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2022
Exports $219MWorld Rnk 12 / 162
Flag Rnk 407 / 1217
2022
Destination $15.1M United States
2021 - 2022
FASTEST GROWING MARKET $15.1MSwitzerland
2022
PRODUCT COMPLEXITY IN Precious Stones-1.14Rnk 866 / 1025
2022
Imports $338MWorld Rnk 8 / 185
Flag Rnk 320 / 1215
2022
Origin $49.2M Thailand
2021 - 2022
FASTEST GROWING ORIGIN $49.2MThailand
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $219M in Precious Stones, making it the 12th largest exporter of Precious Stones in the world. At the same year, Precious Stones was the 407th most exported product in Italy. The main destination of Precious Stones exports from Italy are: United States ($67.8M), Hong Kong ($52M), Switzerland ($40.4M), Thailand ($21.4M), and France ($9.02M).

The fastest growing export markets for Precious Stones of Italy between 2021 and 2022 were Switzerland ($15.1M), Germany ($8.11M), and Thailand ($7.25M).

Imports In 2022, Italy imported $338M in Precious Stones, becoming the 8th largest importer of Precious Stones in the world. At the same year, Precious Stones was the 320th most imported product in Italy. Italy imports Precious Stones primarily from: Thailand ($118M), India ($55.6M), United States ($42.6M), Switzerland ($19.4M), and Sri Lanka ($16.1M).

The fastest growing import markets in Precious Stones for Italy between 2021 and 2022 were Thailand ($49.2M), India ($16.6M), and France ($8.43M).

Latest Trends

March 2024

About

Overview In March 2024 Italy's Precious Stones exports accounted up to €15.1M and imports accounted up to €21.8M, resulting in a negative trade balance of €6.69M. Between March 2023 and March 2024 the exports of Italy's   Precious Stones have decreased by €-6.21M (-29.1%) from €21.3M to €15.1M, while imports decreased by €-8.58M (-28.2%) from €30.4M to €21.8M.

Destinations In March 2024, Precious Stones were exported mostly to Hong Kong (€10.5M), Thailand (€1.76M), United States (€1.26M), Switzerland (€912k), and France (€432k), and were imported mostly from Thailand (€6.39M), Indonesia (€3.28M), Hong Kong (€2.28M), Nigeria (€1.8M), and United States (€1.38M).

Growth In March 2024, the decrease in Precious Stones's year-by-year exports was explained primarily by a decrease in exports to Switzerland (€-3.1M or -55.5%), Germany (€-172k or -89.2%), and Sweden (€-66.3k or -88.3%). In March 2024, the decrease in Precious Stones's year-by-year imports was explained primarily by a decrease in imports from Switzerland (€-4.53M or -83.5%), Colombia (€-2.1M or -95.5%), and France (€-1.82M or -75.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - March 2024)€-6.21M(-29.1%)
IMPORT GROWTH (March 2023 - March 2024)€-8.58M(-28.2%)
MAIN DESTINATION (March 2024)Hong Kong€10.5M

This section shows Precious Stones's exports and imports data at subnational level for Italy. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Precious Stones over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$219M
IMPORTS (2022)$338M
NET TRADE (2022)-$120M

In 2022, Italy exported $219M in Precious Stones. The main destinations of Italy exports on Precious Stones were United States ($67.8M), Hong Kong ($52M), Switzerland ($40.4M), Thailand ($21.4M), and France ($9.02M).

In 2022, Italy imported $338M in Precious Stones, mainly from Thailand ($118M), India ($55.6M), United States ($42.6M), Switzerland ($19.4M), and Sri Lanka ($16.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Stones EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Switzerland$15.1M (59.5%)
Germany$8.11M (1.24k%)
Thailand$7.25M (51.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Stones BY Italy WERE (2021 - 2022):
Hong Kong-$62.4M (-54.5%)
United States-$6.28M (-8.48%)
France-$3.39M (-27.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Precious Stones were:
Burma $4.13B
Thailand $1.37B
United States $1.37B
In 2022, Italy's main importing competitors in Precious Stones were:
China $4.35B
United States $1.68B
Hong Kong $1.32B

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Trade Value of Precious Stones by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $7.35M
TOP IMPORT POTENTIALSwitzerland+ $11.4M

Precious Stones’s highest export potential is France. With an export gap of $7.35M.   Precious Stones’s highest import potential is Switzerland with an import gap of $11.4M.

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