2022
Exports
$321MWorld Rnk 10 / 162
Flag Rnk 12 / 1074
2022
PRODUCT COMPLEXITY IN Precious Stones
-1.14Rnk 866 / 1025
2022
Imports
$40.7MWorld Rnk 18 / 185
Flag Rnk 93 / 1171
2022
ECONOMIC COMPLEXITY of Sri Lanka
-0.35Rnk 82 / 133

About

Exports In 2022, Sri Lanka exported $321M in Precious Stones, making it the 10th largest exporter of Precious Stones in the world. At the same year, Precious Stones was the 12th most exported product in Sri Lanka. The main destination of Precious Stones exports from Sri Lanka are: United States ($86.4M), Thailand ($39M), Switzerland ($35.9M), Hong Kong ($31.3M), and Singapore ($24.6M).

The fastest growing export markets for Precious Stones of Sri Lanka between 2021 and 2022 were United States ($25.2M), Singapore ($22.4M), and Thailand ($17.3M).

Imports In 2022, Sri Lanka imported $40.7M in Precious Stones, becoming the 18th largest importer of Precious Stones in the world. At the same year, Precious Stones was the 93rd most imported product in Sri Lanka. Sri Lanka imports Precious Stones primarily from: United States ($9.37M), Thailand ($8.28M), Italy ($7.24M), Switzerland ($4.96M), and Singapore ($2.63M).

The fastest growing import markets in Precious Stones for Sri Lanka between 2021 and 2022 were Italy ($5.34M), Switzerland ($2.82M), and Singapore ($2.39M).

Latest Trends

Aug 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Precious Stones. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$321M
IMPORTS (2022)$40.7M
NET TRADE (2022)$280M

In 2022, Sri Lanka exported $321M in Precious Stones. The main destinations of Sri Lanka exports on Precious Stones were United States ($86.4M), Thailand ($39M), Switzerland ($35.9M), Hong Kong ($31.3M), and Singapore ($24.6M).

In 2022, Sri Lanka imported $40.7M in Precious Stones, mainly from United States ($9.37M), Thailand ($8.28M), Italy ($7.24M), Switzerland ($4.96M), and Singapore ($2.63M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Stones EXPORT MARKETS FOR Sri Lanka WERE (2021 - 2022):
United States$25.2M (41.1%)
Singapore$22.4M (1.01k%)
Thailand$17.3M (79.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Stones BY Sri Lanka WERE (2021 - 2022):
Italy-$19M (-54.1%)
Hong Kong-$1M (-3.11%)
Australia-$547k (-32.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Sri Lanka's main exporting competitors in Precious Stones were:
In 2022, Sri Lanka's main importing competitors in Precious Stones were:

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Trade Value of Precious Stones by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $37.2M
TOP IMPORT POTENTIALThailand+ $727k

Precious Stones’s highest export potential is China. With an export gap of $37.2M.   Precious Stones’s highest import potential is Thailand with an import gap of $727k.

See methodology.

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