2022
Exports
$283MWorld Rnk 11 / 162
Flag Rnk 133 / 1198
2022
PRODUCT COMPLEXITY IN Precious Stones
-1.14Rnk 866 / 1025
2022
Imports
$316MWorld Rnk 9 / 185
Flag Rnk 153 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $283M in Precious Stones, making it the 11th largest exporter of Precious Stones in the world. At the same year, Precious Stones was the 133rd most exported product in Singapore. The main destination of Precious Stones exports from Singapore are: Hong Kong ($165M), India ($49.7M), Thailand ($32.3M), Israel ($13.9M), and United Arab Emirates ($3.14M).

The fastest growing export markets for Precious Stones of Singapore between 2021 and 2022 were Hong Kong ($85.2M), India ($29.8M), and Thailand ($11.7M).

Imports In 2022, Singapore imported $316M in Precious Stones, becoming the 9th largest importer of Precious Stones in the world. At the same year, Precious Stones was the 153rd most imported product in Singapore. Singapore imports Precious Stones primarily from: Thailand ($84.4M), United States ($75.2M), Mozambique ($53.9M), Zambia ($34.2M), and Sri Lanka ($24.6M).

The fastest growing import markets in Precious Stones for Singapore between 2021 and 2022 were Thailand ($73.9M), United States ($72.4M), and Sri Lanka ($22.4M).

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)$283M
IMPORTS (2022)$316M
NET TRADE (2022)-$33.1M

In 2022, Singapore exported $283M in Precious Stones. The main destinations of Singapore exports on Precious Stones were Hong Kong ($165M), India ($49.7M), Thailand ($32.3M), Israel ($13.9M), and United Arab Emirates ($3.14M).

In 2022, Singapore imported $316M in Precious Stones, mainly from Thailand ($84.4M), United States ($75.2M), Mozambique ($53.9M), Zambia ($34.2M), and Sri Lanka ($24.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Stones EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Hong Kong$85.2M (106%)
India$29.8M (149%)
Thailand$11.7M (57.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Stones BY Singapore WERE (2021 - 2022):
Israel-$44.1M (-76.1%)
United States-$7.36M (-79%)
France-$2.25M (-82%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Precious Stones were:
In 2022, Singapore'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 POTENTIALIndia+ $5.58M
TOP IMPORT POTENTIALIndia+ $6.52M

Precious Stones’s highest export potential is India. With an export gap of $5.58M.   Precious Stones’s highest import potential is India with an import gap of $6.52M.

See methodology.

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