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2022
Exports $1.37BWorld Rnk 3 / 162
Flag Rnk 216 / 1217
2022
Destination $90.1M Switzerland
2021 - 2022
FASTEST GROWING MARKET $90.1MSwitzerland
2022
PRODUCT COMPLEXITY IN Precious Stones-1.14Rnk 866 / 1025
2022
Imports $1.68BWorld Rnk 2 / 185
Flag Rnk 284 / 1216
2022
Origin $140M Thailand
2021 - 2022
FASTEST GROWING ORIGIN $140MIndia
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $1.37B in Precious Stones, making it the 3rd largest exporter of Precious Stones in the world. At the same year, Precious Stones was the 216th most exported product in United States. The main destination of Precious Stones exports from United States are: Switzerland ($299M), France ($276M), Hong Kong ($264M), United Kingdom ($91.9M), and Singapore ($75.2M).

The fastest growing export markets for Precious Stones of United States between 2021 and 2022 were Switzerland ($90.1M), France ($79M), and Singapore ($72.4M).

Imports In 2022, United States imported $1.68B in Precious Stones, becoming the 2nd largest importer of Precious Stones in the world. At the same year, Precious Stones was the 284th most imported product in United States. United States imports Precious Stones primarily from: Thailand ($267M), India ($253M), Switzerland ($183M), Israel ($102M), and Sri Lanka ($86.4M).

The fastest growing import markets in Precious Stones for United States between 2021 and 2022 were India ($140M), Thailand ($124M), and United Kingdom ($53.5M).

COMPANIES In 2023, leading companies such as Ameziel (268), CrimsonLogic (94), and Amazon (70) were at the forefront of shipping Precious Stones to the United States.

Latest Trends

September 2024

About

Overview In September 2024 United States' Precious Stones exports accounted up to $475M and imports accounted up to $230M, resulting in a positive trade balance of $245M. Between September 2023 and September 2024 the exports of United States'   Precious Stones have increased by $70M (17.3%) from $405M to $475M, while imports increased by $28.6M (14.2%) from $201M to $230M.

Destinations In September 2024, Precious Stones were exported mostly to Hong Kong ($372M), Switzerland ($39.4M), France ($28.5M), United Kingdom ($14.7M), and Thailand ($5M), and were imported mostly from India ($53.3M), Hong Kong ($48.6M), Colombia ($33.7M), Thailand ($19.4M), and Brazil ($19.3M).

Growth In September 2024, the increase in Precious Stones's year-by-year exports was explained primarily by an increase in exports to France ($24.7M or 93.7%), Singapore ($19.7M or 32.8k%), and Italy ($15.2M or 504%). In September 2024, the increase in Precious Stones's year-by-year imports was explained primarily by an increase in imports from Thailand ($84.4M or 169%), Sri Lanka ($40M or 134%), and Switzerland ($18.5M or 177%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$70M(17.3%)
IMPORT GROWTH (September 2023 - September 2024)$28.6M(14.2%)
MAIN EXPORTER (September 2024)New York$530M
MAIN DESTINATION (September 2024)Hong Kong$372M

This section shows Precious Stones's exports and imports data at subnational level for United States. 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)$1.37B
IMPORTS (2022)$1.68B
NET TRADE (2022)-$314M

In 2022, United States exported $1.37B in Precious Stones. The main destinations of United States exports on Precious Stones were Switzerland ($299M), France ($276M), Hong Kong ($264M), United Kingdom ($91.9M), and Singapore ($75.2M).

In 2022, United States imported $1.68B in Precious Stones, mainly from Thailand ($267M), India ($253M), Switzerland ($183M), Israel ($102M), and Sri Lanka ($86.4M).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Precious Stones EXPORT MARKETS FOR United States WERE (2021 - 2022):
Switzerland$90.1M (43.2%)
France$79M (40.2%)
Singapore$72.4M (2.57k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Stones BY United States WERE (2021 - 2022):
Hong Kong-$21.8M (-7.63%)
Sri Lanka-$4.96M (-34.6%)
Lebanon-$3.19M (-91.6%)
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Change in Exports by Market (undefined - undefined)

Market Concentration

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

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Trade Value of Precious Stones by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $27.8M
TOP IMPORT POTENTIALIndia+ $41.7M

Precious Stones’s highest export potential is India. With an export gap of $27.8M.   Precious Stones’s highest import potential is India with an import gap of $41.7M.

See methodology.

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