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710399 (Harmonized System 1992 for 6-digit)

2023
World Trade $3.49BRnk 998 / 4644
2023
Top Exporter | Top Importer $749M | $857MBurma | China
2023
Product Complexity -1.79Rnk 4434 / 4656
2022 - 2023
Export Growth (CAGR) -42.5%Rnk 4469 / 4644
2023
Share of World Trade 0.015%Rnk 998 / 4644

About

Overview This page contains the latest trade data of Precious & semi-precious stones, nes, worked, not set. In 2023, Precious & semi-precious stones, nes, worked, not set were the world's 998th most traded product, with a total trade of $3.49B. Between 2022 and 2023 the exports of Precious & semi-precious stones, nes, worked, not set decreased by -42.5%, from $6.07B to $3.49B. Trade in Precious & semi-precious stones, nes, worked, not set represent 0.015% of total world trade.

Precious & semi-precious stones, nes, worked, not set are a part of Precious Stones.

Exports In 2023 the top exporters of Precious & semi-precious stones, nes, worked, not set  were Burma ($749M), Thailand ($407M), India ($342M), Hong Kong ($324M), and United States ($237M).

Imports In 2023 the top importers of Precious & semi-precious stones, nes, worked, not set were China ($857M), United States ($826M), Hong Kong ($512M), Thailand ($259M), and Italy ($174M).

Ranking Precious & semi-precious stones, nes, worked, not set ranks 4434th in the Product Complexity Index (PCI).

Description Precious stones are often set into jewelry, as well as in other works of art, and are used to create inlays and mosaics. Semi-precious stones are used for their color, so they are often cut into cabochons.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Precious & semi-precious stones, nes, worked, not set. Countries are shown based on data availability.

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

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Burma$749M
Top Destination (2023)China$857M

In 2023 Precious & semi-precious stones, nes, worked, not set were the world's 998th most traded product (out of 4,644).

In 2023, the top exporters of Precious & semi-precious stones, nes, worked, not set were Burma ($749M), Thailand ($407M), India ($342M), Hong Kong ($324M), and United States ($237M).

In 2023, the top importers of Precious & semi-precious stones, nes, worked, not set were China ($857M), United States ($826M), Hong Kong ($512M), Thailand ($259M), and Italy ($174M).

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Exporters of Precious & semi-precious stones, nes, worked, not set (2023)
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Importers of Precious & semi-precious stones, nes, worked, not set (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Hong Kong$88.1M
Top Destination Growth (2022 -  2023)United States$261M

Between 2022 and 2023, the exports of Precious & semi-precious stones, nes, worked, not set grew the fastest in Hong Kong ($88.1M), France ($82.8M), United States ($81.6M), Thailand ($68.9M), and Switzerland ($66.7M).

Between 2022 and 2023, the fastest growing importers of Precious & semi-precious stones, nes, worked, not set were United States ($261M), Hong Kong ($179M), Thailand ($70.7M), Italy ($33M), and France ($29.2M).

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Exporters of Precious & semi-precious stones, nes, worked, not set (2022 - 2023)

Importers of Precious & semi-precious stones, nes, worked, not set (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Precious & semi-precious stones, nes, worked, not set.

In 2023, market concentration measured using Shannon Entropy, was 4.04. This means that most of the exports of Precious & semi-precious stones, nes, worked, not set are explained by 16 countries.

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Value of Exports in Precious & semi-precious stones, nes, worked, not set

Net Trade

TOP NET EXPORTER (2023)Burma$749M
TOP NET IMPORTER (2023)China$778M

This map shows which countries export or import more of Precious & semi-precious stones, nes, worked, not set. Each country is colored based on the difference in exports and imports of Precious & semi-precious stones, nes, worked, not set during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Precious & semi-precious stones, nes, worked, not set were Burma ($749M), Brazil ($198M), India ($197M), Thailand ($148M), and Germany ($112M).

In 2023, the countries that had a largest trade value in imports than in exports of Precious & semi-precious stones, nes, worked, not set were China ($778M), United States ($589M), Hong Kong ($189M), Italy ($87.3M), and Japan ($61.1M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Precious & semi-precious stones, nes, worked, not set.
It is possible to select the main countries that export or import Precious & semi-precious stones, nes, worked, not set in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Precious & semi-precious stones, nes, worked, not set by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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