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Pricing

Precious (excluding diamond) and semi-precious stone; worked, graded, not strung, mounted, set; ungraded precious (excluding diamond) and semi-precious stone, temporarily strung for convenience of transport

7103 (Harmonized System 1992 for 4-digit)

2022
World Trade $12.9BRnk 316 / 1218
2022
Top Exporter | Top Importer $4.13B | $4.35BBurma | China
2022
Product Complexity -1.35Rnk 933 / 1033
2021 - 2022
Export Growth (CAGR) 65.2%Rnk 22 / 1218
2022
Share of World Trade 0.054%Rnk 316 / 1218

About

Overview This page contains the latest trade data of Precious Stones. In 2022, Precious Stones were the world's 316th most traded product, with a total trade of $12.9B. Between 2021 and 2022 the exports of Precious Stones grew by 65.2%, from $7.8B to $12.9B. Trade in Precious Stones represent 0.054% of total world trade.

Precious Stones are a part of Precious stones, metals, & pearls. They include Rubies, sapphires and emeralds worked but not set, Precious & semi-precious stones, nes, worked, not set, and Precious, semi-precious stones unworked, partly worke.

Exports In 2022 the top exporters of Precious Stones  were Burma ($4.13B), Thailand ($1.37B), United States ($1.37B), Hong Kong ($858M), and India ($695M).

Imports In 2022 the top importers of Precious Stones were China ($4.35B), United States ($1.68B), Hong Kong ($1.32B), India ($990M), and Thailand ($853M).

Ranking Precious Stones ranks 933rd in the Product Complexity Index (PCI).

Description Precious stones and semi-precious stones are used in jewelry, such as rings, necklaces, earrings, bracelets, and other items. They can be made from a variety of materials, including diamonds, rubies, sapphires, emeralds, opals, amethysts, garnets and tourmalines.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Precious Stones. 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 (2022)Burma$4.13B
Top Destination (2022)China$4.35B

In 2022 Precious Stones were the world's 316th most traded product (out of 1,218).

In 2022, the top exporters of Precious Stones were Burma ($4.13B), Thailand ($1.37B), United States ($1.37B), Hong Kong ($858M), and India ($695M).

In 2022, the top importers of Precious Stones were China ($4.35B), United States ($1.68B), Hong Kong ($1.32B), India ($990M), and Thailand ($853M).

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Exporters of Precious Stones (2022)
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Importers of Precious Stones (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Burma$2.97B
Top Destination Growth (2021 -  2022)China$3.04B

Between 2021 and 2022, the exports of Precious Stones grew the fastest in Burma ($2.97B), Thailand ($528M), Hong Kong ($437M), United States ($326M), and Zambia ($123M).

Between 2021 and 2022, the fastest growing importers of Precious Stones were China ($3.04B), United States ($697M), India ($469M), Thailand ($420M), and Singapore ($106M).

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Exporters of Precious Stones (2021 - 2022)

Importers of Precious Stones (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Precious Stones.

In 2022, market concentration measured using Shannon Entropy, was 3.78. This means that most of the exports of Precious Stones are explained by 13 countries.

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Value of Exports in Precious Stones

Net Trade

TOP NET EXPORTER (2022)Burma$4.13B
TOP NET IMPORTER (2022)China$4.17B

This map shows which countries export or import more of Precious Stones. Each country is colored based on the difference in exports and imports of Precious Stones during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Precious Stones were Burma ($4.13B), Thailand ($518M), Zambia ($399M), Sri Lanka ($280M), and Mozambique ($217M).

In 2022, the countries that had a largest trade value in imports than in exports of Precious Stones were China ($4.17B), France ($498M), Hong Kong ($457M), United States ($314M), and India ($295M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Precious Stones, disaggragated by their HS6 level were Precious & semi-precious stones, nes, worked,... ($6.02B), Rubies, sapphires and emeralds worked but... ($5.48B), and Precious, semi-precious stones unworked, partly worke ($1.38B)

HS6 Disaggregation for Precious Stones (2022)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Precious Stones.
It is possible to select the main countries that export or import Precious Stones in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Precious Stones by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $26M
TOP IMPORT POTENTIALIndia+ $18.2M

Precious Stones’s highest export potential is China. With an export gap of $26M.  Precious Stones’s highest import potential is India with an import gap of $18.2M.

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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 (2022)

Related Products

This visualization shows products that are likely to be exported by countries that export Precious Stones.

Country by Relatedness

The following visualization shows the relatedness of Precious Stones to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2022)

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