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Natural, cultured pearls; precious, semi-precious stones; precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin

71 (Harmonized System 1992 for 2-digit)

2023
World Trade $933BRnk 5 / 96
2023
Top Exporter | Top Importer $124B | $131BSwitzerland | Switzerland
2023
Product Complexity -1.99Rnk 94 / 96
2022 - 2023
Export Growth (CAGR) 3.14%Rnk 18 / 96
2023
Share of World Trade 4.13%Rnk 5 / 96

About

Overview This page contains the latest trade data of Precious stones, metals, & pearls. In 2023, Precious stones, metals, & pearls were the world's 5th most traded product, with a total trade of $933B. Between 2022 and 2023 the exports of Precious stones, metals, & pearls grew by 3.14%, from $904B to $933B. Trade in Precious stones, metals, & pearls represent 4.13% of total world trade.

Precious stones, metals, & pearls are a part of Precious Metals. They include Gold, Diamonds, Jewellery, Platinum, Silver, Precious Metal Scraps, Precious Stones, Imitation Jewellery, Other Precious Metal Products, and Pearls, among others.

Exports In 2023 the top exporters of Precious stones, metals, & pearls  were Switzerland ($124B), United Arab Emirates ($68.9B), United States ($57.4B), South Africa ($50.7B), and United Kingdom ($42.8B).

Imports In 2023 the top importers of Precious stones, metals, & pearls were Switzerland ($131B), United Arab Emirates ($112B), Hong Kong ($110B), China ($106B), and United States ($75B).

Ranking Precious stones, metals, & pearls ranks 94th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Flow
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The following visualization shows the latest trends on Precious stones, metals, & pearls. 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)Switzerland$124B
Top Destination (2023)Switzerland$131B

In 2023 Precious stones, metals, & pearls were the world's 5th most traded product (out of 96).

In 2023, the top exporters of Precious stones, metals, & pearls were Switzerland ($124B), United Arab Emirates ($68.9B), United States ($57.4B), South Africa ($50.7B), and United Kingdom ($42.8B).

In 2023, the top importers of Precious stones, metals, & pearls were Switzerland ($131B), United Arab Emirates ($112B), Hong Kong ($110B), China ($106B), and United States ($75B).

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Exporters of Precious stones, metals, & pearls (2023)
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Importers of Precious stones, metals, & pearls (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Canada$13.9B
Top Destination Growth (2022 -  2023)Hong Kong$28.5B

Between 2022 and 2023, the exports of Precious stones, metals, & pearls grew the fastest in Canada ($13.9B), United Arab Emirates ($12.4B), Switzerland ($10.2B), Hong Kong ($9.39B), and Kazakhstan ($7.78B).

Between 2022 and 2023, the fastest growing importers of Precious stones, metals, & pearls were Hong Kong ($28.5B), United Arab Emirates ($18.6B), United Kingdom ($16.7B), Turkey ($11.6B), and China ($5.63B).

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Exporters of Precious stones, metals, & pearls (2022 - 2023)

Importers of Precious stones, metals, & pearls (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Precious stones, metals, & pearls.

In 2023, market concentration measured using Shannon Entropy, was 5.29. This means that most of the exports of Precious stones, metals, & pearls are explained by 39 countries.

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Value of Exports in Precious stones, metals, & pearls

Net Trade

TOP NET EXPORTER (2023)South Africa$45.5B
TOP NET IMPORTER (2023)China$76.6B

This map shows which countries export or import more of Precious stones, metals, & pearls. Each country is colored based on the difference in exports and imports of Precious stones, metals, & pearls during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Precious stones, metals, & pearls were South Africa ($45.5B), Russia ($24.4B), Australia ($22.5B), Canada ($20.5B), and Kazakhstan ($18.9B).

In 2023, the countries that had a largest trade value in imports than in exports of Precious stones, metals, & pearls were China ($76.6B), Hong Kong ($75.8B), United Arab Emirates ($42.9B), India ($30B), and United Kingdom ($26B).

Net Trade (2023)

Disaggregation

Value
Disaggregation

In 2023, the world most traded Precious stones, metals, & pearls, disaggragated by their HS6 level were Gold ($574B), Jewellery ($113B), Diamonds ($98.4B), Platinum ($49B), and Silver ($29.5B)

HS6 Disaggregation for Precious stones, metals, & pearls (2023)
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Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Precious stones, metals, & pearls by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALGermany+ $1.26B
TOP IMPORT POTENTIALGermany+ $1.06B

Precious stones, metals, & pearls’s highest export potential is Germany. With an export gap of $1.26B.  Precious stones, metals, & pearls’s highest import potential is Germany with an import gap of $1.06B.

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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 (2023)

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