710490 (Harmonized System 1992 for 6-digit)

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Overview This page contains the latest trade data of Synthetic precious or semi-precious stones, worked ne. In 2023, Synthetic precious or semi-precious stones, worked ne were the world's 1130th most traded product, with a total trade of $2.93B. Between 2022 and 2023 the exports of Synthetic precious or semi-precious stones, worked ne decreased by -10.6%, from $3.28B to $2.93B. Trade in Synthetic precious or semi-precious stones, worked ne represent 0.013% of total world trade.

Synthetic precious or semi-precious stones, worked ne are a part of Synthetic Reconstructed Jewellery Stones.

Exports In 2023 the top exporters of Synthetic precious or semi-precious stones, worked ne  were India ($1.92B), United States ($267M), China ($240M), United Arab Emirates ($59M), and Thailand ($53.5M).

Imports In 2023 the top importers of Synthetic precious or semi-precious stones, worked ne were United States ($1.26B), Hong Kong ($401M), United Arab Emirates ($364M), India ($132M), and Thailand ($119M).

Ranking Synthetic precious or semi-precious stones, worked ne ranks 1791st in the Product Complexity Index (PCI).

Description Synthetic precious stones are made of glass, pressed together to form the shape of a gemstone. They are often used in the production of costume jewelry. Synthetic semi-precious stones are made of plastic and are often used as an inexpensive substitute for more expensive gemstones.

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Synthetic precious or semi-precious stones, worked ne. 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)India$1.92B
Top Destination (2023)United States$1.26B

In 2023 Synthetic precious or semi-precious stones, worked ne were the world's 1130th most traded product (out of 4,644).

In 2023, the top exporters of Synthetic precious or semi-precious stones, worked ne were India ($1.92B), United States ($267M), China ($240M), United Arab Emirates ($59M), and Thailand ($53.5M).

In 2023, the top importers of Synthetic precious or semi-precious stones, worked ne were United States ($1.26B), Hong Kong ($401M), United Arab Emirates ($364M), India ($132M), and Thailand ($119M).

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Exporters of Synthetic precious or semi-precious stones, worked ne (2023)
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Importers of Synthetic precious or semi-precious stones, worked ne (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Armenia$23.6M
Top Destination Growth (2022 -  2023)Hong Kong$69M

Between 2022 and 2023, the exports of Synthetic precious or semi-precious stones, worked ne grew the fastest in Armenia ($23.6M), Thailand ($17.5M), Belgium ($17.3M), United Arab Emirates ($16.4M), and Ireland ($7.45M).

Between 2022 and 2023, the fastest growing importers of Synthetic precious or semi-precious stones, worked ne were Hong Kong ($69M), United Arab Emirates ($64.9M), Thailand ($29.2M), Armenia ($28.3M), and Russia ($21.5M).

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Exporters of Synthetic precious or semi-precious stones, worked ne (2022 - 2023)

Importers of Synthetic precious or semi-precious stones, worked ne (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Synthetic precious or semi-precious stones, worked ne.

In 2023, market concentration measured using Shannon Entropy, was 2.19. This means that most of the exports of Synthetic precious or semi-precious stones, worked ne are explained by 4 countries.

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Value of Exports in Synthetic precious or semi-precious stones, worked ne

Net Trade

TOP NET EXPORTER (2023)India$1.79B
TOP NET IMPORTER (2023)United States$989M

This map shows which countries export or import more of Synthetic precious or semi-precious stones, worked ne. Each country is colored based on the difference in exports and imports of Synthetic precious or semi-precious stones, worked ne during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Synthetic precious or semi-precious stones, worked ne were India ($1.79B), China ($142M), Austria ($18.5M), Mauritius ($8.93M), and Ireland ($6.62M).

In 2023, the countries that had a largest trade value in imports than in exports of Synthetic precious or semi-precious stones, worked ne were United States ($989M), Hong Kong ($352M), United Arab Emirates ($305M), Thailand ($65M), and Australia ($37.4M).

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 Synthetic precious or semi-precious stones, worked ne.
It is possible to select the main countries that export or import Synthetic precious or semi-precious stones, worked ne in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Synthetic precious or semi-precious stones, worked ne 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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