Jewelry Exports by Country

Jewelry exports

Jewelry exports

Global sales for jewelry exports by country totaled US$103.2 billion in 2018.

Overall, the value of jewelry exports dropped by an average -28.3% for all exporting countries since 2014 when jewelry shipments were valued at $144 billion. Year over year, the value of exported jewelry slowed by -2.6% from 2017 to 2018.

Among continents, Asian countries sold the highest dollar worth of jewelry exports during 2018 with shipments valued at $58.8 billion or 57% of the worldwide total. In second place were European exporters at 31.5% while 10.3% of international jewelry shipments originated from North America. Smaller percentages came from Latin America (0.5%) excluding Mexico plus the Caribbean, Oceania (0.4%) led by Australia and Africa (0.3%).

For research purposes, the 4-digit Harmonized Tariff System code prefix for jewelry is 7113.

Jewelry Exports by Country

Countries

Below are the 15 countries that exported the highest dollar value worth of jewelry during 2018.

  1. China: US$13.3 billion (12.9% of total jewelry exports)
  2. India: $12.4 billion (12%)
  3. Switzerland: $11.8 billion (11.4%)
  4. United States: $9.9 billion (9.6%)
  5. United Arab Emirates: $8.6 billion (8.3%)
  6. Hong Kong: $7.1 billion (6.9%)
  7. Italy: $7.1 billion (6.8%)
  8. France: $5.8 billion (5.6%)
  9. United Kingdom: $4.4 billion (4.3%)
  10. Turkey: $4.4 billion (4.3%)
  11. Thailand: $3.9 billion (3.7%)
  12. Singapore: $2.4 billion (2.3%)
  13. Indonesia: $2 billion (2%)
  14. Germany: $1.9 billion (1.9%)
  15. Malaysia: $1.4 billion (1.3%)

The listed 15 countries shipped 93.3% of global jewelry exports in 2018 by value.

Among the top exporters, the fastest-growing jewelry exporters since 2014 were: France (up 27.7%), Germany (up 18%), Switzerland (up 8.9%) and Italy (up 1.8%).

Those countries that posted declines in their exported jewelry sales were led by: China (down -72.5%), Singapore (down -29.6%), United Arab Emirates (down -27.4%), Malaysia (down -26.6%) and United Kingdom (down -15%).

Advantages

The following countries posted the highest positive net exports for jewelry during 2018. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the surplus between the value of each country’s jewelry exports and its import purchases for that same commodity.

  1. China: US$11.8 billion (net export surplus down -75.2% since 2014)
  2. India: $11.7 billion (down -4.5%)
  3. Italy: $5 billion (down -10.4%)
  4. Turkey: $3.6 billion (down -3.5%)
  5. Thailand: $3.1 billion (down -4.4%)
  6. Indonesia: $2 billion (down -5.3%)
  7. United Kingdom: $1.2 billion (up 21.5%)
  8. United States: $1.1 billion (down -56.3%)
  9. France: $1 billion (up 78.1%)
  10. Malaysia: $932.2 million (down -37.3%)
  11. Germany: $253.9 million (up 151.6%)
  12. South Africa: $167.6 million (up 4,951%)
  13. Oman: $166.2 million (reversing a -$226.3 million deficit)
  14. Vietnam: $135.3 million (down -25.6%)
  15. Bolivia: $106.5 million (up 15.1%)

China and India have the highest surplus in the international trade of jewelry. In turn, this positive cashflow confirms the countries’ competitive advantage for this specific product category.

Opportunities

The following countries posted the highest negative net exports for jewelry during 2018. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the deficit between the value of each country’s jewelry import purchases and its exports for that same commodity.

  1. Hong Kong: US-$6 billion (net export deficit down -7.1% since 2014)
  2. Switzerland: -$4.4 billion (reversing a $1.4 billion surplus)
  3. United Arab Emirates: -$4.4 billion (reversing a $2 billion surplus)
  4. Qatar: -$1.3 billion (up 191.6%)
  5. Iraq: -$1.1 billion (down 0%)
  6. Canada: -$691.5 million (down -21.6%)
  7. Australia: -$625.2 million (up 11%)
  8. Macao: -$560.7 million (down -56.7%)
  9. Japan: -$538.3 million (up 45.5%)
  10. Saudi Arabia: -$525.6 million (reversing a $128.8 million surplus)
  11. Singapore: -$467 million (up 8.9%)
  12. Netherlands: -$376.2 million (up 249.8%)
  13. Taiwan: -$374.7 million (up 12.4%)
  14. South Korea: -$315.2 million (up 73.6%)
  15. Russia: -$299.5 million (reversing a $294.2 million surplus)

Overtaking the United Arab Emirates in 2018, Hong Kong incurred the highest deficit in the international trade of jewelry. In turn, this negative cashflow highlights Hong Kong’s strong competitive disadvantage for this specific product category but also signals opportunities for jewelry-supplying countries that help satisfy powerful consumer demand.

Companies

Jewelry Exporting Companies

Below are jewelry companies that represent players in the worldwide jewelry market trade. Shown within parenthesis is the country where the company is based.

  • Amrapali Jewels (India)
  • Buckley Jewellery Ltd (United Kingdom)
  • Curtis Australia (Australia)
  • F. Hinds (United Kingdom)
  • Fuqi International (China)
  • Gili Jewellery (India)
  • House of Chaumet (France)
  • Joyalukkas (India)
  • Links of London (United Kingdom)
  • Liquidation Channel (United States)
  • Napier Company (United States)
  • ORRA Jewellery (India)
  • Qeelin (Hong Kong)
  • Shree Ganesh Jewellery House (India)
  • Tacori (United States)
  • The Giving Keys (United States)
  • The Jewellery Channel (United Kingdom)
  • Vaibhav Global (India)
  • WonderLuk (United Kingdom)


 

Searchable List of Jewelry Exporting Countries in 2018

You can change the presentation order by clicking the triangle icon at the top of any of the columns below.

RankExporterJewelry Exports (US$)%World Total
1.China$13.3 billion12.9%
2.India$12.4 billion12%
3.Switzerland$11.8 billion11.4%
4.United States$9.9 billion9.6%
5.United Arab Emirates$8.6 billion8.3%
6.Hong Kong$7.1 billion6.9%
7.Italy$7.1 billion6.8%
8.France$5.8 billion5.6%
9.United Kingdom$4.4 billion4.3%
10.Turkey$4.4 billion4.3%
11.Thailand$3.9 billion3.7%
12.Singapore$2.4 billion2.3%
13.Indonesia$2 billion2%
14.Germany$1.9 billion1.9%
15.Malaysia$1.4 billion1.3%
16.Japan$1.3 billion1.3%
17.Spain$456.5 million0.4%
18.Australia$350.8 million0.3%
19.Mexico$347 million0.3%
20.Canada$337.1 million0.3%
21.Qatar$335.7 million0.3%
22.Belgium$291 million0.3%
23.Israel$220.4 million0.2%
24.Oman$216.2 million0.2%
25.South Africa$213.4 million0.2%
26.Dominican Republic$197.7 million0.2%
27.Vietnam$197.1 million0.2%
28.Macao$186.7 million0.2%
29.South Korea$168.6 million0.2%
30.Austria$151.3 million0.1%
31.Saudi Arabia$138.6 million0.1%
32.Taiwan$118.9 million0.1%
33.Peru$112.8 million0.1%
34.Jordan$112.4 million0.1%
35.Bolivia$109.5 million0.1%
36.Netherlands$91 million0.1%
37.Denmark$86.1 million0.1%
38.Russia$83.3 million0.1%
39.Czech Republic$82.7 million0.1%
40.Bahrain$72.1 million0.1%
41.Zimbabwe$68.6 million0.1%
42.Lebanon$66.9 million0.1%
43.Kazakhstan$58.3 million0.1%
44.Poland$58.1 million0.1%
45.Kuwait$57.9 million0.1%
46.Greece$56.7 million0.1%
47.Ireland$44.5 million0.04%
48.Portugal$43.4 million0.04%
49.Curaçao$43 million0.04%
50.Armenia$40.2 million0.04%
51.New Zealand$39.8 million0.04%
52.Brazil$30.7 million0.03%
53.Barbados$24.4 million0.02%
54.Philippines$24 million0.02%
55.Sweden$18.5 million0.02%
56.Bulgaria$17.4 million0.02%
57.Hungary$14.1 million0.01%
58.Luxembourg$14 million0.01%
59.Cyprus$10.2 million0.01%
60.Sri Lanka$10.2 million0.01%
61.Mauritius$9.9 million0.01%
62.Lithuania$9.6 million0.01%
63.Brunei Darussalam$8.7 million0.01%
64.Myanmar$8.5 million0.01%
65.Seychelles$8.3 million0.01%
66.Estonia$8 million0.01%
67.Norway$7.1 million0.01%
68.Malta$7.1 million0.01%
69.Latvia$5.8 million0.01%
70.Panama$5.6 million0.01%
71.Slovenia$5.6 million0.01%
72.Slovakia$5.4 million0.01%
73.Morocco$5.2 million0.01%
74.Colombia$4.5 million0.004%
75.Pakistan$4.4 million0.004%
76.Finland$4.3 million0.004%
77.Nepal$3.8 million0.004%
78.Laos$3.6 million0.004%
79.Serbia$3.5 million0.003%
80.Azerbaijan$3.3 million0.003%
81.Venezuela$3.1 million0.003%
82.Ukraine$1.9 million0.002%
83.Guatemala$1.9 million0.002%
84.Cambodia$1.7 million0.002%
85.Niger$1.6 million0.002%
86.Romania$1.6 million0.002%
87.Andorra$1.6 million0.002%
88.Croatia$1.6 million0.002%
89.Albania$1.5 million0.001%
90.Chile$1.3 million0.001%
91.Tunisia$1.3 million0.001%
92.Nicaragua$1.1 million0.001%
93.Namibia$1 million0.001%
94.Iraq$989,0000.001%
95.Georgia$967,0000.001%
96.Belize$730,0000.001%
97.Uruguay$646,0000.001%
98.Fiji$608,0000.001%
99.Bosnia/Herzegovina$586,0000.001%
100.Costa Rica$548,0000.001%
101.Cayman Islands$494,0000.0005%
102.US Minor Outlying Is$352,0000.0003%
103.Aruba$337,0000.0003%
104.French Polynesia$301,0000.0003%
105.Afghanistan$269,0000.0003%
106.El Salvador$247,0000.0002%
107.Iran$243,0000.0002%
108.Cameroon$241,0000.0002%
109.Kyrgyzstan$210,0000.0002%
110.Trinidad/Tobago$210,0000.0002%
111.British Virgin Islands$185,0000.0002%
112.Libya$182,0000.0002%
113.Bahamas$172,0000.0002%
114.Iceland$149,0000.0001%
115.Kenya$148,0000.0001%
116.Tokelau$128,0000.0001%
117.Jamaica$117,0000.0001%
118.Moldova$104,0000.0001%
119.Northern Mariana Is$102,0000.0001%
120.Saint Kitts/Nevis$97,0000.0001%
121.Eswatini$95,0000.0001%
122.Argentina$87,0000.0001%
123.Turks/Caicos Islands$86,0000.0001%
124.Honduras$78,0000.0001%
125.Turkmenistan$71,0000.0001%
126.Montenegro$67,0000.0001%
127.Bermuda$60,0000.0001%
128.Angola$57,0000.0001%
129.Ecuador$56,0000.0001%
130.Botswana$50,0000.00005%
131.Tajikistan$49,0000.00005%
132.New Caledonia$48,0000.00005%
133.Vanuatu$35,0000.00003%
134.Papua New Guinea$35,0000.00003%
135.Suriname$35,0000.00003%
136.Zambia$35,0000.00003%
137.Uzbekistan$33,0000.00003%
138.Sierra Leone$26,0000.00003%
139.Maldives$24,0000.00002%
140.Antigua/Barbuda$24,0000.00002%
141.St Maarten (Dutch)$22,0000.00002%
142.Madagascar$21,0000.00002%
143.Ivory Coast$16,0000.00002%
144.Mozambique$16,0000.00002%
145.Togo$16,0000.00002%
146.Bangladesh$15,0000.00001%
147.Ghana$14,0000.00001%
148.Lesotho$14,0000.00001%
149.Mali$12,0000.00001%
150.Cook Islands$9,0000.00001%
151.Congo$9,0000.00001%
152.Senegal$9,0000.00001%
153.Burkina Faso$7,0000.00001%
154.Democr. Rep. Congo$6,0000.00001%
155.Comoros$6,0000.00001%
156.Ethiopia$6,0000.00001%
157.British Indian Ocean Terr$5,0000.000005%
158.Liberia$5,0000.000005%
159.Saint Lucia$5,0000.000005%
160.Saint Vincent/Grenadines$4,0000.000004%
161.Yemen$4,0000.000004%
162.Timor-Leste$4,0000.000004%
163.Eritrea$4,0000.000004%
164.Gibraltar$4,0000.000004%
165.Faroe Islands$3,0000.000003%
166.Tonga$3,0000.000003%
167.Syrian Arab Republic$3,0000.000003%
168.Equatorial Guinea$2,0000.000002%
169.Gabon$2,0000.000002%
170.Haiti$2,0000.000002%
171.Mongolia$1,0000.000001%
172.Cuba$1,0000.000001%
173.Chad$1,0000.000001%
174.Algeria$1,0000.000001%
175.Tuvalu$1,0000.000001%
176.Uganda$1,0000.000001%

 

See also Gold Exports by Country, Hearing Aids Importers by Country and Silver Exports by Country

Research Sources:
Investopedia, Net Exports Definition. Accessed on May 22, 2019

The World Factbook, Field Listing: Imports – Commodities, Central Intelligence Agency. Accessed on May 22, 2019

Trade Map, International Trade Centre. Accessed on May 22, 2019

Wikipedia, Category:Jewellery companies. Accessed on May 28, 2018