The overall value of jewelry exports fell by an average -7% for all exporting countries since 2017 when jewelry shipments were worth $106.2 billion.
On a year-to-year basis, the value of jewelry sold on international markets accelerated by 37.1% from $72 billion during 2020.
The 5 biggest exporters of jewelry in 2021 were mainland China, Switzerland, India, Hong Kong and Italy. Together, that cohort of major jewelry suppliers sold over half (53.3%) of globally exported jewelry.
Among continents, countries in Asia sold the highest dollar worth of jewelry exported during 2021 with shipments valued at $56.2 billion or 56.9% of the world’s total. In second place were European exporters at 33.3% while another 8% of international jewelry shipments originated from North America.
Tinier percentages came from Latin America (1.1%) excluding Mexico plus the Caribbean, Oceania (0.5%) led by Australia and New Zealand, and Africa (0.2%).
For research purposes, the 4-digit Harmonized Tariff System code prefix for jewelry is 7113.
Jewelry Exports by Country
Below are the 15 countries that exported the highest dollar value worth of jewelry during 2021.
- China: US$12.5 billion (12.6% of total jewelry exports)
- Switzerland: $11.4 billion (11.6%)
- India: $10.6 billion (10.7%)
- Hong Kong: $9.3 billion (9.4%)
- Italy: $8.9 billion (9%)
- United States: $7.2 billion (7.3%)
- Turkey: $6.8 billion (6.9%)
- France: $5.2 billion (5.2%)
- United Arab Emirates: $3.8 billion (3.8%)
- Thailand: $3.3 billion (3.4%)
- Singapore: $2.9 billion (2.9%)
- United Kingdom: $2.9 billion (2.9%)
- Indonesia: $2.6 billion (2.6%)
- Germany: $1.6 billion (1.6%)
- Ireland: $1.1 billion (1.1%)
By value, the listed 15 countries shipped 91.2% of global jewelry exported in 2021.
Among the top exporters, the fastest-growing jewelry exporters since 2020 were: Turkey (up 90.5%), Indonesia (up 76.8%), Italy (up 69.7%) and Singapore (up 64.6%).
A pair of top suppliers posted declines in their international sales of jewelry exports namely the United Arab Emirates (down -41.5% compared to 2020) and the United Kingdom (down -3%).
Countries Enjoying Best Jewelry Trade Surpluses
The following countries posted the highest positive net exports for jewelry during 2021. 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.
- India: US$10 billion (net export surplus up 36.4% since 2020)
- China: $7.1 billion (up 63.9%)
- Italy: $6.9 billion (up 68.4%)
- Turkey: $6 billion (up 113.3%)
- Switzerland: $3.1 billion (up 1359.4%)
- Thailand: $2.6 billion (up 31.6%)
- Indonesia: $2.5 billion (up 77%)
- France: $1.7 billion (up 39.2%)
- Malaysia: $475.4 million (up 31.1%)
- Ireland: $370.9 million (up 79.7%)
- Vietnam: $214.9 million (down -4.8%)
- Bolivia: $201 million (up 56%)
- Oman: $167.5 million (reversing a -$109.6 million deficit)
- United Kingdom: $141.8 million (down -44.4%)
- South Africa: $135.7 million (up 39.3%)
India and China generated the highest surpluses in the international trade of jewelry. In turn, this positive cashflow confirms those countries’ competitive advantage for this specific product category.
Countries Suffering Worst Jewelry Trade Deficits
The following countries posted the highest negative net exports for jewelry during 2021. 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.
- Hong Kong: -US$8.3 billion (net export deficit up 65.6% since 2020)
- United States of America: -$6.8 billion (up 182.9%)
- United Arab Emirates: -$5.1 billion (reversing a $375.2 million surplus)
- Macao: -$1.5 billion (up 176.9%)
- Iraq: -$1.4 billion (down -2.3%)
- Saudi Arabia: -$1.4 billion (up 206.4%)
- Japan: -$1.1 billion (down -4.5%)
- Canada: -$1 billion (up 51.4%)
- Australia: -$785.8 million (up 47.3%)
- Qatar: -$691.8 million (up 152.2%)
- South Korea: -$589.1 million (up 55.8%)
- Taiwan: -$531.5 million (up 53.5%)
- Libya: -$401 million (up 249.9%)
- Netherlands: -$270.2 million (up 666.8%)
- Russia: -$266.5 million (up 59.6%)
Hong Kong incurred the highest deficit in the international trade of jewelry during 2021. In turn, this negative cashflow highlights Hong Kong’s strong competitive disadvantage for this specific product category but also signals opportunities for jewelry-supplying countries that help satisfy powerful consumer demand.
Jewelry Exporting Companies
Below are jewelry companies that represent players in the worldwide jewelry market trade. Shown within parenthesis is the country where the company is based.
- Amrapali Jewels (India)
- Buckley Jewellery Ltd (United Kingdom)
- Curtis Australia (Australia)
- F. Hinds (United Kingdom)
- Fuqi International (China)
- Gili Jewellery (India)
- House of Chaumet (France)
- Joyalukkas (India)
- Links of London (United Kingdom)
- Liquidation Channel (United States)
- Napier Company (United States)
- ORRA Jewellery (India)
- Qeelin (Hong Kong)
- Shree Ganesh Jewellery House (India)
- Tacori (United States)
- The Giving Keys (United States)
- The Jewellery Channel (United Kingdom)
- Vaibhav Global (India)
- WonderLuk (United Kingdom)
Searchable List of Jewelry Exporting Countries in 2021
The top 100 largest exporters of jewelry account for 99.99% of the overall value of jewelry sold on international markets during 2021.
| Rank | Exporter | Jewelry Exports (US$) | 2020-1 |
|---|---|---|---|
| 1. | China | $12,482,817,000 | +56.3% |
| 2. | Switzerland | $11,417,814,000 | +40.9% |
| 3. | India | $10,553,431,000 | +37.8% |
| 4. | Hong Kong | $9,283,935,000 | +46.7% |
| 5. | Italy | $8,921,174,000 | +69.7% |
| 6. | United States | $7,247,303,000 | +37.2% |
| 7. | Turkey | $6,807,848,000 | +90.5% |
| 8. | France | $5,163,757,000 | +17.2% |
| 9. | United Arab Emirates | $3,777,868,000 | -41.5% |
| 10. | Thailand | $3,347,513,000 | +29.3% |
| 11. | Singapore | $2,890,287,000 | +64.6% |
| 12. | United Kingdom | $2,851,653,000 | -3% |
| 13. | Indonesia | $2,559,773,000 | +76.8% |
| 14. | Germany | $1,623,891,000 | +15.9% |
| 15. | Ireland | $1,106,623,000 | +54.6% |
| 16. | Malaysia | $1,082,044,000 | +44.2% |
| 17. | Japan | $852,662,000 | +101.5% |
| 18. | Dominican Republic | $603,521,000 | +64.4% |
| 19. | Spain | $484,807,000 | +40.8% |
| 20. | Australia | $466,434,000 | +27.6% |
| 21. | Mexico | $451,078,000 | +78.2% |
| 22. | Jordan | $411,676,000 | +579.3% |
| 23. | South Korea | $353,753,000 | +73.5% |
| 24. | Belgium | $335,374,000 | +35.1% |
| 25. | Vietnam | $315,100,000 | +13.5% |
| 26. | Israel | $303,682,000 | +43.5% |
| 27. | Oman | $251,155,000 | +237.8% |
| 28. | Netherlands | $240,821,000 | -16.5% |
| 29. | Macao | $236,363,000 | +28.7% |
| 30. | Canada | $222,078,000 | +31.9% |
| 31. | Bolivia | $204,585,000 | +56.5% |
| 32. | South Africa | $173,885,000 | +46% |
| 33. | Russia | $142,627,000 | +58.3% |
| 34. | Lebanon | $114,386,000 | -9.5% |
| 35. | Denmark | $106,267,000 | +20.7% |
| 36. | Peru | $105,511,000 | +64.3% |
| 37. | Taiwan | $100,507,000 | +14.3% |
| 38. | Bahrain | $95,520,000 | +28.4% |
| 39. | Austria | $91,470,000 | +12.1% |
| 40. | Poland | $87,331,000 | +20.1% |
| 41. | Armenia | $75,191,000 | +165.5% |
| 42. | Czech Republic | $70,583,000 | +20.9% |
| 43. | Sri Lanka | $65,580,000 | +856% |
| 44. | Nicaragua | $57,392,000 | +33% |
| 45. | Portugal | $52,538,000 | +40.4% |
| 46. | Qatar | $50,270,000 | -47.1% |
| 47. | Saudi Arabia | $41,567,000 | -71.9% |
| 48. | Sweden | $41,120,000 | +12.8% |
| 49. | Greece | $38,437,000 | +31.2% |
| 50. | Bulgaria | $32,101,000 | -7.3% |
| 51. | New Zealand | $27,883,000 | +12.4% |
| 52. | Kazakhstan | $27,485,000 | -48.9% |
| 53. | Brazil | $24,423,000 | +46% |
| 54. | Philippines | $20,645,000 | +35.2% |
| 55. | Costa Rica | $19,154,000 | +2259% |
| 56. | Panama | $18,119,000 | -42.4% |
| 57. | Norway | $14,345,000 | +97.7% |
| 58. | Slovakia | $13,708,000 | +262.4% |
| 59. | Kuwait | $12,198,000 | -38.6% |
| 60. | Luxembourg | $11,284,000 | +33.9% |
| 61. | Slovenia | $10,144,000 | +57.4% |
| 62. | Mauritius | $10,095,000 | +45.9% |
| 63. | Malta | $9,767,000 | +175.7% |
| 64. | Egypt | $9,637,000 | +344.5% |
| 65. | Hungary | $9,065,000 | -44.6% |
| 66. | Barbados | $8,742,000 | +188.6% |
| 67. | Myanmar | $8,435,000 | 0% |
| 68. | Morocco | $8,044,000 | +104.9% |
| 69. | Lithuania | $7,805,000 | +7.8% |
| 70. | Nepal | $7,594,000 | +193.8% |
| 71. | Pakistan | $6,310,000 | +53.3% |
| 72. | Aruba | $6,100,000 | -6.6% |
| 73. | Uzbekistan | $6,099,000 | +125.8% |
| 74. | Latvia | $5,634,000 | -9.3% |
| 75. | Ukraine | $5,455,000 | +137.1% |
| 76. | Estonia | $5,192,000 | -26.1% |
| 77. | Iraq | $4,958,000 | -38.4% |
| 78. | Finland | $4,366,000 | -1.5% |
| 79. | Cyprus | $4,354,000 | +165.8% |
| 80. | Colombia | $4,070,000 | +29% |
| 81. | Croatia | $2,808,000 | +23% |
| 82. | Niger | $2,566,000 | 0% |
| 83. | Serbia | $2,447,000 | +28.6% |
| 84. | Laos | $2,054,000 | +49.4% |
| 85. | Albania | $1,932,000 | 0% |
| 86. | Guatemala | $1,824,000 | +26% |
| 87. | Tunisia | $1,546,000 | +31.2% |
| 88. | Bosnia/Herzegovina | $1,504,000 | +51.5% |
| 89. | Iran | $1,235,000 | -96.1% |
| 90. | Chile | $831,000 | +9.1% |
| 91. | Azerbaijan | $827,000 | +270.9% |
| 92. | El Salvador | $805,000 | +117.6% |
| 93. | Namibia | $741,000 | +117.9% |
| 94. | Zambia | $712,000 | +103.4% |
| 95. | Libya | $624,000 | -40.3% |
| 96. | Montenegro | $616,000 | -89.4% |
| 97. | Zimbabwe | $586,000 | -99.3% |
| 98. | Guam | $438,000 | 0% |
| 99. | Ecuador | $404,000 | +531.3% |
| 100. | Bermuda | $366,000 | +50% |
Expanding the scope of our analysis to include the 100 top jewelry exporters, the fastest growers from 2020 to 2021 were Costa Rica (up 2,259%), Sri Lanka (up 856%), Jordan (up 579.3%), Ecuador (up 531.3%), Egypt (up 344.5%), Azerbaijan (up 270.9%) and Slovakia (up 262.4%).
You can change the presentation order by clicking the triangle icon at the top of any of the columns above. An entry of 0% in the right-most column means that no 2020 data was available.
See also Best Global Consumer Markets for Selling Imported Jewelry, Gold Exports by Country, Diamond Exports by Country, Silver Exports by Country and Platinum Exports by Country
Research Sources:
Central Intelligence Agency, The World Factbook Field Listing: Imports – Commodities. Accessed on July 7, 2022
Investopedia, Net Exports Definition. Accessed on July 7, 2022
International Trade Centre, Trade Map. Accessed on July 7, 2022
Wikipedia, Category:Jewellery companies. Accessed on May 28, 2021
