The overall value of jewelry exports accelerated by 79.4% for all exporting countries from 5 years earlier in 2020 when jewelry shipments were worth $72.6 billion.
On a year-to-year basis, the value of exported jewelry sold on international markets flatlined dropped -4.8% compared to $136.9 billion during 2023.
The 5 biggest exporters of jewelry in 2024 were Italy, Switzerland, India, mainland China, and the United States of America. Together, that cohort of major jewelry suppliers sold nearly half (49.6%) of globally exported jewelry.
Among continents, suppliers in Asia sold the highest dollar worth of jewelry exported during 2024 with shipments valued at $69.6 billion or 53.5% of the world’s total. In second place were exporters located in Europe at 35.6% while another 9.1% of international jewelry shipments originated from North America.
Smaller percentages came from Latin America (1.1%) excluding Mexico plus the Caribbean, Africa (0.4%) and Oceania (0.39%) led by Australia and New Zealand.
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 2024.
- Italy: US$15.9 billion (12.2% of total jewelry exports)
- Switzerland: $13.5 billion (10.4%)
- India: $12.3 billion (9.4%)
- mainland China: $11.7 billion (9%)
- United States: $11.2 billion (8.6%)
- Hong Kong: $10.1 billion (7.8%)
- Türkiye: $9.2 billion (7%)
- France: $7.4 billion (5.7%)
- Indonesia: $5.3 billion (4.1%)
- Thailand: $4.8 billion (3.7%)
- United Arab Emirates: $4.2 billion (3.2%)
- Singapore: $3.6 billion (2.8%)
- United Kingdom: $3.2 billion (2.4%)
- Malaysia: $1.8 billion (1.4%)
- Germany: $1.8 billion (1.3%)
By value, the listed 15 countries shipped 89.1% of globally exported jewelry in 2024.
Among the top exporters, the fastest-growing jewelry exporters since 2023 were: Italy (up 44.9%), Malaysia (up 23.2%), Türkiye (up 9.4%) and France (up 8.2%).
Those countries that posted declines in their international sales of jewelry exports were led by: United Arab Emirates (down -71.2% from 2023), mainland China (down -18.4%), United States of America (down -7%), Hong Kong (down -6.7%) and Indonesia (down -4.2%).
Searchable List of Jewelry Exporting Countries in 2024
The top 100 largest exporters of jewelry account for 99.99% of the overall value of jewelry sold on international markets during 2024.
| Rank | Exporter | Jewelry Exports | 2023-4 |
|---|---|---|---|
| 1. | Italy | $15,883,281,000 | +44.9% |
| 2. | Switzerland | $13,534,723,000 | -2.5% |
| 3. | India | $12,272,843,000 | -3.3% |
| 4. | mainland China | $11,739,542,000 | -18.4% |
| 5. | United States | $11,217,805,000 | -7% |
| 6. | Hong Kong | $10,149,962,000 | -6.7% |
| 7. | Türkiye | $9,162,248,000 | +9.4% |
| 8. | France | $7,395,818,000 | +8.2% |
| 9. | Indonesia | $5,294,240,000 | -4.2% |
| 10. | Thailand | $4,815,244,000 | +8.2% |
| 11. | United Arab Emirates | $4,211,577,000 | -71.2% |
| 12. | Singapore | $3,646,735,000 | +1.7% |
| 13. | United Kingdom | $3,188,069,000 | -0.4% |
| 14. | Malaysia | $1,812,022,000 | +23.2% |
| 15. | Germany | $1,750,214,000 | -0.2% |
| 16. | Ireland | $1,208,707,000 | -7.1% |
| 17. | Netherlands | $1,091,224,000 | +145% |
| 18. | Jordan | $955,890,000 | +16.4% |
| 19. | Armenia | $899,356,000 | +81.5% |
| 20. | Japan | $769,726,000 | -51.7% |
| 21. | Saudi Arabia | $752,520,000 | -11.3% |
| 22. | Dominican Republic | $652,185,000 | +0.8% |
| 23. | South Korea | $565,028,000 | +31.4% |
| 24. | Spain | $553,205,000 | +19.1% |
| 25. | Qatar | $504,319,000 | +226.6% |
| 26. | Macao | $454,334,000 | +92.1% |
| 27. | Australia | $452,106,000 | -12% |
| 28. | Israel | $421,582,000 | +39.5% |
| 29. | Vietnam | $368,142,000 | +7.2% |
| 30. | Belgium | $361,703,000 | +10.4% |
| 31. | Mexico | $322,698,000 | -17.6% |
| 32. | Tanzania | $307,411,000 | +86495% |
| 33. | Canada | $304,151,000 | +12.1% |
| 34. | Austria | $293,806,000 | +156.7% |
| 35. | Panama | $223,806,000 | +45% |
| 36. | Oman | $221,855,000 | +118.6% |
| 37. | Bahrain | $207,195,000 | -31% |
| 38. | Peru | $191,895,000 | +112.2% |
| 39. | South Africa | $189,678,000 | -18.5% |
| 40. | Bolivia | $188,229,000 | +2149% |
| 41. | Romania | $146,385,000 | +17.2% |
| 42. | Denmark | $141,491,000 | +6% |
| 43. | Poland | $125,007,000 | +30.9% |
| 44. | Taiwan | $118,028,000 | +11.2% |
| 45. | Lebanon | $108,274,000 | -43.1% |
| 46. | Russia | $99,553,000 | -1.9% |
| 47. | Czech Republic | $97,325,000 | -12.5% |
| 48. | Portugal | $91,330,000 | +32.9% |
| 49. | Aruba | $87,149,000 | +1066% |
| 50. | Slovakia | $86,609,000 | +1002% |
| 51. | Sweden | $70,975,000 | +32.3% |
| 52. | Kuwait | $61,075,000 | -38.1% |
| 53. | New Zealand | $57,545,000 | +123.5% |
| 54. | Greece | $54,398,000 | +15.4% |
| 55. | Brazil | $54,197,000 | +30.7% |
| 56. | Uzbekistan | $43,932,000 | +6.2% |
| 57. | Norway | $32,977,000 | +132.6% |
| 58. | Philippines | $21,611,000 | -17.3% |
| 59. | Latvia | $14,601,000 | +11.2% |
| 60. | Hungary | $14,404,000 | -12.9% |
| 61. | Pakistan | $14,341,000 | +93.4% |
| 62. | Slovenia | $13,997,000 | -19.4% |
| 63. | Sri Lanka | $13,556,000 | -5.3% |
| 64. | Kazakhstan | $12,837,000 | -45.9% |
| 65. | Luxembourg | $12,535,000 | -59.9% |
| 66. | Iran | $12,343,000 | -76.6% |
| 67. | Mauritius | $12,149,000 | -4.4% |
| 68. | Barbados | $11,740,000 | -0.5% |
| 69. | Cyprus | $8,223,000 | -6.2% |
| 70. | Finland | $7,512,000 | +152.1% |
| 71. | Bulgaria | $6,780,000 | -77.8% |
| 72. | Croatia | $6,322,000 | +24.3% |
| 73. | Albania | $6,017,000 | +24% |
| 74. | Lithuania | $5,176,000 | -15.7% |
| 75. | Morocco | $5,047,000 | -47.6% |
| 76. | Malta | $4,721,000 | +13.7% |
| 77. | Montenegro | $4,694,000 | +5.6% |
| 78. | Estonia | $4,579,000 | -0.6% |
| 79. | Egypt | $4,383,000 | -82.1% |
| 80. | Bosnia/Herzegovina | $4,066,000 | +468.7% |
| 81. | Colombia | $4,036,000 | +70.9% |
| 82. | Laos | $3,758,000 | +122.8% |
| 83. | Kyrgyzstan | $3,674,000 | +2061% |
| 84. | Rwanda | $3,010,000 | +300900% |
| 85. | Uruguay | $2,934,000 | +19.7% |
| 86. | Costa Rica | $2,844,000 | +107% |
| 87. | Serbia | $2,613,000 | -8.1% |
| 88. | Ukraine | $1,939,000 | +23.8% |
| 89. | Azerbaijan | $1,684,000 | -13.2% |
| 90. | Tunisia | $1,643,000 | +0.4% |
| 91. | Nepal | $1,640,000 | -9.4% |
| 92. | Chile | $1,414,000 | +10.7% |
| 93. | French Polynesia | $1,340,000 | +349.7% |
| 94. | Myanmar | $1,329,000 | +954.8% |
| 95. | Bangladesh | $1,243,000 | -8.9% |
| 96. | Niger | $937,000 | 0% |
| 97. | Bahamas | $923,000 | +115.7% |
| 98. | Afghanistan | $725,000 | +169.5% |
| 99. | El Salvador | $667,000 | -2.1% |
| 100. | Kenya | $595,000 | +513.4% |
Expanding the scope of our analysis to include the 100 top jewelry exporters, the fastest growers were suppliers in Rwanda (up 300,900% from 2023), Tanzania (up 86,495%), Bolivia (up 2,149%), Kyrgyzstan (up 2,061%) and Aruba (up 1,066%).
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 2023 data was available.
Countries Enjoying Best Jewelry Trade Surpluses
The following countries posted the highest positive net exports for jewelry during 2024. 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.
- Italy: US$13.8 billion (net export surplus up 59.8% since 2023)
- India: $8.9 billion (down -14.2%)
- mainland China: $8.2 billion (down -9.7%)
- Indonesia: $5.2 billion (down -4.4%)
- Switzerland: $4.4 billion (down -0.9%)
- Thailand: $3.1 billion (up 5.4%)
- France: $3 billion (up 28.1%)
- Türkiye: $2.6 billion (down -57.2%)
- Armenia: $840.4 million (up 98.1%)
- Malaysia: $451.5 million (up 40.1%)
- Ireland: $374 million (down -18%)
- Tanzania: $307 million (up 171397.2%)
- Jordan: $272.8 million (down -41.3%)
- Dominican Republic: $229.4 million (down -24.8%)
- Bolivia: $185 million (up 3838.5%)
Italy, India and China generated the highest surpluses in the international trade of jewelry. In turn, this positive cashflow confirms those countries’ competitive advantages for this specific product category.
Countries Suffering Worst Jewelry Trade Deficits
The following countries posted the highest negative net exports for jewelry during 2024. 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.
- United Arab Emirates: -US$11.9 billion (net export deficit up 449% since 2023)
- Hong Kong: -$8.3 billion (down -18.9%)
- United States: -$3.3 billion (up 183.8%)
- Japan: -$2.5 billion (up 105.3%)
- Qatar: -$1.5 billion (up 213.1%)
- Macao: -$1.11 billion (down -43%)
- Saudi Arabia: -$1.1 billion (up 108.9%)
- Canada: -$1.06 billion (down -2.5%)
- Australia: -$1.06 billion (up 6.8%)
- Iraq: -$1 billion (down -62.4%)
- Taiwan: -$1 billion (up 17.4%)
- Mexico: -$908.8 million (up 82.7%)
- Singapore: -$879.8 million (down -34.2%)
- South Korea: -$606.9 million (down -11%)
- Kyrgyzstan: -$480.9 million (up 3,186%)
The UAE, Hong Kong and the United States of America incurred the highest deficits in the international trade of jewelry during 2024. In turn, these negative cashflows highlight these countries’ strong competitive disadvantages 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)
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 June 13, 2025
Investopedia, Net Exports Definition. Accessed on June 13, 2025
International Trade Centre, Trade Map. Accessed on June 13, 2025
Wikipedia, Category:Jewellery companies. Accessed on June 13, 2025