The overall value of jewelry exports grew by an average 3.2% for all exporting countries since 2018 when jewelry shipments were worth $110.7 billion.
On a year-to-year basis, the value of exported jewelry sold on international markets increased by 6.8% compared to $106.9 billion during 2021.
The 5 biggest exporters of jewelry in 2022 were mainland China, Switzerland, India, United States of America and Italy. Together, that cohort of major jewelry suppliers sold over half (52.4%) of globally exported jewelry.
Among continents, countries in Asia sold the highest dollar worth of jewelry exported during 2022 with shipments valued at $65.1 billion or 57% of the world’s total. In second place were European exporters at 32.4% while another 9.1% of international jewelry shipments originated from North America.
Tinier percentages came from Latin America (0.9%) excluding Mexico plus the Caribbean, Oceania (0.4%) 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 2022.
- China: US$15.6 billion (13.7% of total jewelry exports)
- Switzerland: $12.6 billion (11%)
- India: $12.3 billion (10.8%)
- United States: $9.7 billion (8.5%)
- Italy: $9.6 billion (8.4%)
- Hong Kong: $8.9 billion (7.8%)
- Türkiye: $8.2 billion (7.2%)
- France: $6 billion (5.3%)
- Thailand: $4.1 billion (3.6%)
- Indonesia: $3.8 billion (3.3%)
- United Arab Emirates: $3.6 billion (3.2%)
- Singapore: $3.5 billion (3%)
- United Kingdom: $3.4 billion (3%)
- Germany: $1.8 billion (1.6%)
- Malaysia: $1.4 billion (1.2%)
By value, the listed 15 countries shipped 91.4% of global jewelry exported in 2022.
Among the top exporters, the fastest-growing jewelry exporters since 2021 were: Indonesia (up 47.8%), United States (up 33.4%), Malaysia (up 25.6%) and Thailand (up 21.6%).
A pair of major suppliers posted declines in their international sales of jewelry exports, namely: United Arab Emirates (down -63.3% from 2021) and Hong Kong (down -4.5%).
Countries Enjoying Best Jewelry Trade Surpluses
The following countries posted the highest positive net exports for jewelry during 2022. 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.
- mainland China: US$11.4 billion (net export surplus up 30% since 2021)
- India: $11.3 billion (up 13.7%)
- Italy: $7.7 billion (up 11.6%)
- Türkiye: $7 billion (up 16.2%)
- Indonesia: $3.8 billion (up 48%)
- Switzerland: $3.6 billion (up 19.1%)
- Thailand: $2.9 billion (up 9.8%)
- France: $2 billion (up 20.3%)
- United Kingdom: $666.2 million (up 220.5%)
- Dominican Republic: $659.7 million (reversing a -$27.8 million deficit)
- Ireland: $418.3 million (up 6.2%)
- Malaysia: $374.7 million (down -21.2%)
- Vietnam: $219.8 million (down -22%)
- South Africa: $161.2 million (up 18.7%)
- Bolivia: $84 million (down -58.2%)
China and India 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 2022. 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$10 billion (net export deficit up 20.2% since 2021)
- United Arab Emirates: -$7 billion (up 3753.8%)
- United States of America: -$3.6 billion (down -47.8%)
- Iraq: -$1.7 billion (down -21.9%)
- Japan: -$1.4 billion (up 23.9%)
- Macao: -$1.3 billion (down -10.4%)
- Canada: -$1.2 billion (up 19%)
- Singapore: -$1.11 billion (up 429.4%)
- Australia: -$1.1 billion (up 40%)
- South Korea: -$738.4 million (up 25.3%)
- Taiwan: -$687.3 million (up 24.1%)
- Saudi Arabia: -$654.5 million (down -53%)
- Qatar: -$639.1 million (up 8.1%)
- Libya: -$384.7 million (down -8.6%)
- Mexico: -$350.3 million (up 217%)
Hong Kong incurred the highest deficit in the international trade of jewelry during 2022. 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 2022
The top 100 largest exporters of jewelry account for 99.99% of the overall value of jewelry sold on international markets during 2022.
| Rank | Exporter | Jewelry Exports | 2021-2 |
|---|---|---|---|
| 1. | China | $15,623,509,000 | +7.9% |
| 2. | Switzerland | $12,574,593,000 | +10.1% |
| 3. | India | $12,306,262,000 | +16.6% |
| 4. | United States | $9,673,650,000 | +33.4% |
| 5. | Italy | $9,621,439,000 | +6.9% |
| 6. | Hong Kong | $8,865,353,000 | -4.5% |
| 7. | Türkiye | $8,169,939,000 | +20% |
| 8. | France | $6,008,501,000 | +16.4% |
| 9. | Thailand | $4,070,332,000 | +21.6% |
| 10. | Indonesia | $3,782,695,000 | +47.8% |
| 11. | United Arab Emirates | $3,643,184,000 | -63.3% |
| 12. | Singapore | $3,451,794,000 | +19.4% |
| 13. | United Kingdom | $3,393,875,000 | +19.1% |
| 14. | Germany | $1,771,557,000 | +6.5% |
| 15. | Malaysia | $1,359,451,000 | +25.6% |
| 16. | Japan | $1,069,816,000 | +25.5% |
| 17. | Ireland | $1,066,073,000 | -4.7% |
| 18. | Spain | $727,448,000 | +50% |
| 19. | Dominican Republic | $659,739,000 | +9.3% |
| 20. | Netherlands | $542,564,000 | +133.1% |
| 21. | Mexico | $434,854,000 | -3.6% |
| 22. | Australia | $409,427,000 | -12.2% |
| 23. | Vietnam | $378,350,000 | +8.2% |
| 24. | Israel | $332,862,000 | +9.2% |
| 25. | South Korea | $332,440,000 | -6% |
| 26. | Belgium | $322,894,000 | -5.3% |
| 27. | Macao | $272,037,000 | +15.1% |
| 28. | Bahrain | $255,631,000 | +72.3% |
| 29. | Canada | $254,642,000 | +14.7% |
| 30. | Jordan | $210,974,000 | +14.5% |
| 31. | South Africa | $204,822,000 | +17.8% |
| 32. | Saudi Arabia | $185,510,000 | +346.3% |
| 33. | Lebanon | $172,169,000 | +23.2% |
| 34. | Austria | $171,796,000 | +88.6% |
| 35. | Oman | $152,123,000 | +983.4% |
| 36. | Czech Republic | $143,353,000 | +91.1% |
| 37. | Denmark | $133,666,000 | +25.8% |
| 38. | Panama | $129,277,000 | +33.4% |
| 39. | Armenia | $109,090,000 | +45.2% |
| 40. | Qatar | $105,428,000 | +22% |
| 41. | Taiwan | $101,595,000 | +1.1% |
| 42. | Poland | $92,969,000 | +6.5% |
| 43. | Bolivia | $87,543,000 | -57.2% |
| 44. | Peru | $79,006,000 | -25.1% |
| 45. | Russia | $73,764,000 | -48.3% |
| 46. | Portugal | $69,029,000 | +33.8% |
| 47. | Greece | $55,607,000 | +44.1% |
| 48. | Bulgaria | $48,250,000 | +54.2% |
| 49. | Sweden | $42,096,000 | +2.2% |
| 50. | New Zealand | $36,623,000 | +31.3% |
| 51. | Nicaragua | $32,697,000 | -43% |
| 52. | Kuwait | $28,983,000 | -7.1% |
| 53. | Brazil | $26,969,000 | +10.4% |
| 54. | Philippines | $24,425,000 | +18.3% |
| 55. | Slovenia | $19,185,000 | +89.4% |
| 56. | Norway | $17,068,000 | +19% |
| 57. | Luxembourg | $15,964,000 | +41.5% |
| 58. | Sri Lanka | $14,400,000 | +2.3% |
| 59. | Pakistan | $14,283,000 | +126.4% |
| 60. | Slovakia | $12,218,000 | +13.7% |
| 61. | Latvia | $12,104,000 | +75.6% |
| 62. | Hungary | $11,517,000 | +33.9% |
| 63. | Barbados | $11,475,000 | +31.3% |
| 64. | Ukraine | $11,418,000 | +93.9% |
| 65. | Mauritius | $10,803,000 | +7% |
| 66. | Lithuania | $9,643,000 | +23.5% |
| 67. | Malta | $9,569,000 | 0% |
| 68. | Morocco | $9,071,000 | +12.8% |
| 69. | Iran | $7,014,000 | -94.7% |
| 70. | Aruba | $6,692,000 | +9.7% |
| 71. | Kazakhstan | $6,359,000 | -74.9% |
| 72. | Estonia | $5,697,000 | +9.7% |
| 73. | Guyana | $5,575,000 | +557400% |
| 74. | Cyprus | $5,163,000 | +18.7% |
| 75. | Nepal | $4,644,000 | -43.4% |
| 76. | British Virgin Islands | $4,213,000 | +3501% |
| 77. | Montenegro | $3,753,000 | +509.3% |
| 78. | Croatia | $3,730,000 | +30.6% |
| 79. | Laos | $3,045,000 | +35.2% |
| 80. | Laos | $3,045,000 | +35.2% |
| 81. | Colombia | $2,839,000 | -30.2% |
| 82. | Curaçao | $2,633,000 | +1184% |
| 83. | Serbia | $2,549,000 | +4.2% |
| 84. | Andorra | $2,345,000 | +11.7% |
| 85. | Egypt | $2,209,000 | -77.1% |
| 86. | Finland | $2,196,000 | -49.8% |
| 87. | Libya | $2,191,000 | +162.4% |
| 88. | Chile | $1,904,000 | +23.9% |
| 89. | Jamaica | $1,861,000 | +975.7% |
| 90. | Uruguay | $1,695,000 | +863.1% |
| 91. | Tunisia | $1,614,000 | +4.4% |
| 92. | Uzbekistan | $1,329,000 | -78.2% |
| 93. | Iraq | $1,269,000 | -76.8% |
| 94. | Costa Rica | $1,148,000 | -17.5% |
| 95. | Guatemala | $1,098,000 | -39.8% |
| 96. | Belize | $1,000,000 | +443.5% |
| 97. | Bahamas | $998,000 | -83.3% |
| 98. | Bosnia/Herzegovina | $973,000 | -35.3% |
| 99. | Bangladesh | $823,000 | +184.8% |
| 100. | Senegal | $770,000 | +219.5% |
Expanding the scope of our analysis to include the 100 top jewelry exporters, the fastest growers were suppliers in Guyana (up 557,400% from 2021), British Virgin Islands (up 3,501%), Curaçao (up 1,184%), Oman (up 983.4%), Jamaica (up 975.7%) and Uruguay (up 863.1%).
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 2021 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 August 4, 2023
Investopedia, Net Exports Definition. Accessed on August 4, 2023
International Trade Centre, Trade Map. Accessed on August 4, 2023
Wikipedia, Category:Jewellery companies. Accessed on August 4, 2023
