Overall, the value of jewelry exports fell by an average -34.2% for all exporting countries since 2016 when jewelry shipments were worth $105.1 billion. From 2019 to 2020, the value of jewelry sold on international markets dropped by -40.1%.
The 5 biggest exporters of jewelry (Switzerland, China, India, Hong Kong, United States) generated over half (51.2%) of worldwide jewelry exports in 2020.
Among continents, countries in Asia sold the highest dollar worth of jewelry exported during 2020 with shipments valued at $37.6 billion or 54.4% of the worldwide total. In second place were European exporters at 35.4% while 8.3% of international jewelry shipments originated from North America.
Smaller percentages came from Latin America (0.9%) excluding Mexico plus the Caribbean, Oceania (0.6%) 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 2020.
- Switzerland: US$8.1 billion (11.7% of total jewelry exports)
- China: $8 billion (11.5%)
- India: $7.7 billion (11.1%)
- Hong Kong: $6.3 billion (9.1%)
- United States: $5.3 billion (7.7%)
- Italy: $5.3 billion (7.6%)
- France: $4.4 billion (6.3%)
- Turkey: $3.6 billion (5.2%)
- United Arab Emirates: $3.5 billion (5%)
- United Kingdom: $3.3 billion (4.8%)
- Thailand: $2.6 billion (3.7%)
- Singapore: $1.8 billion (2.5%)
- Indonesia: $1.4 billion (2.1%)
- Germany: $1.4 billion (2%)
- Malaysia: $750.6 million (1.1%)
The listed 15 countries shipped 91.5% of global jewelry exported in 2020 by value.
Those countries that posted declines in their international sales of jewelry exports were led by: United Arab Emirates (down -78.9%), United Kingdom (down -49.8%), Malaysia (down -48%), India (down -43.5%), United States (down -42%) and mainland China (down -39.9%).
Advantages
The following countries posted the highest positive net exports for jewelry during 2020. 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$7.3 billion (net export surplus down -43.5% since 2019)
- China: $4.3 billion (down -60.5%)
- Italy: $4.1 billion (down -23.4%)
- Turkey: $2.8 billion (down -19%)
- Thailand: $2 billion (down -25.1%)
- Indonesia: $1.4 billion (down -25%)
- France: $1.1 billion (down -17.3%)
- United Kingdom: $905.8 million (down -54.6%)
- Malaysia: $362.5 million (down -60.4%)
- Vietnam: $225.8 million (down -30.3%)
- Switzerland: $209.5 million (reversing a -$4.8 billion deficit)
- Ireland: $205.5 million (reversing a -$67.4 million deficit)
- Bolivia: $128.8 million (down -2.8%)
- Lebanon: $100 million (reversing a -$19.6 million deficit)
- South Africa: $97.4 million (down -5.4%)
Indian 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.
Opportunities
The following countries posted the highest negative net exports for jewelry during 2020. 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$5 billion (net export deficit down -13.5% since 2019)
- United States: -$2.4 billion (down -753%)
- United Arab Emirates: -$2.3 billion (down -248%)
- Japan: -$1.1 billion (up 21%)
- Iraq: -$882.5 million (down -64.7%)
- Canada: -$668.1 million (up 1.7%)
- Macao: -$542 million (down -46.3%)
- Australia: -$533.5 million (down -8.6%)
- Saudi Arabia: -$454.6 million (down -56%)
- Singapore: -$384.6 million (down -32.6%)
- South Korea: -$378.2 million (down -7.2%)
- Taiwan: -$346.2 million (down -26.8%)
- Qatar: -$274.3 million (up 81.3%)
- Germany: -$170 million (reversing a $34.6 million surplus)
- Russia: -$167 million (down -26.7%)
Hong Kong incurred the highest deficit in the international trade of jewelry during 2020. In turn, this negative cashflow highlights Hong Kong’s strong competitive disadvantage for this specific product category but also signals opportunities for jewelry-supplying countries that help satisfy powerful consumer demand.
Companies
Jewelry Exporting Companies
Below are jewelry companies that represent players in the worldwide jewelry market trade. Shown within parenthesis is the country where the company is based.
- Amrapali Jewels (India)
- Buckley Jewellery Ltd (United Kingdom)
- Curtis Australia (Australia)
- F. Hinds (United Kingdom)
- Fuqi International (China)
- Gili Jewellery (India)
- House of Chaumet (France)
- Joyalukkas (India)
- Links of London (United Kingdom)
- Liquidation Channel (United States)
- Napier Company (United States)
- ORRA Jewellery (India)
- Qeelin (Hong Kong)
- Shree Ganesh Jewellery House (India)
- Tacori (United States)
- The Giving Keys (United States)
- The Jewellery Channel (United Kingdom)
- Vaibhav Global (India)
- WonderLuk (United Kingdom)
Searchable List of Jewelry Exporting Countries in 2020
The top 100 largest exporters of jewelry account for 99.99% of the overall value of jewelry sold on international markets during 2020.
| Rank | Exporter | Jewelry Exports (US$) | 2019-20 |
|---|---|---|---|
| 1. | Switzerland | $8,105,029,000 | -30.5% |
| 2. | China | $7,985,962,000 | -39.9% |
| 3. | India | $7,657,647,000 | -43.5% |
| 4. | Hong Kong | $6,327,658,000 | -19.4% |
| 5. | United States | $5,333,123,000 | -42% |
| 6. | Italy | $5,257,179,000 | -27.3% |
| 7. | France | $4,363,437,000 | -33.8% |
| 8. | Turkey | $3,573,641,000 | -30% |
| 9. | United Arab Emirates | $3,468,681,000 | -78.9% |
| 10. | United Kingdom | $3,328,180,000 | -49.8% |
| 11. | Thailand | $2,588,236,000 | -29.6% |
| 12. | Singapore | $1,756,470,000 | -28.4% |
| 13. | Indonesia | $1,447,600,000 | -25.1% |
| 14. | Germany | $1,374,385,000 | -16.6% |
| 15. | Malaysia | $750,611,000 | -48% |
| 16. | Ireland | $715,501,000 | +566.1% |
| 17. | Japan | $423,094,000 | -60.6% |
| 18. | Dominican Republic | $367,175,000 | -14.4% |
| 19. | Australia | $365,573,000 | -11.3% |
| 20. | Spain | $344,363,000 | -18.5% |
| 21. | Netherlands | $290,331,000 | +111.1% |
| 22. | Vietnam | $277,583,000 | -25.8% |
| 23. | Mexico | $248,815,000 | -17.7% |
| 24. | Israel | $209,423,000 | -3.3% |
| 25. | South Korea | $203,883,000 | +14.2% |
| 26. | Macao | $183,704,000 | +41.3% |
| 27. | Canada | $168,380,000 | -47.1% |
| 28. | Saudi Arabia | $148,049,000 | +378.7% |
| 29. | Belgium | $138,025,000 | -12.7% |
| 30. | Bolivia | $130,716,000 | -4.5% |
| 31. | Lebanon | $126,447,000 | +91.5% |
| 32. | South Africa | $119,070,000 | -15.1% |
| 33. | Qatar | $94,964,000 | -64.1% |
| 34. | Russia | $90,084,000 | -7% |
| 35. | Taiwan | $87,915,000 | -10.8% |
| 36. | Denmark | $86,551,000 | +8.5% |
| 37. | Zimbabwe | $84,637,000 | -47.3% |
| 38. | Austria | $77,855,000 | -4.7% |
| 39. | Poland | $72,717,000 | +0.1% |
| 40. | Oman | $67,320,000 | -73.5% |
| 41. | Peru | $64,228,000 | -37.9% |
| 42. | Jordan | $60,600,000 | +32.7% |
| 43. | Czech Republic | $59,141,000 | -20.7% |
| 44. | Kazakhstan | $53,748,000 | -35% |
| 45. | Nicaragua | $43,159,000 | +12.9% |
| 46. | Portugal | $37,788,000 | -30% |
| 47. | Sweden | $36,610,000 | +24.2% |
| 48. | Bulgaria | $34,651,000 | +64.4% |
| 49. | Iran | $31,913,000 | +257.6% |
| 50. | Greece | $29,294,000 | -41.5% |
| 51. | Armenia | $28,266,000 | -33.6% |
| 52. | New Zealand | $24,798,000 | -6.5% |
| 53. | Bahrain | $23,841,000 | -85.3% |
| 54. | Brazil | $16,730,000 | -49.4% |
| 55. | Philippines | $15,266,000 | -39.7% |
| 56. | Kuwait | $14,394,000 | -80.2% |
| 57. | Panama | $9,716,000 | +43.6% |
| 58. | Hungary | $8,527,000 | -7.6% |
| 59. | Luxembourg | $8,351,000 | -25.1% |
| 60. | Iraq | $7,374,000 | -18% |
| 61. | Norway | $7,255,000 | +4% |
| 62. | Lithuania | $7,245,000 | -8.5% |
| 63. | Estonia | $7,037,000 | -29.9% |
| 64. | Mauritius | $6,918,000 | -21.2% |
| 65. | Sri Lanka | $6,860,000 | -36.8% |
| 66. | Montenegro | $6,645,000 | +56.7% |
| 67. | Aruba | $6,533,000 | -21.9% |
| 68. | Slovenia | $6,445,000 | -0.7% |
| 69. | Latvia | $6,308,000 | -11% |
| 70. | Slovakia | $4,571,000 | +43.6% |
| 71. | Finland | $4,442,000 | -0.5% |
| 72. | Pakistan | $4,113,000 | +0.5% |
| 73. | Morocco | $3,925,000 | -29.1% |
| 74. | Malta | $3,542,000 | -70.8% |
| 75. | US Minor Outlying Is. | $3,513,000 | +351.5% |
| 76. | Colombia | $3,155,000 | -19.3% |
| 77. | Barbados | $3,029,000 | -83.6% |
| 78. | Uzbekistan | $2,701,000 | -22.8% |
| 79. | Ukraine | $2,301,000 | -17.2% |
| 80. | Croatia | $2,279,000 | -36.6% |
| 81. | Egypt | $2,168,000 | 0% |
| 82. | Nepal | $1,922,000 | -51.8% |
| 83. | Serbia | $1,903,000 | -27.8% |
| 84. | Uruguay | $1,883,000 | +382.8% |
| 85. | Cyprus | $1,543,000 | -68.7% |
| 86. | Laos | $1,518,000 | -39.9% |
| 87. | Guatemala | $1,448,000 | +93.1% |
| 88. | Tunisia | $1,124,000 | -12.7% |
| 89. | Bosnia/Herzegovina | $993,000 | +31.5% |
| 90. | Belarus | $956,000 | 0% |
| 91. | Libya | $827,000 | -81.5% |
| 92. | Costa Rica | $812,000 | +133.3% |
| 93. | Chile | $762,000 | -26.9% |
| 94. | Tokelau | $714,000 | +115.7% |
| 95. | Belize | $588,000 | -74.3% |
| 96. | Kyrgyzstan | $552,000 | +131.9% |
| 97. | British Virgin Is | $528,000 | -90.8% |
| 98. | Curaçao | $484,000 | -60.2% |
| 99. | El Salvador | $370,000 | -19.9% |
| 100. | Tanzania | $360,000 | -70.9% |
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 2019 data was available.
See also Best Global Consumer Markets for Selling Imported Jewelry, Gold Exports by Country, Hearing Aids Importers by Country and Silver Exports by Country
Research Sources:
Central Intelligence Agency, The World Factbook Field Listing: Imports – Commodities. Accessed on July 17, 2021
Investopedia, Net Exports Definition. Accessed on July 17, 2021
International Trade Centre, Trade Map. Accessed on July 17, 2021
Wikipedia, Category:Jewellery companies. Accessed on May 28, 2020
