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711620 (Harmonized System 1992 for 6-digit)

2022
World Trade $1.61BRnk 1701 / 4648
2022
Top Exporter | Top Importer $365M | $338MChina | United States
2022
Product Complexity -0.65Rnk 3414 / 4653
2021 - 2022
Export Growth (CAGR) 12.4%Rnk 1377 / 4648
2022
Share of World Trade 0.0068%Rnk 1701 / 4648

About

Overview This page contains the latest trade data of Articles of precious, semi-precious, artificial stone. In 2022, Articles of precious, semi-precious, artificial stone were the world's 1701st most traded product, with a total trade of $1.61B. Between 2021 and 2022 the exports of Articles of precious, semi-precious, artificial stone grew by 12.4%, from $1.43B to $1.61B. Trade in Articles of precious, semi-precious, artificial stone represent 0.0068% of total world trade.

Articles of precious, semi-precious, artificial stone are a part of Pearl Products.

Exports In 2022 the top exporters of Articles of precious, semi-precious, artificial stone  were China ($365M), United States ($305M), Thailand ($159M), Vietnam ($99.8M), and Austria ($90.9M).

Imports In 2022 the top importers of Articles of precious, semi-precious, artificial stone were United States ($338M), Switzerland ($131M), Hong Kong ($126M), China ($126M), and Austria ($80.9M).

Ranking Articles of precious, semi-precious, artificial stone ranks 3414th in the Product Complexity Index (PCI).

Description Semi-precious stones are stones that are not worth as much as precious stones but are still expensive. They are used as jewelry because they are beautiful and often have a specific color. They are also used in buildings because they are durable.

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Articles of precious, semi-precious, artificial stone. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)China$365M
Top Destination (2022)United States$338M

In 2022 Articles of precious, semi-precious, artificial stone were the world's 1701st most traded product (out of 4,648).

In 2022, the top exporters of Articles of precious, semi-precious, artificial stone were China ($365M), United States ($305M), Thailand ($159M), Vietnam ($99.8M), and Austria ($90.9M).

In 2022, the top importers of Articles of precious, semi-precious, artificial stone were United States ($338M), Switzerland ($131M), Hong Kong ($126M), China ($126M), and Austria ($80.9M).

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Exporters of Articles of precious, semi-precious, artificial stone (2022)
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Importers of Articles of precious, semi-precious, artificial stone (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Vietnam$49.4M
Top Destination Growth (2021 -  2022)United States$68.6M

Between 2021 and 2022, the exports of Articles of precious, semi-precious, artificial stone grew the fastest in Vietnam ($49.4M), United States ($44.3M), China ($31.8M), Thailand ($18.3M), and Burma ($12.9M).

Between 2021 and 2022, the fastest growing importers of Articles of precious, semi-precious, artificial stone were United States ($68.6M), Saint Martin ($35.8M), Singapore ($33.6M), Austria ($28.7M), and Switzerland ($24.1M).

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Exporters of Articles of precious, semi-precious, artificial stone (2021 - 2022)

Importers of Articles of precious, semi-precious, artificial stone (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Articles of precious, semi-precious, artificial stone.

In 2022, market concentration measured using Shannon Entropy, was 3.95. This means that most of the exports of Articles of precious, semi-precious, artificial stone are explained by 15 countries.

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Value of Exports in Articles of precious, semi-precious, artificial stone

Net Trade

TOP NET EXPORTER (2022)China$240M
TOP NET IMPORTER (2022)Switzerland$93.8M

This map shows which countries export or import more of Articles of precious, semi-precious, artificial stone. Each country is colored based on the difference in exports and imports of Articles of precious, semi-precious, artificial stone during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Articles of precious, semi-precious, artificial stone were China ($240M), Thailand ($151M), Vietnam ($90.4M), Ireland ($42.3M), and India ($41.3M).

In 2022, the countries that had a largest trade value in imports than in exports of Articles of precious, semi-precious, artificial stone were Switzerland ($93.8M), Hong Kong ($52.4M), Singapore ($47.8M), Canada ($41.4M), and Mexico ($39.4M).

Net Trade (2022)

Country Comparison

Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Articles of precious, semi-precious, artificial stone.
It is possible to select the main countries that export or import Articles of precious, semi-precious, artificial stone in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Articles of precious, semi-precious, artificial stone by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2022)

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