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2022
Exports $197MWorld Rnk 15 / 162
Flag Rnk 276 / 1216
2022
Destination $53.5M United States
2021 - 2022
FASTEST GROWING MARKET $53.5MUnited States
2022
PRODUCT COMPLEXITY IN Precious Stones-1.14Rnk 866 / 1025
2022
Imports $275MWorld Rnk 10 / 185
Flag Rnk 381 / 1214
2022
Origin $24.3M United States
2021 - 2022
FASTEST GROWING ORIGIN $24.3MUnited Kingdom
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $197M in Precious Stones, making it the 15th largest exporter of Precious Stones in the world. At the same year, Precious Stones was the 276th most exported product in United Kingdom. The main destination of Precious Stones exports from United Kingdom are: United States ($59.1M), United Kingdom ($41.7M), Switzerland ($23.1M), Hong Kong ($22.3M), and Thailand ($11M).

The fastest growing export markets for Precious Stones of United Kingdom between 2021 and 2022 were United States ($53.5M), United Kingdom ($24.3M), and Switzerland ($7.93M).

Imports In 2022, United Kingdom imported $275M in Precious Stones, becoming the 10th largest importer of Precious Stones in the world. At the same year, Precious Stones was the 381st most imported product in United Kingdom. United Kingdom imports Precious Stones primarily from: United States ($91.9M), United Kingdom ($41.7M), Switzerland ($38.5M), Thailand ($28.9M), and Germany ($13.1M).

The fastest growing import markets in Precious Stones for United Kingdom between 2021 and 2022 were United Kingdom ($24.3M), United States ($20.2M), and Switzerland ($14.4M).

COMPANIES In 2023, leading companies such as Amazon (1) were at the forefront of shipping Precious Stones from United Kingdom to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United Kingdom's Precious Stones exports accounted up to £12.3M and imports accounted up to £18.6M, resulting in a negative trade balance of £6.27M. Between June 2023 and June 2024 the exports of United Kingdom's   Precious Stones have increased by £4.84M (65%) from £7.45M to £12.3M, while imports increased by £158k (0.86%) from £18.4M to £18.6M.

Destinations In June 2024, Precious Stones were exported mostly to Switzerland (£4.69M), France (£2.15M), United States (£1.63M), Hong Kong (£955k), and Thailand (£836k), and were imported mostly from Switzerland (£7.84M), United States (£4.68M), Hong Kong (£3.02M), Thailand (£1.02M), and Israel (£569k).

Growth In June 2024, the increase in Precious Stones's year-by-year exports was explained primarily by an increase in exports to United Arab Emirates (£1.91M or 87.1%), Hong Kong (£207k or 554%), and France (£181k or 1.28k%). In June 2024, the increase in Precious Stones's year-by-year imports was explained primarily by an increase in imports from France (£1.41M or 3.3k%), Switzerland (£35.2k or 2.29%), and Spain (£3.65k or 296%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)£4.84M(65%)
IMPORT GROWTH (June 2023 - June 2024)£158k(0.86%)
MAIN EXPORTER (June 2024)London Heathrow Airport£15.5M
MAIN DESTINATION (June 2024)Switzerland£4.69M

This section shows Precious Stones's exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Precious Stones over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$197M
IMPORTS (2022)$275M
NET TRADE (2022)-$78.8M

In 2022, United Kingdom exported $197M in Precious Stones. The main destinations of United Kingdom exports on Precious Stones were United States ($59.1M), United Kingdom ($41.7M), Switzerland ($23.1M), Hong Kong ($22.3M), and Thailand ($11M).

In 2022, United Kingdom imported $275M in Precious Stones, mainly from United States ($91.9M), United Kingdom ($41.7M), Switzerland ($38.5M), Thailand ($28.9M), and Germany ($13.1M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Stones EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
United States$53.5M (947%)
United Kingdom$24.3M (140%)
Switzerland$7.93M (52.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Stones BY United Kingdom WERE (2021 - 2022):
Italy-$3.52M (-65.5%)
Guam-$3.33M (-100%)
Germany-$1.16M (-26.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Precious Stones were:
Burma $4.13B
Thailand $1.37B
United States $1.37B
In 2022, United Kingdom's main importing competitors in Precious Stones were:
China $4.35B
United States $1.68B
Hong Kong $1.32B

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Trade Value of Precious Stones by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $5.19M
TOP IMPORT POTENTIALIndia+ $6.57M

Precious Stones’s highest export potential is France. With an export gap of $5.19M.   Precious Stones’s highest import potential is India with an import gap of $6.57M.

See methodology.

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