2022
Exports
$695MWorld Rnk 5 / 162
Flag Rnk 124 / 1212
2022
PRODUCT COMPLEXITY IN Precious Stones
-1.14Rnk 866 / 1025
2022
Imports
$990MWorld Rnk 4 / 185
Flag Rnk 103 / 1206
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $695M in Precious Stones, making it the 5th largest exporter of Precious Stones in the world. At the same year, Precious Stones was the 124th most exported product in India. The main destination of Precious Stones exports from India are: United States ($253M), Hong Kong ($140M), Thailand ($88.2M), Italy ($55.6M), and United Arab Emirates ($34.8M).

The fastest growing export markets for Precious Stones of India between 2021 and 2022 were United States ($140M), Thailand ($43.6M), and United Arab Emirates ($21.8M).

Imports In 2022, India imported $990M in Precious Stones, becoming the 4th largest importer of Precious Stones in the world. At the same year, Precious Stones was the 103rd most imported product in India. India imports Precious Stones primarily from: Hong Kong ($483M), Zambia ($147M), Thailand ($108M), United Arab Emirates ($70.3M), and United States ($59M).

The fastest growing import markets in Precious Stones for India between 2021 and 2022 were Hong Kong ($333M), Zambia ($75.9M), and Thailand ($58.7M).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

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

The following visualization shows the latest trends on Precious Stones. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$695M
IMPORTS (2022)$990M
NET TRADE (2022)-$295M

In 2022, India exported $695M in Precious Stones. The main destinations of India exports on Precious Stones were United States ($253M), Hong Kong ($140M), Thailand ($88.2M), Italy ($55.6M), and United Arab Emirates ($34.8M).

In 2022, India imported $990M in Precious Stones, mainly from Hong Kong ($483M), Zambia ($147M), Thailand ($108M), United Arab Emirates ($70.3M), and United States ($59M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Stones EXPORT MARKETS FOR India WERE (2021 - 2022):
United States$140M (124%)
Thailand$43.6M (98%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Stones BY India WERE (2021 - 2022):
Hong Kong-$296M (-67.9%)
Japan-$4.09M (-19.5%)
Russia-$1.39M (-86.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Precious Stones were:
In 2022, India's main importing competitors in Precious Stones were:

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Trade Value of Precious Stones by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $41.7M
TOP IMPORT POTENTIALUnited States+ $27.8M

Precious Stones’s highest export potential is United States. With an export gap of $41.7M.   Precious Stones’s highest import potential is United States with an import gap of $27.8M.

See methodology.

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