The overall value of jewelry exports grew by 8% for all exporting countries from 5 years earlier in 2019 when jewelry shipments were worth $116.8 billion.
On a year-to-year basis, the value of exported jewelry sold on international markets flatlined via a 1.3% gain compared to $124.5 billion during 2022.
The 5 biggest exporters of jewelry in 2023 were mainland China, Switzerland, India, United States of America and Italy. Together, that cohort of major jewelry suppliers sold around half (50.7%) of globally exported jewelry.
Among continents, suppliers in Asia sold the highest dollar worth of jewelry exported during 2023 with shipments valued at $71.6 billion or 56.7% of the world’s total. In second place were exporters located in Europe at 31.8% while another 10.1% of international jewelry shipments originated from North America.
Tinier percentages came from Latin America (0.8%) 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 2023.
- mainland China: US$14.4 billion (11.4% of total jewelry exports)
- Switzerland: $13.9 billion (11%)
- India: $12.7 billion (10.1%)
- United States: $12.1 billion (9.6%)
- Italy: $11 billion (8.7%)
- Hong Kong: $10.9 billion (8.6%)
- Türkiye: $8.4 billion (6.6%)
- France: $6.8 billion (5.4%)
- Indonesia: $5.5 billion (4.4%)
- United Arab Emirates: $4.5 billion (3.6%)
- Thailand: $4.4 billion (3.5%)
- Singapore: $3.6 billion (2.8%)
- United Kingdom: $3.2 billion (2.5%)
- Germany: $1.8 billion (1.4%)
- Japan: $1.6 billion (1.3%)
By value, the listed 15 countries shipped 90.9% of globally exported jewelry in 2023.
Among the top exporters, the fastest-growing jewelry exporters since 2022 were: Japan (up 49.1%), Indonesia (up 46.2%), United States of America (up 24.7%) and Hong Kong (up 22.7%).
Top suppliers that posted declines in their international sales of jewelry exports were: United Arab Emirates (down -65.9% from 2022), mainland China (down -8%), United Kingdom (down -5.7%) and Germany (down -1.5%).
Searchable List of Jewelry Exporting Countries in 2023
The top 100 largest exporters of jewelry account for 99.99% of the overall value of jewelry sold on international markets during 2023.
| Rank | Exporter | Jewelry Exports | 2022-3 |
|---|---|---|---|
| 1. | mainland China | $14,380,902,000 | -8% |
| 2. | Switzerland | $13,879,933,000 | +10.4% |
| 3. | India | $12,701,400,000 | +3.2% |
| 4. | United States | $12,059,314,000 | +24.7% |
| 5. | Italy | $10,964,493,000 | +13.6% |
| 6. | Hong Kong | $10,875,011,000 | +22.7% |
| 7. | Türkiye | $8,377,913,000 | +2.5% |
| 8. | France | $6,830,153,000 | +12.4% |
| 9. | Indonesia | $5,529,037,000 | +46.2% |
| 10. | United Arab Emirates | $4,483,849,000 | -65.9% |
| 11. | Thailand | $4,449,377,000 | +9.3% |
| 12. | Singapore | $3,584,345,000 | +3.8% |
| 13. | United Kingdom | $3,199,724,000 | -5.7% |
| 14. | Germany | $1,751,089,000 | -1.5% |
| 15. | Japan | $1,594,720,000 | +49.1% |
| 16. | Malaysia | $1,471,348,000 | +8.2% |
| 17. | Ireland | $1,300,725,000 | +21.5% |
| 18. | Jordan | $821,558,000 | +20.6% |
| 19. | Dominican Republic | $646,972,000 | -1.9% |
| 20. | Australia | $514,027,000 | +25.5% |
| 21. | Armenia | $495,453,000 | +354.2% |
| 22. | Spain | $464,420,000 | -36.2% |
| 23. | Netherlands | $445,406,000 | -17.5% |
| 24. | South Korea | $430,052,000 | +29.4% |
| 25. | VietNam | $398,589,000 | +2.6% |
| 26. | Qatar | $394,981,000 | +274.6% |
| 27. | Mexico | $391,800,000 | -9.9% |
| 28. | Belgium | $327,597,000 | +1.5% |
| 29. | Israel | $302,184,000 | -9.2% |
| 30. | Bahrain | $300,161,000 | +17.4% |
| 31. | Canada | $271,348,000 | +6.5% |
| 32. | Oman | $237,539,000 | +1251% |
| 33. | Macao | $236,496,000 | -13.1% |
| 34. | South Africa | $232,692,000 | +13.6% |
| 35. | Saudi Arabia | $160,057,000 | -67.7% |
| 36. | Panama | $154,355,000 | +19.4% |
| 37. | Denmark | $133,472,000 | +0.5% |
| 38. | Lebanon | $121,120,000 | +4.3% |
| 39. | Austria | $118,478,000 | -30.9% |
| 40. | Czech Republic | $111,208,000 | -22.1% |
| 41. | Taiwan | $106,170,000 | +4.5% |
| 42. | Russia | $100,889,000 | +31.7% |
| 43. | Poland | $94,070,000 | +1.2% |
| 44. | Peru | $90,478,000 | +14.5% |
| 45. | Portugal | $68,721,000 | -2.2% |
| 46. | Sweden | $53,638,000 | +27.5% |
| 47. | Greece | $47,121,000 | -15.3% |
| 48. | Brazil | $41,468,000 | +53.8% |
| 49. | Bulgaria | $30,474,000 | -36.8% |
| 50. | Philippines | $26,130,000 | +7% |
| 51. | New Zealand | $25,748,000 | -29.7% |
| 52. | Egypt | $24,424,000 | +853.7% |
| 53. | Kazakhstan | $23,750,000 | +273.5% |
| 54. | Kuwait | $20,223,000 | -72.1% |
| 55. | Slovenia | $18,850,000 | -1.7% |
| 56. | Hungary | $16,532,000 | +41.2% |
| 57. | Sri Lanka | $14,658,000 | +1.8% |
| 58. | Norway | $14,180,000 | -16.9% |
| 59. | Latvia | $13,125,000 | +8.4% |
| 60. | Mauritius | $12,660,000 | +17.2% |
| 61. | Barbados | $11,795,000 | +2.8% |
| 62. | Morocco | $9,628,000 | +6.1% |
| 63. | Luxembourg | $9,616,000 | +55.3% |
| 64. | Cyprus | $8,781,000 | +70.1% |
| 65. | Iran | $8,650,000 | -91.1% |
| 66. | Bolivia | $8,368,000 | -90.4% |
| 67. | Slovakia | $7,847,000 | -36% |
| 68. | Aruba | $7,475,000 | +11.7% |
| 69. | Pakistan | $7,416,000 | -48.1% |
| 70. | Lithuania | $6,137,000 | -36.4% |
| 71. | Croatia | $5,096,000 | +36.6% |
| 72. | Estonia | $4,608,000 | -19.1% |
| 73. | Montenegro | $4,444,000 | +18.4% |
| 74. | Malta | $4,152,000 | -56.6% |
| 75. | British Virgin Is | $3,630,000 | -13.8% |
| 76. | Andorra | $3,027,000 | +29.1% |
| 77. | Albania | $3,001,000 | 0% |
| 78. | Finland | $2,934,000 | -45.3% |
| 79. | Serbia | $2,843,000 | +11.5% |
| 80. | Uruguay | $2,452,000 | +44.7% |
| 81. | Colombia | $2,362,000 | -20% |
| 82. | Curaçao | $2,184,000 | -17.1% |
| 83. | Azerbaijan | $1,939,000 | +183.5% |
| 84. | Nepal | $1,803,000 | -61.2% |
| 85. | Laos | $1,684,000 | -44.7% |
| 86. | Tunisia | $1,637,000 | -4% |
| 87. | Ukraine | $1,566,000 | -86.3% |
| 88. | Costa Rica | $1,374,000 | +19.7% |
| 89. | Chile | $1,277,000 | -32.9% |
| 90. | Bangladesh | $1,121,000 | -11.9% |
| 91. | Bosnia/Herzegovina | $715,000 | -26.5% |
| 92. | US Minor Outlying Is | $708,000 | +59.1% |
| 93. | Guatemala | $695,000 | -36.7% |
| 94. | Zimbabwe | $692,000 | -68.8% |
| 95. | El Salvador | $681,000 | +43.1% |
| 96. | Zambia | $668,000 | +2.1% |
| 97. | Guinea | $648,000 | +32300% |
| 98. | Belize | $629,000 | -37.1% |
| 99. | St Maarten (Dutch) | $460,000 | +53.8% |
| 100. | Antigua/Barbuda | $433,000 | -27.8% |
Expanding the scope of our analysis to include the 100 top jewelry exporters, the fastest growers were suppliers in Guinea (up 32,300% from 2022), Oman (up 1,251%), Egypt (up 853.7%), Armenia (up 354.2%), Qatar (up 274.6%) and Kazakhstan (up 273.5%).
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 2022 data was available.
Countries Enjoying Best Jewelry Trade Surpluses
The following countries posted the highest positive net exports for jewelry during 2023. 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$10.4 billion (net export surplus down -8.6% since 2022)
- mainland China: $9.1 billion (down -20.2%)
- Italy: $8.6 billion (up 12.3%)
- Türkiye: $6 billion (down -14.7%)
- Indonesia: $5.5 billion (up 46.2%)
- Switzerland: $4.5 billion (up 23.5%)
- Thailand: $2.9 billion (up 1.4%)
- France: $2.3 billion (up 20.3%)
- United Kingdom: $649.5 million (down -2.5%)
- Jordan: $464.7 million (up 23.7%)
- Ireland: $456.1 million (up 10.1%)
- Armenia: $424.1 million (up 428.6%)
- Malaysia: $322.3 million (down -14%)
- Dominican Republic: $305.1 million (down -53.8%)
- Vietnam: $233.8 million (down -21.9%)
Highly populated India and China generated the highest surpluses in the international trade of jewelry. In turn, this positive cashflow confirms those countries’ competitive advantages for this specific product category.
Countries Suffering Worst Jewelry Trade Deficits
The following countries posted the highest negative net exports for jewelry during 2023. 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$10.2 billion (net export deficit up 2.2% since 2022)
- United Arab Emirates: -$10.1 billion (reversing a $414.2 million surplus)
- Macao: -$1.9 billion (up 44.5%)
- Qatar: -$1.5 billion (up 136.1%)
- Iraq: -$1.36 billion (down -54.7%)
- Singapore: -$1.34 billion (up 20.1%)
- Japan: -$1.23 billion (down -10.1%)
- United States of America: -$1.17 billion (down -67.2%)
- Canada: -$1.1 billion (down -9.4%)
- Australia: -$988.5 million (down -10.1%)
- Taiwan: -$823 million (up 19.7%)
- South Korea: -$682 million (down -7.6%)
- Saudi Arabia: -$610.4 million (down -40.6%)
- Mexico: -$497.3 million (up 42%)
- Libya: -$393.1 million (up 1.5%)
Hong Kong incurred the highest deficit in the international trade of jewelry during 2023. 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)
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 5, 2024
Investopedia, Net Exports Definition. Accessed on August 5, 2024
International Trade Centre, Trade Map. Accessed on August 5, 2024
Wikipedia, Category:Jewellery companies. Accessed on August 5, 2024