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![]() ![]() Jewelry Exporting Companiesīelow are jewelry companies that represent players in the worldwide jewelry market trade. 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. ![]() Hong Kong incurred the highest deficit in the international trade of jewelry during 2022. United States of America: -$3.6 billion (down -47.8%).United Arab Emirates: -$7 billion (up 3753.8%).Hong Kong: -US$10 billion (net export deficit up 20.2% since 2021).Thus, the statistics below present the deficit between the value of each country’s jewelry import purchases and its exports for that same commodity. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. The following countries posted the highest negative net exports for jewelry during 2022. Countries Suffering Worst Jewelry Trade Deficits In turn, this positive cashflow confirms those countries’ competitive advantage for this specific product category. South Africa: $161.2 million (up 18.7%)Ĭhina and India generated the highest surpluses in the international trade of jewelry.Dominican Republic: $659.7 million (reversing a -$27.8 million deficit). ![]() mainland China: US$11.4 billion (net export surplus up 30% since 2021).Thus, the statistics below present the surplus between the value of each country’s jewelry exports and its import purchases for that same commodity. The following countries posted the highest positive net exports for jewelry during 2022. Countries Enjoying Best Jewelry Trade Surpluses United Arab Emirates: $3.6 billion (3.2%)īy value, the listed 15 countries shipped 91.4% of global jewelry exported in 2022.Īmong the top exporters, the fastest-growing jewelry exporters since 2021 were: Indonesia (up 47.8%), United States (up 33.4%), Malaysia (up 25.6%) and Thailand (up 21.6%).Ī pair of major suppliers posted declines in their international sales of jewelry exports, namely: United Arab Emirates (down -63.3% from 2021) and Hong Kong (down -4.5%).China: US$15.6 billion (13.7% of total jewelry exports).Tinier percentages came from Latin America (0.9%) excluding Mexico plus the Caribbean, Oceania (0.4%) led by Australia and New Zealand, and Africa (0.2%).įor research purposes, the 4-digit Harmonized Tariff System code prefix for jewelry is 7113.īelow are the 15 countries that exported the highest dollar value worth of jewelry during 2022. ![]() In second place were European exporters at 32.4% while another 9.1% of international jewelry shipments originated from North America. Together, that cohort of major jewelry suppliers sold over half (52.4%) of globally exported jewelry.Īmong continents, countries in Asia sold the highest dollar worth of jewelry exported during 2022 with shipments valued at $65.1 billion or 57% of the world’s total. The 5 biggest exporters of jewelry in 2022 were mainland China, Switzerland, India, United States of America and Italy. On a year-to-year basis, the value of exported jewelry sold on international markets increased by 6.8% compared to $106.9 billion during 2021. The overall value of jewelry exports grew by an average 3.2% for all exporting countries since 2018 when jewelry shipments were worth $110.7 billion. Jewelry exportsGlobal sales for jewelry exported by all countries in 2022 totaled US$114.2 billion. ![]()
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