Global Jewelry Exports by Country in 2023 - Tendata

tendata blogExport News

ten data blog2024-09-13

In 2023, the total value of jewelry exports worldwide amounted to $126.1 billion. This represents an 8% increase over the past five years, with the total value of jewelry exports in 2019 standing at $116.8 billion. On a year-over-year basis, jewelry exports saw a modest rise of 1.3%, compared to $124.5 billion in 2022.


The 5 leading jewelry-exporting nations in 2023 were mainland China, Switzerland, India, the United States, and Italy. Collectively, these countries were responsible for approximately 50.7% of global jewelry exports.


From a regional perspective, Asia led the way in jewelry exports, accounting for $71.6 billion, or 56.7% of the global total. Europe followed with 31.8%, while North American suppliers contributed 10.1%. Smaller portions of global jewelry shipments came from Latin America (0.8%), Oceania (0.4%), and Africa (0.2%).


For research purposes, the Harmonized Tariff System (HTS) code prefix for jewelry is 7113.


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Top Jewelry Exporting Countries in 2023

Here are the top 15 countries by jewelry export value in 2023:

1. Mainland China: $14.4 billion (11.4% of total exports)

2. Switzerland: $13.9 billion (11%)

3. India: $12.7 billion (10.1%)

4. United States: $12.1 billion (9.6%)

5. Italy: $11 billion (8.7%)

6. Hong Kong: $10.9 billion (8.6%)

7. Türkiye: $8.4 billion (6.6%)

8. France: $6.8 billion (5.4%)

9. Indonesia: $5.5 billion (4.4%)

10. United Arab Emirates: $4.5 billion (3.6%)

11. Thailand: $4.4 billion (3.5%)

12. Singapore: $3.6 billion (2.8%)

13. United Kingdom: $3.2 billion (2.5%)

14. Germany: $1.8 billion (1.4%)

15. Japan: $1.6 billion (1.3%)

These 15 countries accounted for 90.9% of the total global jewelry exports in 2023.


Among the fastest-growing jewelry exporters, Japan saw the most significant increase with a 49.1% rise in exports compared to 2022. Indonesia followed with a 46.2% increase, while the United States and Hong Kong experienced growth of 24.7% and 22.7%, respectively. However, some countries faced declines in their jewelry export sales, most notably the United Arab Emirates, which saw a sharp drop of -65.9%. Mainland China (-8%), the United Kingdom (-5.7%), and Germany (-1.5%) also reported decreases in their jewelry exports.


Leading Jewelry Exporting Companies

Based on data from Tendata, the following companies were key players in the global jewelry market in 2023:

1. ORO İSTANBUL ALTIN VE GÜMÜŞ SANAYİ TİCARET LİMİTED ŞİRKETİ: 3.43%, $132.67 million

2. PT KING HALIM JEWELRY: 3.15%, $121.85 million

3. LC WAİKİKİ MAĞAZACILIK HİZMETLERİ TİCARET ANONİM ŞİRKETİ: 1.74%, $67.24 million

4. LC WAİKİKİ DIŞ TİCARET ANONİM ŞİRKETİ: 1.57%, $60.49 million

5. CÔNG TY CỔ PHẦN TẬP ĐOÀN VÀNG BẠC ĐÁ QUÝ DOJI: 1.5%, $57.99 million

6. PT GEMOPIA INDONESIA: 1.45%, $55.85 million

7. CÔNG TY TRÁCH NHIỆM HỮU HẠN JEWELRY KHAN: 1.44%, $55.68 million

8. CÔNG TY TNHH D I: 1.24%, $47.93 million

9. MİRABİLİS GROUP DIŞ TİCARET ANONİM ŞİRKETİ: 1.09%, $42.01 million

10. PT LOTUS LINGGA PRATAMA: 1.05%, $40.73 million

This data highlights the top companies and countries shaping the global jewelry export market in 2023.


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