# Rubies buyer markets and demand | HS 710391 | Yugalinks

China, Hong Kong Special Administrative Region is the largest reported buyer market in this view, with imports of $1.5B.

## Buyer market evidence

| Buyer market | Latest imports | 5-year growth | Suppliers | Leading supplier |
| --- | --- | --- | --- | --- |
| China, Hong Kong Special Administrative Region | $1.5B | +6.3% | 45 | USA |
| USA | $1.4B | +6.3% | 68 | Thailand |
| Switzerland, Liechtenstein | $884.8M | +1.2% | 46 | USA |
| Thailand | $838.4M | +14.4% | 65 | Thailand |
| France | $740.1M | +16.7% | 48 | USA |
| Italy | $233.3M | -6.4% | 33 | Thailand |
| United Kingdom | $221.8M | +5.7% | 49 | USA |
| India | $167.4M | -15.2% | 41 | India |
| Israel | $149.6M | +15% | 17 | USA |
| United Arab Emirates | $142.8M | -2.4% | 42 | India |
| China | $120.9M | +2.5% | 34 | China, Hong Kong Special Administrative Region |
| Belgium | $62.2M | +9.3% | 25 | Thailand |
| Japan | $58.0M | +0.6% | 39 | Thailand |
| Germany | $51.2M | -1% | 65 | USA |
| Singapore | $42.8M | -18.7% | 38 | China, Hong Kong Special Administrative Region |
| Sri Lanka | $34.9M | +12.5% | 27 | Thailand |
| Taiwan | $22.7M | +30% | 18 | USA |
| Armenia | $14.4M | +49.8% | 15 | India |
| Mozambique | $13.0M | +615.8% | 1 | United Arab Emirates |
| Canada | $10.8M | +8.1% | 45 | Thailand |
| Qatar | $10.7M | +89.5% | 6 | USA |
| Russia | $9.4M | +4.1% | 5 | Armenia |
| Australia | $7.9M | +6.2% | 41 | Thailand |
| Colombia | $7.7M | +10.7% | 7 | USA |
| Republic of Korea | $6.0M | +40.7% | 22 | Switzerland, Liechtenstein |
| Spain | $5.5M | -3.6% | 26 | Thailand |
| Austria | $4.6M | +2.8% | 33 | Switzerland, Liechtenstein |
| World excl. EU | $4.3M | +22.7% | 7 | Switzerland, Liechtenstein |
| Malaysia | $4.2M | +5.2% | 15 | Thailand |
| Brazil | $2.9M | -7.2% | 9 | USA |
| Turkey | $2.8M | +0.7% | 17 | Thailand |
| Netherlands | $2.7M | +28.1% | 43 | USA |
| South Africa | $2.7M | -3.5% | 21 | USA |
| Lebanon | $2.7M | -26.2% | 14 | Thailand |
| Viet Nam | $2.6M | +25.1% | 15 | Thailand |

## Buyer market price evidence

| Buyer market | Year | Trade value | USD per ton |
| --- | --- | --- | --- |
| China, Hong Kong Special Administrative Region | 2023 | $1.8B | $48,719,443.8 |
| USA | 2023 | $1.1B | $408,132,863.42 |
| Switzerland, Liechtenstein | 2023 | $732.8M | $4,697,201,865.38 |
| Thailand | 2023 | $573.7M | $224,795,467.48 |
| France | 2023 | $544.4M | $158,202,125.54 |
| India | 2023 | $420.0M | $220,710,652.65 |
| Italy | 2023 | $266.6M | $342,257,838.25 |
| United Arab Emirates | 2023 | $225.7M | $123,412,682.34 |
| United Kingdom | 2023 | $131.8M | $31,225,806.44 |
| Israel | 2023 | $106.7M | $26,177,568.31 |
| China | 2023 | $79.4M | $96,085,154.96 |
| Japan | 2023 | $67.6M | $135,681,809.24 |
| Germany | 2023 | $56.7M | $131,542,366.59 |
| Belgium | 2023 | $46.2M | $216,677,727.7 |
| Qatar | 2023 | $41.0M | $4,555,654,888.89 |
| Singapore | 2023 | $23.8M | $372,410,171.88 |
| Armenia | 2023 | $23.4M | $170,989,087.59 |
| Other Asia, nes | 2023 | $18.2M | $467,892,000 |
| Russia | 2023 | $17.1M | $16,845,518.19 |
| Sri Lanka | 2023 | $14.1M | $190,547,837.84 |

_Source: reported merchandise trade data. Updated 2026-08-14._