# Precious stones and metals (HS2 71) Sector Trade Overview | Yugalinks

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Precious stones and metals at HS2 71, with reported global trade through 2024.

Canonical: https://www.yugalinks.com/trade/sector/hs2/71

## Answer

The precious stones and metals sector recorded $1.0T in reported global trade in 2024, with -5.8% annual change.

## Key figures

| Measure | Value |
| --- | --- |
| Latest reported trade | $1.0T |
| Latest annual change | -5.8% |
| Active exporters | 199 |
| Active importers | 200 |
| Active HS6 products | 51 |

## Annual trend

| Year | Global trade | Corridors | HS6 products |
| --- | ---: | ---: | ---: |
| 1995 | $72.6B | 5,701 | 51 |
| 1996 | $80.1B | 5,833 | 51 |
| 1997 | $87.2B | 5,813 | 51 |
| 1998 | $90.4B | 5,914 | 51 |
| 1999 | $107.1B | 6,342 | 51 |
| 2000 | $150.2B | 7,278 | 51 |
| 2001 | $141.7B | 7,548 | 51 |
| 2002 | $147.0B | 7,717 | 51 |
| 2003 | $166.8B | 8,038 | 51 |
| 2004 | $202.1B | 8,420 | 51 |
| 2005 | $236.1B | 8,643 | 51 |
| 2006 | $279.1B | 8,963 | 51 |
| 2007 | $326.5B | 9,229 | 51 |
| 2008 | $423.7B | 9,371 | 51 |
| 2009 | $383.8B | 9,506 | 51 |
| 2010 | $460.6B | 9,597 | 51 |
| 2011 | $669.0B | 9,856 | 51 |
| 2012 | $771.9B | 10,150 | 51 |
| 2013 | $839.2B | 10,103 | 51 |
| 2014 | $697.1B | 10,401 | 51 |
| 2015 | $622.5B | 10,440 | 51 |
| 2016 | $656.4B | 10,488 | 51 |
| 2017 | $651.5B | 10,682 | 51 |
| 2018 | $636.0B | 10,812 | 51 |
| 2019 | $654.6B | 10,811 | 51 |
| 2020 | $723.9B | 10,760 | 51 |
| 2021 | $856.1B | 11,448 | 51 |
| 2022 | $939.0B | 11,442 | 51 |
| 2023 | $943.3B | 11,499 | 51 |
| 2024 | $1.0T | 11,531 | 51 |

## Growth and market structure

- Trend: Growing
- Three-year CAGR: +6.1%
- Five-year CAGR: +9.3%
- Historical peak: $1.0T in 2,024
- Positive-growth years: 75.9%
- Exporter concentration HHI: 1,934.6
- Importer concentration HHI: 1,668.3
- Trade volatility coefficient: 0.6

## Leading corridors

| Rank | Exporter | Importer | Trade value | Growth | HS6 products | Distance | FTA |
| ---: | --- | --- | ---: | ---: | ---: | ---: | --- |
| 1 | Switzerland, Liechtenstein | China | $34.3B | +17.4% | 40 | 9,034 km | Yes |
| 2 | United Arab Emirates | India | $24.7B | +16.4% | 35 | 2,204 km | No |
| 3 | Switzerland, Liechtenstein | USA, Puerto Rico and US Virgin Islands | $21.3B | +10.1% | 46 | 6,339 km | No |
| 4 | China | China, Hong Kong Special Administrative Region | $20.9B | +8.5% | 41 | 1,226 km | Yes |
| 5 | Switzerland, Liechtenstein | India | $19.3B | -11% | 31 | 6,166 km | No |
| 6 | China, Hong Kong Special Administrative Region | China | $18.8B | +18.4% | 42 | 1,226 km | Yes |
| 7 | Canada | United Kingdom | $17.1B | +22.6% | 32 | 5,728 km | Yes |
| 8 | United Arab Emirates | China, Hong Kong Special Administrative Region | $16.2B | +22.4% | 29 | 5,962 km | No |
| 9 | United Kingdom | Switzerland, Liechtenstein | $14.6B | -23.5% | 47 | 777 km | Yes |
| 10 | USA, Puerto Rico and US Virgin Islands | Switzerland, Liechtenstein | $13.1B | +2.7% | 47 | 6,339 km | No |

## Leading exporters

| Rank | Country | Exports | Partners | HS6 products |
| ---: | --- | ---: | ---: | ---: |
| 1 | Switzerland, Liechtenstein | $143.2B | 153 | 51 |
| 2 | United Arab Emirates | $100.0B | 159 | 51 |
| 3 | USA, Puerto Rico and US Virgin Islands | $63.8B | 171 | 51 |
| 4 | China, Hong Kong Special Administrative Region | $55.8B | 169 | 51 |
| 5 | South Africa | $49.9B | 120 | 51 |
| 6 | Canada | $47.4B | 140 | 51 |
| 7 | United Kingdom | $43.7B | 166 | 51 |
| 8 | China | $38.3B | 196 | 51 |
| 9 | India | $32.8B | 172 | 51 |
| 10 | Australia | $31.0B | 141 | 51 |

## Leading importers

| Rank | Country | Imports | Partners | HS6 products |
| ---: | --- | ---: | ---: | ---: |
| 1 | Switzerland, Liechtenstein | $125.2B | 159 | 51 |
| 2 | China | $113.6B | 155 | 51 |
| 3 | United Arab Emirates | $112.0B | 155 | 51 |
| 4 | USA, Puerto Rico and US Virgin Islands | $95.8B | 172 | 51 |
| 5 | United Kingdom | $93.4B | 150 | 51 |
| 6 | India | $85.8B | 121 | 51 |
| 7 | China, Hong Kong Special Administrative Region | $81.5B | 128 | 51 |
| 8 | Turkey | $28.3B | 125 | 51 |
| 9 | Singapore | $25.8B | 135 | 51 |
| 10 | Thailand | $20.6B | 147 | 51 |

## HS6 products

- Pearls: natural, whether or not worked or graded (but not strung, mounted or set), temporarily strung for the convenience of transport (HS6 710110)
- Pearls: cultured, unworked, whether or not graded (but not strung, mounted or set), temporarily strung for the convenience of transport (HS6 710121)
- Pearls: cultured, worked, whether or not graded (but not strung, mounted or set), temporarily strung for the convenience of transport (HS6 710122)
- Diamonds: whether or not worked, but not mounted or set, unsorted (HS6 710210)
- Diamonds: industrial, unworked or simply sawn, cleaved or bruted, but not mounted or set (HS6 710221)
- Diamonds: industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set (HS6 710229)
- Diamonds: non-industrial, unworked or simply sawn, cleaved or bruted, but not mounted or set (HS6 710231)
- Diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set (HS6 710239)
- Stones: precious (other than diamonds) and semi-precious stones, unworked or simply sawn or roughly shaped, not strung, mounted or set (HS6 710310)
- Stones: rubies, sapphires and emeralds, worked (other than simply sawn or roughly shaped), not strung, mounted or set (HS6 710391)
- Stones: precious (other than diamonds) and semi-precious stones, (other than rubies, sapphires and emeralds), worked other than simply sawn or roughly shaped, not strung, mounted or set (HS6 710399)
- Stones: precious or semi-precious, synthetic or reconstructed, piezo-electric quartz, whether or not worked or graded (but not strung, mounted or set), temporarily strung for transport convenience (HS6 710410)
- Stones: precious or semi-precious, synthetic or reconstructed, (not piezo-electric quartz), unworked or simply sawn, roughly shaped, (not strung, mounted or set), temporarily strung for transport convenience (HS6 710420)
- Stones: diamonds, unworked or simply sawn or roughly shaped (HS6 710421)
- Stones: synthetic or reconstructed precious or semi-precious n.e.c. in heading 7104, unworked or simply sawn or roughly shaped (HS6 710429)
- Stones: precious or semi-precious, synthetic or reconstructed, (not piezo-electric quartz), worked or graded or not, (but not strung, mounted or set), temporarily strung for transport convenience, n.e.s. in item no. 7104.20 (HS6 710490)
- Stones: diamonds, n.e.c. in heading 7104, worked or graded but not strung, mounted or set: ungraded synthetic or reconstructed precious or semi-precious stones, temporarily strung for convenience of transport (HS6 710491)
- Stones: synthetic or reconstructed precious or semi-precious n.e.c. in heading 7104, worked or graded but not strung, mounted or set: ungraded synthetic or reconstructed precious or semi-precious stones, temporarily strung for convenience of transport (HS6 710499)
- Stones: precious and semi-precious, dust and powder, of diamonds (HS6 710510)
- Stones: precious and semi-precious, dust and powder, of natural or synthetic precious or semi-precious stones, excluding diamonds (HS6 710590)
- Metals: silver powder (HS6 710610)
- Metals: silver, unwrought, (but not powder) (HS6 710691)
- Metals: silver, semi-manufactured (HS6 710692)
- Base metals clad with silver: not further worked than semi-manufactured (HS6 710700)
- Metals: gold, non-monetary, powder (HS6 710811)
- Metals: gold, non-monetary, unwrought (but not powder) (HS6 710812)
- Metals: gold, semi-manufactured (HS6 710813)
- Gold, monetary (HS6 710820)
- Base metals or silver: clad with gold, not further worked than semi-manufactured (HS6 710900)
- Metals: platinum, unwrought or in powder form (HS6 711011)
- Metals: platinum, semi-manufactured (HS6 711019)
- Metals: palladium, unwrought or in powder form (HS6 711021)
- Metals: palladium, semi-manufactured (HS6 711029)
- Metals: rhodium, unwrought or in powder form (HS6 711031)
- Metals: rhodium, semi-manufactured (HS6 711039)
- Metals: iridium, osmium, ruthenium, unwrought or in powder form (HS6 711041)
- Metals: iridium, osmium, ruthenium, semi-manufactured (HS6 711049)
- Base metals, silver or gold, clad with platinum: not further worked than semi-manufactured (HS6 711100)
- Metals: waste and scrap of gold, including metal clad with gold but excluding sweepings containing other precious metals (HS6 711210)
- Metals: waste and scrap of platinum, including metal clad with platinum but excluding sweepings containing other precious metals (HS6 711220)
- Waste and scrap of precious metal or of metal clad with precious metal: ash containing precious metal or precious metal compounds (HS6 711230)
- Metals: waste and scrap of precious metal other than gold or platinum but excluding sweepings containing other precious metals (HS6 711290)
- Waste and scrap of precious metals: of gold, including metal clad with gold but excluding sweepings containing other precious metals (HS6 711291)
- Waste and scrap of precious metals: of platinum, including metal clad with platinum but excluding sweepings containing other precious metals (HS6 711292)
- Waste and scrap of precious metals: waste and scrap of precious metals including metal clad with precious metals, other than that of gold and platinum and excluding ash which contains precious metal or precious metal compounds (HS6 711299)
- Jewellery: of silver, whether or not plated or clad with other precious metal, and parts thereof (HS6 711311)
- Jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof (HS6 711319)
- Jewellery: of base metal clad with precious metal, and parts thereof (HS6 711320)
- Silversmiths\' wares: and parts thereof, of silver, whether or not plated or clad with other precious metal (HS6 711411)
- Goldsmiths\' wares: articles of and parts thereof, of precious metal (excluding silver) whether or not plated or clad with precious metal (HS6 711419)
- Goldsmiths\' and silversmiths\' wares: articles of and parts thereof, of base metal clad with precious metal (HS6 711420)
- Metal: catalysts in the form of wire cloth or grill, of platinum (HS6 711510)
- Metal: precious or metal clad with precious metal, other than that of item no. 7115.10 (HS6 711590)
- Pearls: articles of natural or cultured pearls (HS6 711610)
- Stones: precious or semi-precious stones (natural, synthetic or reconstructed) articles of (HS6 711620)
- Jewellery: imitation, cuff links and studs, of base metal, whether or not plated with precious metal (HS6 711711)
- Jewellery: imitation, (excluding cuff links and studs), of base metal, whether or not plated with precious metal (HS6 711719)
- Jewellery: imitation, of other than base metal, whether or not plated with precious metal (HS6 711790)
- Coin (other than gold coin), not being legal tender (HS6 711810)
- Coin: other than coin of item no. 7118.10 (HS6 711890)

## Definitions and coverage

Merchandise trade observations aggregated to HS2. Growth, concentration, volatility, and peak comparisons calculated from reported observations. Missing values remain unavailable and are not imputed.

Reported observations cover 1995-2024. The data release was refreshed 2026-07-20 09:34:08.

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## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-27). [OECD Data Explorer](https://data-explorer.oecd.org/) · [OECD Terms & Conditions](https://www.oecd.org/termsandconditions/)
- CEPII BACI bilateral trade flows (202601): [dataset page](https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37) · [BACI documentation](https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html) · [Etalab 2.0 Open Licence](https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf)

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