Trade Analysis

Thailand’s gem and jewelry export value from January to November 2022 climbed 57.24 percent from the value of USD 9,215.12 million in the same period of the previous year to USD 14,489.54 million. Export value of Thai gem and jewelry products escalated following growths in export to key markets around the world.

Thailand’s gem and jewelry export value from January to October 2022 hiked 66.50 percent from the value of USD 8,180.93 million in the same period of last year to USD 13,620.86 million. Continual growths were seen in Thailand’s overall gem and jewelry export despite weakening from September due to economic downtrends in trading partner countries.

Thailand’s gem and jewelry export value from January to September 2022 soared 72.48 percent from the value of USD 7,197.24 million in the same period of last year to USD 12,413.75 million. The growths were reflected through Thailand’s Purchasing Managers’ Index (PMI) of September which reached an all-time high. Furthermore, export was benefited by the weakening of Thai baht against major global currencies.

Thailand’s gem and jewelry export value from January to August 2022 surged 69.26 percent from the value of USD 6,426.34 million in the same period of last year to USD 10,877.29 million. Consistent growths were seen in Thailand’s overall gem and jewelry export similar to the country’s key exports. Private sectors’ consumption still grew. Moreover, the increase in number of tourists, following eased international travel restrictions, boosted spending on products apart from consumer goods.

Thailand’s gem and jewelry export value from January to July 2022 soared 76.33 percent from the value of USD 5,545.84 million in the same period of last year to USD 9,778.97 million. The ease of Covid-19 restrictions and international travel ban promoted travelling and relieved pressure in living of people in general. Subsequently, purchasing of products other than consumer goods thrived consistently. Moreover, Thai baht weakening boosted competitiveness in price of Thai products.

Thailand’s gem and jewelry export value from January to June 2022 surged 93.86 percent from the value of USD 4,494.68 million in the same period of last year to USD 8,713.27 million. However, excluding the export value of unwrought gold, the actual export value of gem and jewelry products was at USD 3,851.32 million, a 39.82 percent rise year-on-year. Exports to most of Thailand’s major markets strengthened continually in line with the consistent growth of global manufacturing sector and purchasing power.

Thailand’s gem and jewelry export value from January to May 2022 soared 113.96 percent from the value of USD 3,547.25million in the same period of last year to USD 7,589.53 million. However, excluding the export value of unwrought or semi-finished gold, the actual export value of gem and jewelry products was at USD 3,289.09 million, a 46.90 percent rise year-on-year. Exports to most of Thailand’s key markets constantly grew as global manufacturing sector continued to thrive. In addition, weakened baht has enhanced export competitiveness.

Thailand’s gem and jewelry export value from January to April 2022 surged 167.72 percent from the value of USD 2,455.85 million in the same period of last year to USD 6,574.87 million. However, excluding the export value of unwrought or semi-finished gold, the actual export value of gem and jewelry products was at USD 2,531.62 million, a 41.22 percent gain year-on-year. This reflected in the Global Manufacturing PMI of major economic countries, the US, European countries, India, and ASEAN countries. With consistent demand for products, their Manufacturing PMI readings were above 50 points.

Thailand’s gem and jewelry export value from January to March 2022 soared 203.93 percent from the value of USD 1,805.20 million in the same period of the previous year to USD 5,486.58 million. However, excluding the export value of unwrought or semi-finished gold, the actual export value of gem and jewelry products was at USD 1,898.03 million, a 39.96 percent rise year-on-year. Constant growths were seen in most of Thailand’s major export markets as consumption has been recovering owing to business reopening in many countries and led to pent-up demand.

Thailand’s gem and jewelry export value from January to February 2022 skyrocketed by 101.15 percent from the value of USD 1,032.88 million in the same period of last year to USD 2,077.65 million. As Global Manufacturing PMI, an indicator which analysts around the world use to forecast global economy outlook, reached 53.6. PMI of Thailand’s key trade partners were above the global average.

Thailand’s gem and jewelry export value of January 2022 climbed 50.89 percent from the value of USD 508.64 million in the same period of last year to USD 767.48 million. Exports of the first month of 2022 is likely to expand further from the previous year after impacts from Covid-19’s new variant have been less than predicted. Moreover, production and logistics delay in supply chain has been improving. Despite the forecast that global economic growth of this year will decelerate, product demand in global market has continued to grow.

Thailand’s gem and jewelry export value from January to December 2021 slumped by 44.79 percent from the value of USD 18,191.73 million in the same period of last year to USD 10,042.76 million. However, excluding the export value of unwrought or semi-finished gold, the actual export value of gem and jewelry products was at USD 6,158.66 million, a 26.94 percent rise from the same period of last year.

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