Trade Analysis

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.

Thailand’s gem and jewelry export value (excluding gold) of the first 11 months of 2021 increased 26.69 percent year-on-year with the growths in exports to key markets. It was partly a result of global economy’s solid recovery and more positive factors than negative factors.

Thailand’s gem and jewelry export value (excluding gold) of the first 10 months of 2021 stepped up 26.87 percent year-on-year with growths in exports to several major markets. For further details click

Thailand’s gem and jewelry export value (excluding gold) of the first 9 months of 2021 stepped up 27.42 percent year-on-year. After economic activities of various sectors have been consistently resumed, halts in manufacturing sector and labor shortages have become positively improved in many noted markets.

Thailand’s gem and jewelry import value of January to August 2021 was at USD 8,457.38 million, a 94.82 percent upturn, compared to the same period of the previous year. Unwrought or semi-finished gold, accounting for around 69 percent, was the dominant product with a 131.17 percent leap. Imports of diamonds, silver, fine jewelry, and colored stones escalated by 46.79, 83.55, 22.32, and 15.77 percent, respectively

Thailand’s gem and jewelry export value from January to July 2021 fell 54.02 percent, compared to the value of USD 12,064.20 million of the same period in 2020, to USD 5,546.53 million. However, Thailand’s gem and jewelry export value (excluding gold) of the first 7 months of 2021 increased 26.58 percent year-on-year because of economic activities have been resumed and confidence has continually regained

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