Trade Analysis

Thailand’s gem and jewelry export value (excluding gold) of the first 4 months of 2021 increased 1.05 percent. Because many countries’ earlier-than-expected success in Covid-19 vaccinations and economic stimulus measures helped boost consumers’ confidence. While the import value of January to April 2021 was at USD 5,633.44 million, a 94.46 percent upsurge

Thailand’s gem and jewelry import value of January to March 2021 was at USD 5,096.52 million, an 86.04 percent year-on-year surge. While the export value shrank because its exports to many major markets dropped. The export value of gem and jewelry products was at USD 1,805.06 million, a 66.80 percent slump.

Thailand’s gem and jewelry export value (excluding gold) in the first two months of this year decreased since the global economy recovered at a slow pace. It was because many countries still struggled with Covid-19 infections. While, Thailand’s gem and jewelry import value of January to February 2021 was at USD 3,071.35 million (THB 92,774.13 million), 1.22-fold growth.

Thailand’s gem and jewelry import value in January 2021 was at USD 1,469.84 million, a 1.45-fold growth, compared to the same period of the previous year. While Thailand’s gem and jewelry export value of 2021’s first month in US dollar slumped 70.68 percent from USD 1,734.87 million of the same period of 2020 to USD 508.64 million.

Thai gem and jewelry export value of 2020 increased 15.94 percent whereas import value dropped 33.51 percent. Unwrought or semi-manufactured gold remained the dominant product in import and export. Thailand’s gem and jewelry export value excluding unwrought or semi-manufactured gold slid 40.09 percent from the previous year.

Thailand’s gem and jewelry import value of January to November 2020 was at USD 7,454.53 million, a 34.85 percent slide, compared to the same period of last year. While Thailand’s gem and jewelry export value from January to November 2020 was at USD 17,548.80 million, a 17.24 percent rise compared to the value of USD 14,968.31 million of the same period of the previous year.

Thailand’s gem and jewelry import value of January-October 2020 was at USD 5,636.08 million (THB 176,714.61 million), a 44.69 percent slump (a 45.08 percent in Thai baht) compared to the same period of the previous year. However, the import in October declined by 17.85 percent compared to that of September 2020. Thailand’s import of unwrought or semi-finished gold, the key product with a share of around 43 percent, slid 44.68 percent. The import of colored stone also went down by 14.96 percent. The products with growth in import value were diamond, fine jewelry, and silver.

Thailand’s gem and jewelry export from January to September 2020 was at USD 16,130.64 million (THB 503,294.32 million), a 23.72 percent increase (23.84 percent in Thai baht), compared to the value of USD 13,037.80 million (THB 406,397.05 million) of the same period of last year.

Thailand’s gem and jewelry export from January to August 2020, jumped by 32.77% with the value of USD 15,206.06 million, with the exclusion of unwrought or semi-finished gold export, the actual export value of Thai gem and jewelry was at USD 2,935 million with a 43.99% dip from the same period of last year. Thai gem and jewelry exports to the leading markets/regions shrank because of the declines in exports to almost every key markets.

Thailand's gem and jewelry import value of January to July 2020 was at USD 3,877.38 million (THB 121,198.24 million), a 41.95 percent contraction as compared to the same period last year.

Thailand’s gem and jewelry export from Jan to Jun 20, rose 39.11%, Thailand’s actual export value was at USD 2,224.75 million, a 42.17% shrinkage from the same period last year

Thailand's export from January - May 2020 surged 1.08 folds , Thailand's actual export value of gem and jewelry was at USD 1,984 million ,a 34.80 percent decrease from the same period last year.

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