Trade Analysis
Thailand’s gem and jewelry export value of January-July 2024 grew 13.86 percent from the value of USD 8,169.65 million last year to USD 9,301.92 million. The products were listed as Thailand’s third most important exports with a 5.44 percent share of the country’s total exports. However, without the export value of unwrought gold, the actual export value of gem and jewelry products was USD 5,103.78 million, a 6.65 percent growth from the same period of last year.
Thailand’s gem and jewelry export value of January-August 2024 increased 16.27 percent from the value of USD 8,971.90 million last year to USD 10,431.81 million. The products were listed as Thailand’s third most important exports with a 5.29 percent share of the country’s gross exports. However, without the export value of unwrought gold, the actual export value of gem and jewelry products was USD 5,778.30 million, a 7.82 percent growth from the same period of last year.
Thailand’s gem and jewelry export value from January to September 2024 amounted to USD 12,448 million, a 11.85% increase compared to the same period of last year. The products ranked as the country’s third most important exports with a 5.58% share of Thailand’s total gross exports. Nevertheless, when deducting unwrought gold from the total export value, the actual export value of gem and jewelry was USD 7,053.53 million, a 9.83% rise year-on-year.
Thailand’s gem and jewelry export value from January to October 2024 amounted to USD 15,415.07 million, 21.32% increase compared to the same period of last year. The products ranked as the country’s third most important exports with 6.16% share of Thailand’s total gross exports. Nevertheless, when deducting unwrought gold from the total export value, the actual export value of gem and jewelry was USD 7,788.55 million, 5.35% rise year-on-year.
Thailand’s gem and jewelry export value from January to November 2024 amounted to USD 16,924.49 million, a 23.86% increase compared to the same period of last year. The products ranked as the country’s third most important exports with a 6.14% share of Thailand’s total gross exports. Nevertheless, when deducting unwrought gold from the total export value, the actual export value of gem and jewelry was USD 8,611.89 million, a 6.30% rise year-on-year.
Thailand’s gem and jewelry export value from January to December 2024 amounted to USD 18,367.12 million, 25.49% increase compared to the same period of last year. The products ranked as the country’s third most important exports with 6.11% share of Thailand’s total gross exports. Nevertheless, when deducting unwrought gold from the total export value, the actual export value of gem and jewelry was USD 9,609.10 million, 10.99% rise year-on-year.
In January 2025, Thailand's gem and jewelry exports surged to USD 2,902.13 million, marking an impressive 148.87% increase compared to the same month in the previous year. These exports ranked as the country's first most significant export category, contributing 11.48% to Thailand's total gross exports. However, after deducting the value of unwrought gold from the total export figure, the true export value of gem and jewelry stood at USD 1,734.26 million, reflecting a notable year-on-year increase of 148.82%.