GIT Information Center

A 9.27 percent increase was seen in Thailand’s overall export value og gem and jewelry products. A rise of 4.38 percent was also noted in the overall import value of the products. Unwrought or semi-manufactured gold was the major product for export and import. However, a 1.31 percent fall from the previous year was observed in Thailand’s export value of gem and jewelry excluding unwrought or semi-manufactured gold. Although the weakened baht is considered a positive factor for Thailand’s export growth, export value of 2016 is expected to grow close to that of 2015 due to negative factors from global economy and slow recovery of major trade partners

Thailand's overall gem and jewelry export value decreased by 0.24 percent while the import value also decreased as much as 48.55 percent. Jewelry was the most important export product while unwrought or semimanufactured gold occupied the top position among import products. However, if unwrought or semimanufactured gold is excluded, the export value would grow from the previous year by 6.89 percent. As for 2015, the export value is expected to grow at a lower rate compared to 2014 in spite of the US economic recovery. This is due to negative factors from the economic slowdown in trading partner countries and high fluctuation of global major currencies

Thailand's overall gem and jewelry export value decreased by 23.30 percent while the import value increased by 9.30 percent in 2013. Fine jewelry was the most important export product while unwrought or semi-manufactured gold maintained the top position in import. However, if unwrought or semi-manufactured gold is excluded, Thailand's gem and jewelry export value would grow by 4.64 percent from the previous year. As for 2014, the export value growth is expected to be positive due to supportive factors from steady economic recovery of Thailand's trading partners, as well as depreciation of the baht currency.

Thailand’s overall gem and jewelry export value increased by 6.88 percent while the import value dropped by 33.18 percent, having unwrought or semi-manufactured gold as the main product both in export and import. If unwrought or semi manufactured gold is not included, the increase in gem and jewelry export value will be at only 1.66 percent from the previous year. However, in 2013 the export value is expected to grow in a lower rate than 2012 due to negative factors in the global economy under the threat of further economic slowdown and baht currency appreciation.

Thai gem and jewelry export value grew only 5.57 percent while the import value soared 97.84 percent with unwrought or semi-manufactured gold as the main product for both export and import. If unwrought or semi-manufactured gold is not included, the increase in export value would be as much as 24.15 percent from the previous year. However, the export value in 2012 may have a lower growth than in 2011 due to the threat of economic slowdown and possibly a new round of recession.

Overall, Thai gem and jewelry export value grew by 19.37 percent while the import value jumped 74.01 percent with unwrought or semi-manufactured gold as the main product for both export and import

In 2009, the value of Thai gems and jewelry export expanded at the rate of 18 percent approximately, while the import value decreased by about 36 percent, causing Thailand to have a trade surplus of 3,762.91 million US dollars in the gem and jewelry category.

Thailand’s exports of gems and jewelry in 2008 witnessed a growth of 54 percent in value. However, the country’s import value of gems and jewelry rose 1.21 times. Consequently, the country’s products in gems and jewelry category faced the deficit of US$ 1,089.19 million.

The Trade of Thailand's gems and jewelry products under Customs Tariff Schedule Chapter 71 from January to December 2007 gained 26.36 percent growth with the total value accounted to US$ 9,605.50 million increased from US$ 7,601.41 million during the same period of previous year.

The trade of Thailand's gems and jewelry producdts under Harmonized Tariff Schedule Chapter 71 from January to December 2006 gained 4.01 percent growth with the total value accounted to US$ 7,601.41 million increased from US$ 7,308.30 million during the same period of previous year.