GIT Information Center

Thailand’s gem and jewelry export value of January-April 2024 fell by 8.83 percent from the value of USD 5,392.07 million last year to USD 4,915.74 million. However, without the export value of unwrought gold, the actual export value of gem and jewelry products was USD 3,025.71 million, a 13.39 percent rise from the same period of last year. Because of the key export markets has expanded in line with the global manufacturing sector’s growth sign.

Thailand’s gem and jewelry export value of January- May 2024 went down by 1.70 percent from the value of USD 6,433.63 million last year to USD 6,324.15 million. The products were listed as Thailand’s third most important exports with a 5.25 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 3,851.79 million, a 11.24 percent rise from the same period of last year.

Thailand’s gem and jewelry export value from January to March 2024 amounted to USD 4,115.13 million, a 0.28% decrease compared to the same period of last year. The products ranked as the country’s third most important exports with a 5.80% 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 2,513.73 million, a 13.36% rise year-on-year. When considering the export value in March 2024 compared to the same month in 2023, it amounted to USD 1,083.37 million, marking a 50.73% decrease. If the export value of gold is deducted, the actual export value of gem and jewelry is USD 691.55 million, a 9.77% increase.

Thailand’s gem and jewelry export value from January to February 2024 amounted to USD 3,031.76 million, a 57.26% increase compared to the same period of last year. The products ranked as the country’s second most important exports with a 6.59% 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 1,822.18 million, a 14.78% rise year-on-year.

In January 2024, Thailand's gem and jewelry exports surged to USD 1,166.08 million, marking an impressive 59.09% increase compared to the same month in the previous year. These exports ranked as the country's third most significant export category, contributing 5.15% 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 696.96 million, reflecting a notable year-on-year increase of 21.53%.

In 2023, Thailand experienced a 2.83% decrease in gem and jewelry exports, totaling USD 14,636.88 million. Despite ranking as the country’s third most important export category, following automobile and computer respectively, with a share of 5.14% of Thailand’s total gross exports, the actual export value, excluding unwrought gold, showed resilience with an 8.40% year-on-year increase, reaching USD 8,658.11 million. This performance highlights the sector’s adaptability and sustained strength in the face of overall export challenges.

Thailand’s gem and jewelry export value from January to November 2023 amounted to USD 13,664.59 million, a 5.73% decrease compared to the same period of last year. The products ranked as the country’s third most important exports with a 5.22% 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 8,101.45 million, a 8.51% rise year-on-year.

Thailand’s gem and jewelry export value from January to October 2023 amounted to USD 12,705.21 million, a 6.76% decrease compared to the same period of last year. The products ranked as the country’s third most important exports with a 5.37% 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 7,391.86 million, a 9.05% rise year-on-year.

Thailand’s gem and jewelry export value from January to September 2023 amounted to USD 11,128.29 million, a 10.44% decrease compared to the same period of last year. The products ranked as the country’s third most important exports with a 5.22% 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 6,643.65 million, a 9.09% rise year-on-year.

Thailand’s gem and jewelry export value of January-August 2023 contracted by 17.55 percent from the value of USD 10,880.15 million in the same period of last year to USD 8,970.33 million. The products were ranked as the country’s third most important exports with a 4.78 percent share of Thailand’s gross exports. Nevertheless, without the export value of unwrought gold, the actual export value of gem and jewelry products was USD 5,357.56 million, a 5.47 percent rise year-on-year.