GIT Information Center

Thailand’s gem and jewelry export excluding the export value of unwrought gold, the actual export value of gem and jewelry products was at USD 1,586.23 million, a 36.86 percent jump from the same period of the previous year. The Global Manufacturing PMI stood at 52.1, moving up 2.4 points because of the alleviated pressure of raw material costs. Moreover, inflation has passed its peak.

Thailand’s gem and jewelry export value of January 2023 declined 4.51 percent from the value of USD 767.54 million in the same period of last year to USD 732.92 million. Accounting for a 3.62 percent share of the country’s gross exports, the products were listed as Thailand’s fifth most significant exports. However, excluding the export value of unwrought gold, the actual export value of gem and jewelry products was at USD 573.45 million, a slight decrease of 1.19 percent from last year.

Thailand’ gem and jewelry export value of 2022 increased 49.82 percent. However, the export value without gold export only rose 29.54 percent. The increase was influenced by continual purchase orders during the first 9 months as the global economy had recovered from the pandemic and economic activities in supply chains of many countries had returned to normal.

Thailand’s gem and jewelry export value from January to November 2022 climbed 57.24 percent from the value of USD 9,215.12 million in the same period of the previous year to USD 14,489.54 million. Export value of Thai gem and jewelry products escalated following growths in export to key markets around the world. In addition, continual spending season from late 2022 to early 2023 were also another supportive factor, boosting continuous purchasing orders from trade partner countries.

Thailand’s gem and jewelry export value from January to October 2022 hiked 66.50 percent from the value of USD 8,180.93 million in the same period of last year to USD 13,620.86 million. Continual growths were seen in Thailand’s overall gem and jewelry export despite weakening from September due to economic downtrends in trading partner countries.

Thailand’s gem and jewelry export value from January to September 2022 soared 72.48 percent from the value of USD 7,197.24 million in the same period of last year to USD 12,413.75 million. The growths were reflected through Thailand’s Purchasing Managers’ Index (PMI) of September which reached an all-time high. Furthermore, export was benefited by the weakening of Thai baht against major global currencies.

Thailand’s gem and jewelry export value from January to August 2022 surged 69.26 percent from the value of USD 6,426.34 million in the same period of last year to USD 10,877.29 million. Consistent growths were seen in Thailand’s overall gem and jewelry export similar to the country’s key exports. Private sectors’ consumption still grew. Moreover, the increase in number of tourists, following eased international travel restrictions, boosted spending on products apart from consumer goods.

Thailand’s gem and jewelry export value from January to July 2022 soared 76.33 percent from the value of USD 5,545.84 million in the same period of last year to USD 9,778.97 million. The ease of Covid-19 restrictions and international travel ban promoted travelling and relieved pressure in living of people in general. Subsequently, purchasing of products other than consumer goods thrived consistently. Moreover, Thai baht weakening boosted competitiveness in price of Thai products.

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.