GIT Information Center

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.

Pearl, the Beauty underneath the water that is popular all over the world, that transformed into variety of jewelries. How many species are there? And how much do they cost? You can find the answer from this picture.

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 January to June 2020, rose 39.11 percent (37.59 percent in Thai baht) with the value of USD 10,077.60 million compared to the export value of USD 7,244.22 million of the same period of 2019. It was the most important export product with an 8.81 percent share of Thailand’s gross export, with the exclusion of unwrought or semi-manufactured gold export, Thailand’s actual export value of gem and jewelry was at USD 2,224.75 million. The export value shows a 42.17 percent shrinkage from the same period last year.

Thailand’s gem and jewelry import value of January to May 2020 was at USD 3,090.40 million (THB 96,222.65 million), a 32.64 percent decrease (a 34.44 percent decline in Thai baht) compared to the same period of the previous year. The country’s import of nearly every key product decreased. The import value of unwrought or Semi-Manufactured gold, the dominant product with a 61 percent share, polished diamond, polished precious stone and semiprecious stone, and silver constantly dropped.

Thailand’s gem and jewelry import from January to April 2020 stood at 2,897.14 million US dollars (89,913.26 million baht), decreasing by 22.03% (or 24.34% in baht), compared to the same period in the previous year. The Covid-19 pandemic has undermined the demand in gem and jewelry consumption both in Thailand and its trading partner countries. As a result, Thai importers slowed down their import of semi-finished and finished products.

Thailand’s export value of gem and jewelry products from January to March 2020 under Chapter 71* of Harmonized Tariff Schedule surged 71.85 percent (65.17 percent in Thai baht) from USD 3,166.96 million (THB 99,930.57 million) in the first 3 months of 2019 to USD 5,442.28 million (THB 165,058.21 million). It was the second most significant export product with an 8.68 percent share of Thailand’s gross exports. However, with an exclusion of unwrought or semi-manufactured gold export value, the export value of gem and jewelry products totaled at USD 1,563 million (THB 47,357.71 million), a 20.18 percent decrease (23.38 percent in Thai baht) from the same period of the previous year.

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