71 - Natural, cultured pearls; precious, semi-precious stones; precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin (HS 71)
- In 2024, global exports of HS2 71 totaled $832.3B, while imports reached $884.8B.
- Switzerland was the top exporter for HS2 71 in 2024, accounting for 16.5% of global exports with $136.9B.
- China was a leading importer, bringing in $118.9B, representing 13.4% of total imports.
- The United Kingdom is a significant player, ranking third in exports with $81.5B (9.8%) and fourth in imports with $92.0B (10.4%).
- Gold (HS4 7108) is the dominant sub-category, contributing over 60% to both exports and imports within HS2 71.
- The United States is a key trading partner, ranking fourth in exports with $73.1B and sixth in imports.
Overview of HS2 71 Trade in 2024
The HS2 product category 71, encompassing natural and cultured pearls, precious and semi-precious stones, precious metals, articles made thereof, imitation jewelry, and coin, demonstrated substantial global trade in 2024. Total global exports for these goods reached $832.3B, while imports were valued at $884.8B. This category is central to the global luxury and industrial sectors, with a significant concentration among its top trading partners. The trade in these high-value items is dominated by a few key economies.
Leading Exporters and Importers of HS2 71
Switzerland led global exports of HS2 71 in 2024, contributing $136.9B, or 16.5% of the total. Other major exporters included China, Hong Kong SAR ($92.4B, 11.1%), the United Kingdom ($81.5B, 9.8%), and the United States ($73.1B, 8.8%). On the import side, Switzerland was also the largest importer with $125.6B (14.2%), followed by China ($118.9B, 13.4%), and China, Hong Kong SAR ($110.7B, 12.5%). India imported $89.4B, representing 10.1% of global imports.
Significant Product Sub-Categories and Growth
Within HS2 71, Gold (HS4 7108) is a particularly significant sub-category, accounting for 60.3% of exports and 62.7% of imports. Jewellery articles (HS4 7113) and Diamonds (HS4 7102) are also major contributors. Noteworthy growth trends were observed in several HS4 categories between 2019 and 2024. For exports, Silver (HS4 7106) saw a 13.97% compound annual growth rate, and Gold (HS4 7108) grew by 10.9%. On the import side, Articles of precious metal (HS4 7115) experienced a substantial 47.1% CAGR, indicating dynamic shifts within the sector.
- Switzerland is the top exporter (16.5% of reported exports).
- Switzerland is the top importer (14.2% of reported imports).
- Top 3 exporter concentration: 37.3%.
- Top 5 exporter concentration: 50.4%.
Natural, cultured pearls; precious, semi-precious stones; precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin - product groups (4-digit) by top countries (Exports), 2024 (USD)
Natural, cultured pearls; precious, semi-precious stones; precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin - country rank by trade value (Exports), 2015-2024 (USD)
Global export trend
Natural, cultured pearls; precious, semi-precious stones; precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin - exports over time (Exports), 2015-2024 (USD)
HS4 drilldown
Natural, cultured pearls; precious, semi-precious stones; precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin - top 4-digit product groups by export share (Exports), 2024 (USD)
| HS4 | Subcategory | Value | Share |
|---|---|---|---|
| 7108 | Gold (including gold plated wit… | $501.99B | 60.3% |
| 7113 | Jewellery articles and parts th… | $131.10B | 15.8% |
| 7102 | Diamonds, whether or not worked… | $63.94B | 7.7% |
| 7110 | Platinum; unwrought or in semi-… | $37.14B | 4.5% |
| 7106 | Silver (including silver plated… | $32.18B | 3.9% |
| 7112 | Waste and scrap of precious met… | $25.17B | 3.0% |
| 7103 | Precious (excluding diamond) an… | $11.29B | 1.4% |
| 7117 | Imitation jewellery | $9.84B | 1.2% |
| 7115 | Articles of precious metal or o… | $4.66B | 0.6% |
| 7104 | Stones; synthetic or reconstruc… | $4.02B | 0.5% |
| 7114 | Articles of goldsmiths' or silv… | $1.92B | 0.2% |
| 7116 | Articles of natural or cultured… | $1.64B | 0.2% |
| HS4 | Subcategory | CAGR | 2024 value |
|---|---|---|---|
| 7106 | Silver (including silver plated… | 14.0% | $32.18B |
| 7104 | Stones; synthetic or reconstruc… | 12.5% | $4.02B |
| 7108 | Gold (including gold plated wit… | 10.9% | $501.99B |
| 7116 | Articles of natural or cultured… | 9.8% | $1.64B |
| 7118 | Coin | 7.2% | $592.20M |
| 7117 | Imitation jewellery | 6.8% | $9.84B |
| 7115 | Articles of precious metal or o… | 6.0% | $4.66B |
| 7107 | Base metals clad with silver; n… | 4.3% | $128.16M |
Natural, cultured pearls; precious, semi-precious stones; precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin - top 4-digit product groups by import share (Imports), 2024 (USD)
| HS4 | Subcategory | Value | Share |
|---|---|---|---|
| 7108 | Gold (including gold plated wit… | $555.14B | 62.7% |
| 7113 | Jewellery articles and parts th… | $100.91B | 11.4% |
| 7102 | Diamonds, whether or not worked… | $68.09B | 7.7% |
| 7110 | Platinum; unwrought or in semi-… | $43.72B | 4.9% |
| 7112 | Waste and scrap of precious met… | $32.74B | 3.7% |
| 7106 | Silver (including silver plated… | $31.23B | 3.5% |
| 7115 | Articles of precious metal or o… | $24.54B | 2.8% |
| 7103 | Precious (excluding diamond) an… | $9.93B | 1.1% |
| 7117 | Imitation jewellery | $7.19B | 0.8% |
| 7104 | Stones; synthetic or reconstruc… | $4.02B | 0.5% |
| 7116 | Articles of natural or cultured… | $2.26B | 0.3% |
| 7114 | Articles of goldsmiths' or silv… | $1.64B | 0.2% |
| HS4 | Subcategory | CAGR | 2024 value |
|---|---|---|---|
| 7115 | Articles of precious metal or o… | 47.1% | $24.54B |
| 7106 | Silver (including silver plated… | 14.4% | $31.23B |
| 7104 | Stones; synthetic or reconstruc… | 12.7% | $4.02B |
| 7108 | Gold (including gold plated wit… | 11.0% | $555.14B |
| 7116 | Articles of natural or cultured… | 10.6% | $2.26B |
| 7101 | Pearls; natural or cultured, wh… | 7.2% | $1.24B |
| 7118 | Coin | 6.3% | $690.19M |
| 7103 | Precious (excluding diamond) an… | 3.2% | $9.93B |
Explore country profiles
Top trade routes
| Exporter | Importer | Value | Share of exports |
|---|---|---|---|
| China, Hong Kong SAR (HKG) | China (CHN) | $40.93B | 4.9% |
| United Kingdom (GBR) | China (CHN) | $29.92B | 3.6% |
| China (CHN) | China, Hong Kong SAR (HKG) | $25.67B | 3.1% |
| Switzerland (CHE) | China (CHN) | $25.19B | 3.0% |
| United Kingdom (GBR) | Switzerland (CHE) | $23.99B | 2.9% |
| Switzerland (CHE) | India (IND) | $20.31B | 2.4% |
| Switzerland (CHE) | USA (USA) | $15.73B | 1.9% |
| Canada (CAN) | United Kingdom (GBR) | $15.71B | 1.9% |
| Switzerland (CHE) | United Kingdom (GBR) | $13.55B | 1.6% |
| USA (USA) | United Kingdom (GBR) | $12.90B | 1.5% |
| USA (USA) | Switzerland (CHE) | $12.57B | 1.5% |
| Japan (JPN) | China, Hong Kong SAR (HKG) | $10.43B | 1.3% |
| India (IND) | USA (USA) | $9.15B | 1.1% |
| China, Hong Kong SAR (HKG) | Thailand (THA) | $9.04B | 1.1% |
| Canada (CAN) | USA (USA) | $8.87B | 1.1% |