Precious Stones Export of Thailand: The Trade Analysis of 2024

Thailand, based in Southeastern Asia, surrounded by Myanmar, Cambodia, Malaysia in the north-east and south direction, has recorded itself as a topmost exporter of precious stones in the international trade market. The closer proximity of the nation to mining regions has benefited the overall export of precious stones. Thailand Import Data says, the country being a central Southeast Asian hub due to the international airports and seaports connecting Southeast Asia to global markets has streamlined export logistics.

The world-class cutting and polishing infrastructure has enabled Thailand to be among the top three global centers for precious stone exports. The growing global demand due to the robust recovery for colored gemstones accompanied by government support for industry infrastructure has resulted in an export trade value of precious stones worth 18 billion US dollars in 2024. Import Globals with its Thailand trade data provides a brief overview of the precious stones exported from the nation, catering to the needs of business holders regarding the latest market shipments that can be helpful for business holders looking for service expansion.

GOVERNMENT INITIATIVES SUPPORTING THE EXPORT OF PRECIOUS STONES FROM THAILAND IN 2024

The government authorities of Thailand have been implementing several initiatives to cater to the trade rate of precious stones in a positive manner. The professional skills development by the German Jewelry Institute of Thailand, in collaboration with the Thailand Professional Qualification Institute, has developed the educational bodies to be competitive as per the global standards. The buy-with-confidence quality mark introduced by the Responsible Jewelry Council membership has enhanced the foreign investors’ attraction in the domestic trading region.

The trade fair supported by Commerce and DITP has facilitated the revenue rate via stronger integration with foreign traders. The free trade zones and export incentives implemented by the authorities through initiatives like Gemopolis Free Trade Zone and Industrial Estate have released tariffs on imports of rough gems, streamlining the regulations. It has supported the growing competitiveness of the domestic exporters in the global trade market.

THE LEADING VARIANTS OF PRECIOUS STONES EXPORTED FROM THAILAND IN 2024

Thailand has been continuously introducing diversification of precious stones in its export portfolio to match the global standards positively. According to Thailand Export Data, the top 10 leading varieties of precious stones exported from the nation in 2024 are,

  1. Rubies — The export trade value of Rubies from Thailand in 2024–4.2 billion US dollars
  2. Blue Sapphires — The export trade value of Blue Sapphires from Thailand in 2024–3.2 billion US dollars
  3. Pink Sapphires — The export trade value of Pink Sapphires from Thailand in 2024–2.8 billion US dollars
  4. Emeralds — The export trade value of Emeralds from Thailand in 2024–1.89 billion US dollars
  5. Green Emeralds — The export trade value of Green Emeralds from Thailand in 2024–1.24 billion US dollars
  6. Alexandrite — The export trade value of Alexandrite from Thailand in 2024–1.08 billion US dollars
  7. Green Tourmaline & Tsavorite — The export trade value of Green Tourmaline & Tsavorite from Thailand in 2024–1 billion US dollars
  8. Spinel — The export trade value of Spinel from Thailand in 2024–800 million US dollars
  9. Garnet — The export trade value of Garnet from Thailand in 2024–700 million US dollars
  10. Mixed precious-color gemstones — The export trade value of Mixed precious-color gemstones from Thailand in 2024–600 million US dollars

TOP 10 EXPORT TRADE PARTNERS OF THAILAND IN 2024

The country being an adequate supplier of precious stones in the global market has maintained stable bilateral relationships with emerging traders worldwide. According to the Thailand Customs Data, the top 10 export trade partners of the nation for precious stones in 2024 are,

  1. Switzerland — The annual valuation of precious stones exported from Thailand to Switzerland in 2024–5.21 billion US dollars

Top 5 variants of precious stones exported

1. Jet

2. Obsidian

3. Moldavite

4. Hematite

5. Pyrite

2. Cambodia — The annual valuation of precious stones exported from Thailand to Cambodia in 2024–4.32 billion US dollars

Top 5 variants of precious stones exported

1. Obsidian

2. Moldavite

3. Hematite

4. Pyrite

5. Chrysoprase

3. Hong Kong — The annual valuation of precious stones exported from Thailand to Hong Kong in 2024–3.21 billion US dollars

Top 5 variants of precious stones exported

1. Amazonite

2. Rhodochrosite

3. Rhodonite

4. Amber (natural resin)

5. Jet

4. United States — The annual valuation of precious stones exported from Thailand to the United States in 2024–2.78 billion US dollars

Top 5 variants of precious stones exported

1. Prehnite

2. Serpentine

3. Jadeite

4. Nephrite

5. Malachite

5. Singapore — The annual valuation of precious stones exported from Thailand to Singapore in 2024–1.76 billion US dollars

Top 5 variants of precious stones exported

1. Danburite

2. Kunzite

3. Hiddenite

4. Zoisite

5. Clinohumite

6. India — The annual valuation of precious stones exported from Thailand to India in 2024–1.21 billion US dollars

Top 5 variants of precious stones exported

1. Sunstone

2. Labradorite

3. Andalusite

4. Kyanite

5. Sphene

7. Germany — The annual valuation of precious stones exported from Thailand to Germany in 2024–1 billion US dollars

Top 5 variants of precious stones exported

1. Almandine Garnet

2. Spessartite Garnet

3. Tsavorite

4. Hessonite

5. Chrome Diopside

8. United Kingdom — The annual valuation of precious stones exported from Thailand to the United Kingdom in 2024–987 million US dollars

Top 5 variants of precious stones exported

1. Citrine

2. Peridot

3. Garnet

4. Rhodolite Garnet

5. Pyrope Garnet

9. Belgium — The annual valuation of precious stones exported from Thailand to Belgium in 2024–765 million US dollars

Top 5 variants of precious stones exported

1. Emerald

2. Aquamarine

3. Morganite

4. Alexandrite

5. Amethyst

10. Japan — The annual valuation of precious stones exported from Thailand to Japan in 2024–654 million US dollars

Top 5 variants of precious stones exported

1. Ruby

2. Blue Sapphire

3. Pink Sapphire

4. Yellow Sapphire

5. White Sapphire

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