Gold Jewelry Export of Brazil: The in-depth Trade Overview of 2024

Gold Jewelry, a category of decorative items made from gold or its alloys, is the topmost preference of the globaltraders, because of its wide consumer-based demands. The universal value and recognition, along with the hedge against inflation and currency fluctuations, have maintained the continuity of global trade. The standardized quality, liquidity, and investment in speculation are promoting the overall export. Brazil Import Data says, the country in South America, bordered by Argentina, Bolivia, and Colombia-like nations in different directions, have gradually emerged as a leading substantial contributor to the worldwide export market of gold jewelry due to the rich domestic gold reserves and the cost advantage of local sourcing.

The skilled craftsmanship, along with the participation in the global trade fairs, has resulted in a total export trade value of gold from Brazil worth 6 billion US dollars in 2024. The rising middle-class population and the reputation for craftsmanship, along with the design diversity, have maintained an integrity with the global trade fulfilment. Subscribe to ImportGlobals, the leading Brazil importexport trade provider, to stay updated with the latest information regarding the export of gold jewelry of the nation via the Brazil trade data.

GOVERNMENT INITIATIVES SUPPORTING THE EXPORT OF GOLD JEWELRY FROM BRAZIL IN 2024

The IMMEX program has reduced the input and production costs while benefiting the jewelry makers by relying heavily on the imported materials. The Export Sector Tax Incentives under 2023 have lowered the effective costs for improving the competitiveness of 2024 exports. The General Export Incentives have made the designs more financially viable to source materials. It has promoted the jewelry manufacturing export of the country while diversifying the global trade output.

The Export Orientation and Promotion for Foreign Trade Support via Government Institutions has managed the export logistics to meet the international demand. The Trade and Investment Policy Environment under the Secretariat of Economy has broadened the favourable business environment to reach the international markets.

THE TOP 10 LEADING VARIANTS OF GOLD JEWELRY EXPORTED FROM BRAZIL IN 2024

The demand for unique gemstones and the gender-balanced workforce has led to diversity in the global trade output. According to the Brazil Export Data, the top 10 leading variants of gold jewelry exported from the nation in 2024 are,

Rings – The annual valuation of Rings exported from Brazil in 2024 – 3.21 million US dollars
Bracelets – The annual valuation of Bracelets exported from Brazil in 2024 – 1.8 million US dollars
Necklaces – The annual valuation of Necklaces exported from Brazil in 2024 – 919 million US dollars
Earrings – The annual valuation of Earrings exported from Brazil in 2024 – 765 million US dollars
Pendants – The annual valuation of Pendants exported from Brazil in 2024 – 543 million US dollars
Sets – The annual valuation of Sets exported from Brazil in 2024 – 368 million US dollars
Charms – The annual valuation of Charms exported from Brazil in 2024 – 289 million US dollars
Gem sets – The annual valuation of Gem sets exported from Brazil in 2024 – 254 million US dollars
Mixed‑metal – The annual valuation of Mixed‑metal exported from Brazil in 2024 – 229 million US dollars
Components– The annual valuation of Components exported from Brazil in 2024 – 198 million US dollars

THE TOP 10 EXPORT TRADE PARTNERS OF BRAZIL IN 2024

The innovation of the design trends and the establishment of supply chain manufacturing clusters have maintained a proper step-by-step integration with the topmost investing regions in the jewelry manufacturing units. According to the Brazil Customs Data, the top 10 export trade partners of the nation for gold jewelry exports in 2024 are,

China – The total valuation of gold jewelry exported from Brazil to China in 2024 – 2.25 billion US dollars