Thailand Gem and Jewelry Import-Export Performance Jan-Nov 2020

21 January 2021

Thailand’s gem and jewelry import value of January to November 2020 was at USD 7,454.53 million (THB 233,769.65 million), a 34.85 percent slide (a 35.01 percent in Thai baht), compared to the same period of last year. However, the import value of November soared 2.11 folds from October 2020.

Thailand’s gem and jewelry import value of January to November 2020 was at USD 7,454.53 million (THB 233,769.65 million), a 34.85 percent slide (a 35.01 percent in Thai baht), compared to the same period of last year. However, the import value of November soared 2.11 folds from October 2020. Unwrought or semi-finished gold remained the dominant product with an approximately 81 percent share, over 4.85-fold growth. The country’s import of diamond and colored stone went up by 22.32 and 9.18 percent, respectively.

Thailand’s gem and jewelry export value from January to November 2020 was at USD 17,548.80 million (THB 547,214 million), a 17.24 percent rise (17.79 percent in Thai baht), compared to the value of USD 14,968.31 million (THB 464,578.61 million) of the same period of the previous year. It was the second most important export product with an 8.30 percent share of Thailand’s gross exports. However, excluding the export value of unwrought or semi-finished gold, the actual export value of gem and jewelry products was at USD 4,395.91 million (THB 135,971.52 million), a 42.26 percent slump year-on-year (a 42.43 percent in Thai baht). Comparing the export value of November 2020 to that of October 2020, a 2.75 percent drop.

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