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Who buys India’s jewelry? Export destinations 2024

In 2024, India exported $12.9 billion of jewelry (580 tonnes), 10.9% of the world total. Its main destinations were the United Arab Emirates (39%), the United States (27%) and Hong Kong (8%). India was the world’s 3rd-largest exporter of jewelry.

Summary

Value
$12.9billion
Tonnes
580tonnes
Share of world total
10.9%
World rank
3rd
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
United Arab Emirates5Tonnes: 69USD per tonne: $72,543,79438.7%Air
United States3.5Tonnes: 159USD per tonne: $22,024,06727.2%Air
Hong Kong re-exports1Tonnes: 9USD per tonne: $114,024,2138.1%Air
Singapore re-exports0.62Tonnes: 13USD per tonne: $47,691,8344.8%Air
United Kingdom0.43Tonnes: 42USD per tonne: $10,380,2453.4%Air
Saudi Arabia0.37Tonnes: 28USD per tonne: $13,035,6702.9%Air
France0.28Tonnes: 97USD per tonne: $2,909,7412.2%Air
Canada0.23Tonnes: 16USD per tonne: $14,777,0261.8%Air
Australia0.21Tonnes: 11USD per tonne: $18,444,3071.6%Air
Malaysia0.19Tonnes: 6USD per tonne: $33,982,7241.5%Air
Kuwait0.14Tonnes: 1USD per tonne: $140,909,8501.1%Air
Qatar0.11Tonnes: 2USD per tonne: $63,312,9400.86%Air
Germany0.09Tonnes: 14USD per tonne: $6,774,8480.71%Air
Belgium re-exports0.08Tonnes: 2USD per tonne: $35,198,0600.61%Air
Thailand0.07Tonnes: 23USD per tonne: $2,986,7050.54%Air
Italy0.07Tonnes: 13USD per tonne: $4,968,4190.52%Air
Spain0.05Tonnes: 8USD per tonne: $6,525,8830.42%Air
Japan0.05Tonnes: 5USD per tonne: $8,807,2670.35%Air
Mexico0.04Tonnes: 14USD per tonne: $2,811,9470.31%Air
Bahrain0.03Tonnes: 0USD per tonne: $88,820,8720.22%Air

Trend

Who it sells to

The United Arab Emirates has been its main destination since 2023

Value in USD billions. The five largest destinations in 2024.

  • United Arab Emirates 5
  • United States 3.5
  • Hong Kong 1
  • Singapore 0.62
  • United Kingdom 0.43

Source: CEPII BACI

Show the numbers
Partner19952024
United Arab Emirates0.085
United States0.253.5
Hong Kong0.031
Singapore0.020.62
United Kingdom0.080.43

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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