Global Import Value Trend of Jewelry (HS: 71) from 2010 to 2012
The total import value of global jewelry increased year by year from 2010 to 2012, and the import value of 2012 amounted to 576.73 billion US dollars, with an increase of 11.3% year on year
Jewelry (HS: 71) Main Importing Countries in the First Quarter of 2013
| Main Import Countries/Regions | Import Value of the First Quarter of 2013 (thousand US dollars) | Year on Year |
| India | 23,932,789 | 11.2% |
| USA | 16,481,963 | 6.1% |
| UK | 12,832,810 | -22.3% |
| Thailand | 7,501,374 | 53.2% |
| Belgium | 5,777,591 | -6.5% |
| Germany | 4,963,749 | -9.0% |
| Switzerland | 4,287,017 | -5.1% |
| Canada | 3,747,378 | -2.4% |
| China | 3,527,157 | 13.5% |
| Turkey | 3,059,530 | 229.0% |
Jewelry main importing countries/regions are India, the United States, the United Kingdom, Thailand, Belgium, Germany, Switzerland, Canada, China and Turkey. It is noteworthy that Turkey's import value of jewelry in 2013 increased by 228.98% year on year, which is a significant increase.
Bourse Istanbul published data on Thursday (2013-5-2) showed that the import volume of Turkey in April, one of the world's biggest gold buyer exceeded import volume of every month since August 2008. Because the gold price fell to a two-year low position which lead to a surge in demand for gold.
Data showed that Turkey's import volume of gold in April jumped to 45.49 tons, which is more than twice of the export volume of March 18.26 tons. The country's annual import volume of gold in 2012 amounted to 120.78 tons.
In April the price of gold plummeted to the two-year low point near 1321, partly because the market is concerned about the news of Cyprus considering selling gold reserves to finance the international rescue plan.
The gold price has been recovered, but the loss is still more than 12% so far this year. On Thursday, stimulated by ECB reducing the interest rate for the first time in the ten months, The gold price rose more than 1% at one time, but was under pressure due to EUR weakness and US dollar rise caused by interest rate reduce.
Turkey is not a major producer of gold. In 2011, the country was a net importer of gold, jewelry and precious metals, but in 2012 the country tend to become a net exporter, for the country began to ship to Iran gold worth hundreds of millions of dollars.
As Iran's largest natural gas consumer, Turkey bought energy from Iran with Lira, because the western countries take sanctions against Iran's disputed nuclear program, which made Iran unable to receive payment of US dollars or Euros. Iran used Lira Turkey paid to buy gold in Turkey.
Jewelry (HS: 71) Main Export Countries/Regions in the First Quarter of 2013
| Main Export Countries/Regions | Export Value of the First Quarter of 2013 (thousand US dollars) | Year on Year |
| UK | 21,246,896 | 135.2% |
| USA | 20,707,526 | 5.7% |
| China | 17,103,221 | 117.7% |
| India | 12,334,486 | 3.5% |
| Canada | 6,501,048 | 10.9% |
| Belgium | 5,144,104 | -17.4% |
| Switzerland | 4,933,623 | 11.1% |
| Germany | 4,893,595 | -7.7% |
| Italy | 4,504,809 | -1.2% |
| Australia | 4,424,163 | 12.5% |
According to statistics of the first quarter of 2013, the United Kingdom was the first exporter of jewelry. The United Kingdom's export value of jewelry in the first quarter of 2013 amounted to 21.25 billion US dollars, with an increase of 135.2%, followed by the United States, with the export value of 20.71 billion US dollars, with an increase of 5.7%. China ranked the third, and the export value of which was 17.1 billion US dollars, with an increase of 117.7%.
Source: UN COMTRADE
