PHILIPPINES & VIETNAM PRECIOUS STONES 
                     ONE OF THE MOST TRADED PRODUCTS IN THE WORLD –
NATURAL AND PRECIOUS STONES
ABSTRACT
Goods  and  services  worth  trillions  are  traded  across  the  globe  every  year.
Everything is imported and exported to and from every nation ranging from the
simplest items like plastic products to the most complex and heavy-duty products
like electrical machinery and automobiles. Imports and exports, simply known as
foreign trade, are responsible for building any country’s economy and helping to
maintain  the  nation’s  good  health.  Also,  foreign  trade  helps  the  country  to
integrate with other countries and learn more about their taste, preferences, and
choices. 
As per the Global Trade Data for the past some years, we are going to list the top
05 most exported products in the world. 
 Electric machines and appliances such as recorders and TVs 
 Mineral fuels and oils 
 Machines and mechanical tools 
 Automobile 
 Natural and precious stones like gold and pearl 
In  this  blog  today,  we are  going  to  discuss  more about  the  trade  statistics  of
precious and natural stones like pearls with a major focus on two countries – the
Philippines and Vietnam.
CONTRIBUTION OF PRECIOUS STONES IN THE PHILIPPINES TRADE DATA
As per the Philippines Trade Data for the past 5 years, precious stones like gold
and pearls are the 10th most favorite exported products of the Philippines. Refer to
the table below for more clear statistics:
EXPORTS OF PRECIOUS STONES BY THE PHILIPPINES TO THE WORLD
YEAR TOTAL EXPORTS OF EXPORTS OF PRECIOUS REMARKS
PH STONES BY PH
2017 USD 63.23 billion USD 1.35 billion 2.13%  of  total
exports
2018 USD 67.48 billion USD 1.45 billion 2.14%  of  total
exports
2019 USD 70.33 billion USD 1.62 billion 2.30%  of  total
exports
2020 USD 63.87 billion USD 1.36 billion 2.12%  of  total
exports
2021 USD 74.61 billion USD 1.13 billion 1.51%  of  total
exports
As  seen  from  the  above  table,  the  exports  of  precious  metals  and  stones
contribute 2.15% to the total Philippines Export data on average every year. 
Moving towards the import statistics of pearls and metals to the Philippines, then
it is evident that these products are not many favorites of the Philippines when it
comes to imports. Refer to the Philippines Import Data table below:
IMPORTS OF PRECIOUS STONES TO THE PHILIPPINES BY THE WORLD
YEAR TOTAL IMPORTS OF IMPORTS OF PRECIOUS REMARKS
PH STONES TO PH
2017 USD 98.48 billion USD 171.20 million 0.17% of total imports
2018 USD 115.11 billion USD 256.94 million 0.22% of total imports
2019 USD 112.90 billion USD 319.50 million 0.28% of total imports
2020 USD 90.75 billion USD 321.65 million 0.35% of total imports
2021 USD 124.28 billion USD 270.54 million 0.21% of total imports
Based on the reports of the last 5 years which are derived from the  Philippines
Import data tells us that there is no such significant contribution of imports of
natural stones and pearls from the world in the total imports of the Philippines. 
Despite being on the list of the top 5 most traded items, the Philippines is not
much interested to import these items to the nation. A possible reason can be
that the nation is self-sufficient and can fulfill the demand of its citizens on its
own.
CONTRIBUTION OF PRECIOUS STONES IN VIETNAM TRADE DATA
In this section, we are going to focus that what is the total contribution of Vietnam
to the total exports of pearls and gold in the world. As per Vietnam Export Data
for the past 5 years, precious stones and gold exports are as follows:
EXPORTS OF PRECIOUS STONES BY VIETNAM TO THE WORLD
YEAR TOTAL EXPORTS OF EXPORTS OF PRECIOUS REMARKS
VIETNAM STONES BY VIETNAM
2017 USD 215.11 billion USD 689.08 million 0.32%  of  total
exports
2018 USD 243.69 billion USD 762.81 million 0.31%  of  total
exports
2019 USD 264.61 billion USD 2.20 billion 0.83%  of  total
exports
2020 USD 281.44 billion USD 2.75 billion 0.97%  of  total
exports
2021 USD 335.79 billion USD 925.12 million 0.27%  of  total
exports
Based on the insights shared by Vietnam Export Data for the last 5 years, we can
conclude that the nation doesn’t deal in exporting precious stones and diamonds
as compared to other countries. In the past few years, the contribution of these
items has been very low, i.e., under 1%. 
In  a  similar  manner,  now  we  are  going  to  share  insights  from  the  records  of
Vietnam Import Data for the same time duration. 
IMPORTS OF PRECIOUS STONES TO VIETNAM BY THE WORLD
YEAR TOTAL IMPORTS OF IMPORTS OF PRECIOUS REMARKS
VIETNAM STONES TO VIETNAM
2017 USD 213.21 billion USD 612.66 million 0.28% of total imports
2018 USD 236.86 billion USD 561.46 million 0.23% of total imports
2019 USD 253.44 billion USD 606.98 million 0.23% of total imports
2020 USD 261.30 billion USD 557.77 million 0.21% of total imports
2021 USD 330.75 billion USD 871.00 million 0.26% of total imports
The  story  remains  the  same in  imports  too.  From this,  we  can  conclude  that
Vietnam Import Data is not dominated by imports of precious metals and stones
too. Also, the demand and supply of these products are very low in Vietnam. The
other conclusion we can derive is that Vietnam is self-sufficient and produce only
that much that is only enough for its own people. 
PROFESSIONAL ADVICE
We believe that you got some relevant insights from this blog post. In a nutshell, if
you are a trader who deals in imports and exports of precious stones and metals,
then the Vietnamese market is not for you, but you can consider the Philippian
market to export your produce. For more details about the Philippines Trade Data
or Vietnam Trade Data,  get  in  touch with us today and get  all  your questions
answered by our experts.
For More Info- 
Vietnam trade Data