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Vietnam’s exports of precious stones and articles show strong growth in November

Vietnam exported US$63.07 million worth of precious stones, precious metals, and related articles in November 2024, reflecting a notable month-on-month increase of 13.6 percent, according to Vietnam’s General Department of Customs. Year-to-date exports in this category reached US$586.49 million, underscoring the sustained global demand for these products.

The United States retained its position as the largest market, importing US$21.97 million, a slight 0.16 percent rise from October. South Korea displayed the most significant growth, increasing its imports by 50.56 percent to US$5.82 million. Other notable markets included Hong Kong, with a 27.57 percent rise to US$4.95 million, and Belgium, which recorded a 50 percent increase to US$4.04 million. In contrast, Germany and the UK experienced declines of 6.19 percent and 52.89 percent, respectively.

Vietnam’s precious stone and metal exports continue to benefit from robust demand in developed markets while showcasing resilience amid global economic fluctuations.

See also: Mining in Vietnam: Industry Overview

Vietnam precious stones exports, November 2024, US$

NovemberOctoberMoMYTD
Total63,067,97455,515,91513.6586,488,409
Other14,244,5439,724,70846.48%99,781,184
USA21,974,07021,938,0380.16%240,759,938
Japan7,162,0497,399,332-3.21%66,818,433
South Korea5,820,7243,866,05150.56%47,372,304
HongKong4,947,3543,878,23227.57%42,326,759
Belgium4,035,9552,690,67350.00%43,898,987
Australia2,210,8542,765,387-20.05%17,586,630
Thailand1,428,0921,393,6912.47%12,353,445
Germany472,145503,282-6.19%6,363,818
UK349,962742,878-52.89%3,699,938
Spain323,703502,810-35.62%2,897,046
Taiwan98,52366,50548.14%1,171,098
UAE44,328-100.00%1,458,829

See also: How to Start an Export Business in Vietnam

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