Vietnam’s exports of precious stones, precious metals, and related articles increased in October 2024, reaching a value of US$55.52 million, according to Vietnam’s General Department of Customs. This represents an 18.1 percent rise compared to September, which recorded US$47.02 million. The October growth reflects renewed demand for these high-value products.
However, year-to-date performance remains weak. From January to October, exports in this category totalled US$523.14 million, marking a significant 38.3 percent decline compared to the same period in 2023.
The October recovery offers a positive outlook, but the substantial year-to-date drop highlights challenges, potentially due to fluctuating global demand and market prices. The sector may require strategic adjustments to stabilise and enhance its export performance in the coming months.
See also: Mining in Vietnam: Industry Overview
Vietnam’s precious stone and metal exports, October vs. September 2024, US$
| October | September | MoM | YTD | |
| Total | 55,515,915 | 47,018,714 | 18.07% | 523,144,886 |
| Other | 5,720,607 | 5,827,297 | -1.83% | 58,940,907 |
| USA | 21,938,038 | 16,522,018 | 32.78% | 218,785,868 |
| Japan | 7,399,332 | 6,857,057 | 7.91% | 59,656,384 |
| South Korea | 3,866,051 | 2,804,977 | 37.83% | 41,551,580 |
| Belgium | 2,690,673 | 4,081,059 | -34.07% | 39,863,032 |
| HongKong | 3,878,232 | 4,196,362 | -7.58% | 37,379,405 |
| France | 4,004,101 | 1,983,948 | 101.82% | 26,591,269 |
| Australia | 2,765,387 | 1,651,753 | 67.42% | 15,104,692 |
| Thailand | 1,393,691 | 1,762,934 | -20.94% | 10,925,352 |
| Germany | 503,282 | 762,809 | -34.02% | 5,891,674 |
| UK | 742,878 | 274,382 | 170.75% | 3,349,976 |
| Spain | 502,810 | 124,053 | 305.32% | 2,573,343 |
| UAE | 44,328 | 25,523 | 73.68% | 1,458,829 |
| Taiwan | 66,505 | 144,542 | -53.99% | 1,072,575 |