Indonesia's gold jewellery exports to UAE hit record $285 M

Indonesia's gold jewellery exports to UAE hit record $285 M

Indonesia is a potential jewellery exporter. The global import export data show that Indonesia is the 12th leading jewellery exporter globally. It was the 20th most shipped product from Indonesia. In recent years, the Indonesian jewellery export market has shown frequent growth across the United Arab Emirates, Switzerland and Jordan market.

The historical Indonesia import export data reflects that Indonesia has exported over $3.75 billion worth of jewellery across the global market in FY 2022. There was around a 16% increase in the jewellery. Switzerland was among the top importer of jewellery from Indonesia during FY 2022. Switzerland was responsible for over $1.6 billion worth of jewellery from Indonesia.


Whereas, Singapore was the second leading jewellery importer from Indonesia. Indonesia export data shows that Singapore’s jewellery imports from Indonesia were estimated to be $606 million during FY 2022. Jordan is the third leading jewellery exporter worth $442 million followed by the United Arab Emirates ($360 million) and the United Arab Emirates ($325 million) in the last year.


The latest year report shows that Indonesia has made record gold jewellery exports of over $285 million to UAE this year. And the overall jewellery exports reached over $291 million in the current fiscal year. 


Jewellery is the most imported product by the United Arab Emirates from Indonesia. Whereas, palm oil is the second most imported product by UAE with over $261 million worth. Whereas, cars, fabrics, broadcasting equipment, video displays, footwear and chemicals, wood pulp, etc. 


Apart from UAE, there was some noticeable amount of export shipments to India, Turkey, Sri Lanka, Russia, Chile, Kazakhstan, Zimbabwe, Tanzania and Uganda. India accounts for over 50% share of Indonesian jewellery exports. Whereas, Turkey had over 20% share in Indonesia’s overall jewellery exports.


Some of the top jewellery export companies from Indonesia are Vairaa Mountings Diamond and Jewellery, KPS Jewellery, Al Buta Jewellery, Erbay Gold and Gold Point Jewellery. During the financial year 2022, Vairaa Mountings Diamond and Jewellery has exported over 5 million worth of jewellery exports. Along with KPS Jewellery, these accounted for over 40% of Indonesia's total exports.


On the other hand, Indonesia import data reflects that petroleum products are the top most products imported from the UAE. Petroleum products covered over 31% share of Indonesia’s total imports from UAE. Iron, Aluminium, Gold, Aluminium, Cars, and Sulphur are the leading import items by Indonesia from Indonesia. 


In terms of jewellery exports, Indonesia’s major competitors are China, Switzerland, India, United States, Italy and Hong Kong. 


Jewellery business owners from Indonesia can now bank upon the market intelligence provided by Exim Trade Data. A reliable global import export data provider company offering in-depth insights into the international market. Indonesian import-export business owners can analyze jewellery demand by price, quantity, unit, importer, exporter, ports volume and competitor details.


You can find tons of business leads from this expert global market intelligence platform. This platform could help you generate quality clients for your product and increase your revenue. Not only Indonesia, businesses can access opportunities from over 200+ countries and set up an impressive business model.

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