Thailand’s gem and jewelry exports continued their strong upward trend in April, driven by rising global demand and concerns over possible U.S. tariffs, according to the Gem and Jewelry Institute of Thailand (GIT).
Exports excluding gold totaled $714.9 million in April, marking a 39.62% year-on-year increase. Including gold, total exports surged by 115.65% to $1.73 billion. This marks the sixth straight month of growth for the sector.
For the first four months of 2025, gem and jewelry exports (excluding gold) reached $5.8 billion, up 91.76% from the same period last year. When gold is included, the total value jumps to $10.36 billion, a 110.82% increase.
GIT Director Sumed Prasongpongchai said gold played a major role in the export boom. In April alone, gold exports soared to $1.01 billion, a 250.52% rise. He attributed the spike to speculative trading and stronger demand for safe-haven assets amid global uncertainty.
Fears of new U.S. tax measures and potential trade retaliation helped push gold prices to a record high of $3,500 per ounce on April 22.
Gold exports from January to April totaled $4.56 billion, up 141.33% year-on-year. Monthly figures showed high volatility: $1.17 billion in January (up 148.95%), $933.6 million in February (up 26.4%), and $1.45 billion in March (up 269.55%).
Export performance across key markets varied. The United States remained a key driver, with shipments rising 24.83%, as buyers moved to secure goods ahead of possible tariff changes.
Other markets showing strong growth included Japan (up 44.37%), the United Kingdom (29.37%), the UAE (14.24%), Hong Kong (12.03%), Germany (8.11%), and Italy (1.72%). However, exports to Switzerland and Belgium declined by 2.81% and 24.09%, respectively.
Thailand’s gem and jewelry industry continues to show resilience, bolstered by global demand and the strategic value of gold in times of economic uncertainty.
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