Vietnamese gemstones are flowing strongly into the US market.

May 22, 2016 23:00

The United States is currently the leading market for Vietnam's exports of gemstones, precious metals, and related products, valued at $116.69 million.

According to the General Department of Customs, Vietnam's exports of gemstones, precious metals, and related products in the first four months of 2016 reached US$250.21 million, an increase of 28.66% compared to the same period last year.

Vietnamese gemstones are strongly entering the US market. [Image: http://images.vov.vn/w490/uploaded/g3zdcpr1cvuly8uzveukg/2016_05_22/da_quy_2_CNEN.jpeg; src=http://images.vov.vn/w490/uploaded/g3zdcpr1cvuly8uzveukg/2016_05_22/da_quy_2_CNEN.jpeg; width: 500px; height: 250px; title=Vietnamese gemstones strongly entering the US market]

The United States remains the leading export market for Vietnam's gemstones, precious metals, and related products, reaching a value of US$116.69 million, a decrease of 1.81% compared to the same period last year, accounting for 46% of the total export value.

Notably, Switzerland, the second-largest export market, experienced very strong growth, with export value increasing 26 times compared to the same period last year. This strong increase in exports to the Swiss market contributed to the overall growth of this product.

Coming in third is the Japanese market, valued at $14.93 million, a 6.21% increase.

Several export markets showed growth: exports to South Korea increased by 26.35%; exports to Germany increased by 7.31%; exports to Thailand increased by 13.32%; and exports to the UK increased by 11.52%.

Among the markets experiencing export declines, Belgium saw the largest drop, down 28.45% compared to the same period last year.

According to VOV

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Vietnamese gemstones are flowing strongly into the US market.
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