Israel"s gemstone market, particularly the trade of Topaz and other precious stones, plays a significant role in the country’s economy. The 2024 data reveals a substantial increase in both imports and exports of precious and semi-precious stones. Notably, exports of further worked gemstones reached a remarkable $245. 2 million, while imports stood at $207 million. This growth indicates a robust demand and a competitive export market for processed gemstones. Comparing the yearly data, 2023 saw exports of further worked precious stones at $277. 3 million, reflecting a slight decline in 2024. However, the import value increased significantly from $58.
9 million in 2023 to over $200 million in 2024, suggesting a strategic move to bolster domestic production capacities or meet local market demands. For precious or semi-precious stones other than diamonds in an unwrought state, Israel"s imports surged from $879,030 in 2023 to $10. 9 million in 2024. Exports in this category also grew from $677,000 in 2023 to $20,000 in 2024. This shift indicates a growing international interest and an increase in the quality and processing capabilities in Israel. These trade dynamics highlight Israel"s significant role in the global gemstone market, especially processing and export of high-value stones. This trend is crucial for businesses looking to engage with Israel"s gemstone suppliers and leverage the country"s advanced processing capabilities. Aritral, an AI-driven B2B platform, provides valuable tools for businesses aiming to capitalize on these opportunities. With services ranging from Product Listing and Direct Communication to Global Sales Assistance and AI-Powered Marketing, Aritral simplifies the complexities of international trade, ensuring businesses can connect with Israel"s key gemstone suppliers effectively.
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