Export Performance- An Analysis of Exports

An Analysis of Exports for 2006 and 2007

By G.K.M Tilaka Nandani- Statistician, National Gem and Jewellery Authority, Sri Lanka.

This article was reproduced with kind permission from the National Gem and Jewellery Authority.

1.1

(a) Gem Exports

The value of gem exports in the year 2007 amounted to Rs. 10,442.2 million ,it was Rs 9853.2 million in the year 2006. This represented an increase of 6% in the year 2007 when compared with the year 2006. The volume of the gems exported in the year 2007 was 7,458,656 in caratage .The decrease in the volume of gem exported in the year 2007 is-16% when compared with the year 2006.

The details of gem exports for the year 2000 -2007 is shown in table 01.

Table 1

Year	Weight Cts.	Value Rs Mn	Value in US$
2000	6,649,671	5,742.1	75.2
2001	7,265,578	5,176.1	58.0
2002	7,674,240	5,663.4	59.1
2003	3,702,321	5,989.1	62.1
2004	4,301,790	8,809.3	87.1
2005	6,643,882	8,004.7	79.3
2006	8,931,697	9,853.2	94.5
2007	7,458,656	10,444.2	94.0

The details of quarterly gem export performance for the year 2006 and 2007 are shown in table 02.

Table 2

	2006		2007
	Weight Cts.	Value Rs Mn	Weight Cts	Value Rs Mn
1st Quarter	1,979,444	2,716	1,895,585	2,683
2nd Quarter	2,163,343	2,354	1,901,739	3,001
3rd Quarter	2,636,456	2,550	1,764,115	2,649
4th Quarter	2,152,454	2,233	1,897,218	2,111
Total	8,931,697	9,853	7,458,656	10,444

The main international markets for the Sri Lankan Gems were the U.S.A ,Thailand, Italy, Switzerland, Hong Kong and Japan. Table 03 shows the countrywise gem exports to the leading buyers in the year 2006 and 2007.

Table 3

Country	2006		2007
Country	Weight Cts.	Value Rs. Mn.	Weight Cts.	Value Rs. Mn.
USA	2,189,575	3,419	971,846	3,480
Thailand	1,005,867	2,096	702,911	2,011
Italy	41,187	532.6	27,264	1,028
Hong Kong	539,693	819	312,817	807
Switzerland	776,722	723	322,984	484
Japan	188,211	706	297,106	482
France	44,958	196	27,494	315
Malaysia	122,859	104	185,878	243
UK	63,697	225	37,468	197
Germany	213,771	158	181,221	189
Singapore	187,546	242	275,804	138
Indonesia	59,056	25,546	25,546	54

Sri Lankan gems have been exported to the following countries in the year 2007 , which has been categorized into 7 groups (table 4 to 10). Country classification of gem exports for the year 2006 and 2007 are shown in table 11.

Table 4

European Countries

Country	Weight Cts.	Value Rs.
Italy	27,263.88	1,028,633,261
Switzerland	322,984.06	484,183,632
France	27,494,.21	314,660,088
UK	37,468.70	197,151,762
Germany	181,221.64	189,404,866
Belgium	9,278.86	157,231,309
Poland	1,752,150.01	112,811,488
Spain	7,058.10	26,661,837
Finland	38,154.21	11,074,712
Sweden	5,683.25	7,607,524
Greece	11,454.58	5,187,944
Malta	183.46	3,588,095
Netherlands	4661.47	3,284,042
Denmark	6,946.87	2,247,784
Latvia	301.78	686,202
Austria	597.14	251,419
Cyprus	180.37	114,292
Hungary	844.13	106,993
Turkey	16.42	5,463
Total	2,433,943	2,544,892,713

Table 5

Middle East Countries

Country	Weight Cts.	Value Rs.
Dubai UAE	92,222.44	150,206,294
Lebanon	2,742.67	104,203,972
Saudi Arabia	41,782.15	23,009,661
United. Arab Emirates	5,051.34	10,669,789
Kuwait	55,173.92	3,677,860
Qatar	11,678.02	1,841,831
Oman	2,389.48	1,236,100
Bahrain	693.5	782,126
Yemen	3,398,.28	472,861
Israel	80.44	141,790
Jordan	969.14	71,021
Total	216,181.38	296,313,305

Table 6

Asian Countries

Country	Weight Cts.	Value Rs.
Thailand	702,911.11	2,011,471,123
Hong Kong	312,817.24	807,430,554
Japan	297,016.77	481,943,732
Malaysia	185,878.25	242,299,065
Singapore	275,804.44	137,839,319
India	1,866,450.53	137,291,517
Indonesia	25,545,.99	53,913,596
Russian Fed.	8,359.38	32,332,668
Maldives	40,818.64	26,814,245
China	1,828.86	10,113,362
Taiwan	8,580.07	7,792,197
Korea	3,759.00	5,947,027
Philippines	346.14	1,104,169
Pakistan	2,586.08	1,036,588
Bangladesh	264.84	547,981
Ukraine	4,823.49	270,588
Kazakhastan	27.22	84,948
Total	3,755,933.97	3,975,778,442

Table 7

African Countries

Country	Weight Cts	Value Rs.
Tanzania	32.5	77,537
Nigeria	4.15	68,370
Other African Countries	92	20,045
Total	128.65	165,952

Table 8

North American Countries

Country	Weight Cts	Value Rs.
USA	971,846.86	3,480,237,047
Canada	36,701.16	90,036,392
Total	1,008,548.02	3,570,273,439

Table 9

South American Countries

Country	Weight Cts	Value Rs.
Jamaica	380.71	1,219,449
Total	380.71	1,219,449

Table 10

Australian Countries

Country	Weight Cts.	Value Rs.
Australia	42,082.50	46,740,612
New Zealand	1,397.97	8,783,922
Total	43,480.47	55,524,534

Table 11

Export Performance

	2006		2007
	Weight in Cts.	Value Rs Mn.	Weight in Cts.	Value Rs Mn.
European Countries	3,128,046	2,026	2,433,943	2,545
Middle East Countries	246,436	117	216,181	296
Asian Countries	3,258,359	4,179	3,755,994	3,976
African Countries	17,376	4	128	0.2
North American Countries	2,221,617	3,478	1,008,548	3,570
South American Countries	–	–	350	1
Australian Countries	58,861	50	43480	56

33% of the total exports in 2007 were to the US. Table no.12 shows the value of the main gem varieties exported to the USA, in the year 2006 and 2007.

Table 12

Exports to USA

Variety	2006		2007
Variety	Value Rs Mn.	%	Value Rs Mn.	%
Blue sapphire	1,659	48%	2,144	62%
Mixed sapphires	443	13%	267	8%
Pink sapphire	374	11%	302	9%
Yellow sapphire	171	5%	167	5%
Alexandrite	148	4.3%	102	3%
Padparascha sapphire	102	2.9%	126	4%
Star sapphire	93	2.7%	82	2%
Topaz	70	2.0%	–	–

The blue sapphire is the leading product exported by the gem industry.In the yea 2007 the value of the blue sapphire exports represented 50% of the total export earnings in gems.Table 13 indicates the details of the main varieties exported in the year 2006 and 2007.

The jewellery items which fetched the highest demand for the year 2006 and 2007 are indicated in table 15. The metalwise demand for the year 2006 and 2007 are shown in table 16.

Table no 13

Gem Exports Varietywise

	2006		2007
	Weight Grams.	Value Rs Mn.	Weight Grams.	Value Rs Mn.
Variety
Blue sapphire	639,373	4,391	341,915	5,289
Sapphire	428,232	1,568	519,278	1,283
Pink sapphire	54,440	811	45,521	45,521
Cat’s eye	42,427	409	35,754	283
Padparascha sapphire	7,607	379	10,952	506
Yellow sapphire	73,433	377	48,322	443
Star sapphire	115,974	322	96,573	241
Alexandrite	7,848	274	7,770	224
Topaz	3,900,672	189	2,839,881	161

(b) Jewellery Exports:

The value of the jewellery exports for the year 2007 was Rs 2075 Mn. and the corresponding figure for the year 2006 was Rs 1751 Mn. and there was an increase of 19% in the year 2007. The volume of the jewellery exports in the year 2007 was 6,100,276 grams in weight. USA, Germany, UK,Japan,Canada,India and Singapore were in the forefront among the countries which imported jewellery from Sri Lanka. The details of countrywise jewellery exports for the year 2006 and 2007 are given in table 14.

Table no 14

	2006		2007
	Weight Grams.	Value Rs Mn.	Weight Grams.	Value Rs Mn.
Germany	3,215,515	393	2,459,894	332
USA	1,376,740	296	4,776,306	579
UK	643,523	169	544,128	197
Italy	17,131	37	17,346	7
Singapore	131,326	55	39,866	98
Japan	405,797	78	1,537,186	169
Maldive Island	36,862	29	48,929	82
Switzerland	163980	37	23,609	86

Table no 15

	2006		2007
	Weight Grams.	Value Rs Mn.	Weight Grams.	Value Rs Mn.
Rings	1,072,211	401	1,107,209	447
Pendants	943,499	295	1,081,457	361
Pairs of ear studs	402,406	246	380,075	298
Necklaces	582,412	335	316,088	362
Bracelets	507,829	131	433,135	152
Chains	1,075,893	100	849,336	114

Table no 16

	2006		2007
	Weight Grams.	Value Rs Mn.	Weight Grams.	Value Rs Mn.
18Kt Gold	376,594	478	387,326	689
Silver	4,992,622	427	4,959,544	437
22Kt Gold	99,977	200	142,871	349
18Kt White Gold	62,062	246	65,816	330
14Kt Gold	81,461	93	57,784	72
9Kt Gold	61,312	53	36,497	34
White Gold	43,758	63	21,387	29

The details of the quarterly jewellery export performance for the year 2006 and 2007 are shown in table 17.

Table no 17

Quarter	2006		2007
Quarter	Weight Grams.	Value Rs Mn.	Weight Grams.	Value Rs Mn.
1st Quarter	1,344,860	332	1,139,335	419
2nd Quarter	1,694,825	438	1,792,390	538
3rd Quarter	1,319,519	407	1,453,535	522
4th Quarter	1,584,027	574	1,715,014	546
Total	5,943232	1,751	6,100,275	2,074

1.2 Diamond Exports (Re-Exports):

The total exports of diamonds for the year 2007 was Rs 37,774 Mn. and it was Rs 31,772 Mn in 2006. The increase in the year 2007 was 19% when compared with the year 2006.The volume of the diamonds exported in the year 2007 was 748,744 carats. The main international markets for the diamond re-exports were Belgium,Israel, Thailand, India, Vietnam, Switzerland and the USA.The details of the countrywise exports of diamonds in 2006 and 2007 are shown in table 18.

Table no 18

Country	2006			2007
Country	Weight (Cts)	Value Rs Mn.	%	Weight (Cts)	Value Rs Mn.	%
Belgium	340,175	26,255	83%	537,630	30,575	81%
Israel	80,432	2,834	9%	87,046	3,872	10%
USA	65,302	373	1%	3,454	137	0.4%
Vietnam	10,845	164	0.5%	22,324	408	1%
Switzerland	5,834	345	1%	13,608	189	0.5%
India	1,950	75	0.2%	19,421	415	1%
Australia	20,479	158	0.5%	1,130	49	0.1%
Thailand	26,133	1,151	4%	40,735	1648	4%
Armenian Republic	–	–	–	1,364	76	0.2%

During the year 2007 Armenian Republic entered into Sri Lanka’s diamond re-export market.

1.3 Diamond Jewellery Exports:

Table no 19

Diamond Jewellery Exports 2006/2007 -Main Markets

	2006		2007
	Weight (Gram)	Value Rs Mn	Weight (Gram)	Value Rs Mn
Dubai U.A.E	23,588	205.8	66,203	357.9
Israel	8,817	96.7	5,458	64.0
Japan	6,558	68.0	4,214	50.6
U.S.A	12,188	80.2	46,087	219.4
Singapore	9,744	100.7	13,831	202.3
U.K	10,036	36.1	1,497	11.2
Hong Kong	1,369	26.9	4,412	64.5
Maldive Islands	3,521	29.1	4,479	38.1

Value of the diamond jewellery exports in the year 2007 was Rs 813.8 Mn. and it was Rs 717.7 Mn in 2006. There was an increase of 13% in export value in the year 2007 when compared with the year 2006. The volume of the diamond jewellery exports in the year 2007 was 114,607 in grams. The main international markets for the diamond jewellery exports were Dubai,UAE, Israel, Singapore ,USA and Japan. The details of the countrywise diamond jewellery exports for the year 2006 and 2007 are shown in table 19.

Table no 20

Monthly Gem Exports 2007

Month	Lots	Pieces	Weight Cts.	Value Rs	Value US$
January	545	30,257	683,561	978,805535	8,975,669
February	401	23,377	507,022	638,993,034	5,851,913
March	311	30,955	705,003	1,065,159,005	9,707,501
April	420	23,431	517253	998,350,026	9,080,708
May	716	38,219	781,011	1,072,990,659	9,638,721
June	405	33,504	603,474	929,531,685	8,342,007
July	336	32,790	461,383	731,915,952	6,521,700
August	406	59,344	664,611	905,746,484	8,048,213
September	617	57,437	638,121	1,011,446,259	8,887,665
October	658	23,691	729,985	754,129,212	6,622,407
November	659	49,050	613,017	692,442,394	6,232,599
December	326	44,549	554,216	664,657,589	6,056,564
Grand Total	5800	446,604	7,458,656	10,444,167,835	93,965,666