HS Code:
The Earrings category, classified under HS Code 7113 (Articles of jewelry and parts thereof, of precious metal or of metal clad with precious metal) and sometimes under HS Code 7117 (Imitation jewelry), encompasses a wide range of ear adornments made from materials such as gold, silver, platinum, and non-precious metals, often adorned with gemstones, pearls, or other decorative elements. Earrings are a significant segment of the global jewelry market, driven by fashion trends, cultural significance, and gifting traditions. This category includes stud earrings, hoops, dangles, and clip-ons, catering to diverse consumer preferences across demographics and regions. The trade of earrings is influenced by factors such as raw material availability, craftsmanship, and consumer purchasing power.
Total Trade Volume
USD 8.5 billion
Data from 2022
Source
United Nations Comtrade Database & International Trade Centre (ITC)
USD 2.1 billion
24.7% of total trade of total trade
Increasing
USD 1.3 billion
15.3% of total trade of total trade
Stable
USD 1.0 billion
11.8% of total trade of total trade
Increasing
USD 800 million
9.4% of total trade of total trade
Stable
USD 600 million
7.1% of total trade of total trade
Increasing
Average Rate
6.5% ad valorem
Highest Rate
35% (in certain developing markets with protectionist policies for local jewelry industries)
Lowest Rate
0% (under free trade agreements such as EU-US trade or within ASEAN countries)
Rising demand for sustainable and ethical jewelry
Increased consumer preference for earrings made from recycled metals and conflict-free gemstones, pushing manufacturers to adopt transparent supply chains.
2021-2023
Growth in online jewelry sales
E-commerce platforms have boosted accessibility to international markets, benefiting smaller producers and increasing competition for traditional retailers.
2020-2023
Popularity of minimalist and personalized designs
Shift towards lightweight, customizable earrings has driven innovation in design and materials, appealing to younger demographics like Gen Z and Millennials.
2019-2023
The European Union updated its REACH regulations to further limit nickel content in earrings due to allergy concerns, affecting manufacturers worldwide who export to the EU.
January 2023
Non-compliant producers face market access barriers, while compliant manufacturers may see increased costs but gain consumer trust.
A new phase of the US-China trade agreement reduced tariffs on certain jewelry categories, including earrings, fostering higher export volumes from China to the US.
March 2022
Chinese exporters gain a competitive edge in the US market, potentially impacting domestic US producers.
The Indian government introduced incentives for local jewelry manufacturing, including tax breaks and export subsidies, to boost the earrings export sector.
July 2022
Increased production capacity and competitiveness for Indian exporters in the global market.