The Philippines has witnessed dynamic shifts in the trade of precious and semi-precious stones, including amber. In recent years, the country has seen fluctuating trade volumes and values, indicating evolving market conditions and demand patterns. In 2024, amber and other precious stones exports from the Philippines surged significantly, with 8490 kg exported, valued at $10,000, a stark rise from 2022 when only 1625. 6 kg were exported at $2920. This suggests an increasing global demand for the Philippines" gemstone exports. Conversely, imports of these stones also rose in 2024 to 3001. 82 kg at $46017, up from 526. 088 kg at $55325 in 2022, reflecting a more competitive import market possibly driven by rising local demand or re-export strategies.

The price per kg of exports has decreased, which could imply a strategic move to increase market share or a reflection of global price trends. Meanwhile, import prices have seen a substantial rise since 2020, indicating either a shift in the quality of imported stones or increased international pricing. The import of further worked precious stones like rubies, sapphires, and emeralds also shows interesting trends. In 2024, 124752. 55 carats were imported valued at $58446, highlighting a substantial increase in quantity compared to previous years, indicating robust domestic demand for finished gemstones. Overall, the Philippines" gemstone market seems to be experiencing growth, with imports outpacing exports, suggesting a potential opportunity for local businesses to increase exports by enhancing value addition and leveraging international networks. For businesses looking to navigate these market dynamics, Aritral offers valuable tools to simplify international trade. Through AI-powered marketing, global sales assistance, and direct communication, Aritral helps businesses enhance their market reach and manage their profiles effectively.