The Philippines" jade market has shown significant activity in 2024, reflecting broader trends in the precious stones sector. As of 2024, the country exported 8,490 kg of precious or semi-precious stones, including unwnd or simply sawn jade, at a total value of $10,000. This export volume highlights the Philippines" role as a notable player in the global gemstones market, focusing on raw material supply. On the import side, the Philippines acquired 3,001. 82 kg of similar gemstone varieties with a total expenditure of $46,017. This represents a substantial increase in import volume from the previous year, which recorded only 294. 366 kg with an expenditure of $43,451. This 2024 data suggests a growing demand for jade and other precious stones in the country"s domestic market, likely driven by rising consumer interest and market diversification.

Price dynamics also reveal interesting insights. The imported jade"s value has escalated from 2023 to 2024, with a noticeable increase in unit cost, indicating either an enhancement in the quality of the imported stones or heightened market competition driving up prices. Such trends could impact profit margins for domestic traders and influence strategic sourcing decisions. The Philippine gemstones market is poised for expansion, with increasing import volumes suggesting stronger domestic consumption and potential for higher export activities. Businesses looking to tap into this market can benefit from platforms like Aritral, which offers tools for product listing, direct communication with suppliers, and global sales assistance. With AI-powered marketing solutions and efficient profile management, Aritral simplifies international trade, making it an invaluable resource for stakeholders in the jade and broader gemstone industries.