Malaysia's Jewelry Trade Surges to Record RM22.46 Billion in 2025

Malaysia's jewelry trade achieved a historic milestone in 2025, reaching RM22.46 billion, a significant 22.5% increase that underscores the industry's robust performance. This record achievement reflects strong export and import figures, demonstrating the resilience and competitiveness of Malaysia's jewelry sector amidst global economic challenges.

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Exports of jewelry increased by 9.3 percent to RM10.1 billion, with personal adornments contributing the largest share at 85.5 percent. During the same period, imports surged 35.8 percent to RM12.3 billion, indicating strong domestic demand and strengthening Malaysia's role in the global retail supply chain.

Exports of jewelry saw a healthy rise of 9.3%, totaling RM10.1 billion. Personal adornments constituted the largest share, accounting for 85.5% of this export value. Concurrently, imports experienced a substantial jump of 35.8%, reaching RM12.3 billion. This surge in imports signals a vigorous domestic demand and reinforces Malaysia's role within the global retail supply chain.

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The United Arab Emirates (UAE) is the largest export destination with a value of RM3.4 billion or 33.9 percent, followed by Singapore with RM3.1 billion (30.2 percent), Thailand with RM1.1 billion (10.7 percent), Australia with RM700 million (6.8 percent), and Hong Kong with RM600 million (6.2 percent).

According to S. Jai Shankar, Deputy CEO of Matrade Export Acceleration, Malaysia's export performance continues to be bolstered by international trading partners who place high confidence in the quality and capabilities of local manufacturers. The United Arab Emirates emerged as the primary export destination, with purchases valued at RM3.4 billion, representing 33.9% of Malaysia's total jewelry exports. Singapore followed closely with RM3.1 billion (30.2%), trailed by Thailand (RM1.1 billion, 10.7%), Australia (RM700 million, 6.8%), and Hong Kong (RM600 million, 6.2%).

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The growth momentum continues into 2026, with jewelry trade for the period of January to June 2026 increasing by 10 percent to RM12.13 billion.

The growth momentum is projected to continue into 2026, with jewelry trade from January to June already showing a 10% increase to RM12.13 billion. Shankar attributed this sustained performance to the strength of manufacturers, the adaptability of traders to market shifts, and growing international trust in Malaysia's jewelry trade capabilities. The industry benefits from a comprehensive ecosystem including skilled labor, manufacturers, artisans, and micro-financing partners, with the 916 gold standard being a key industry strength. Furthermore, Penang and the Klang Valley serve as the main hubs for gold jewelry production, collectively contributing over 80% of the nation's output. The unique blend of modern technology, such as 3D carving, with Malaysia's multicultural heritage, incorporating Malay, Chinese, Indian, and modern minimalist elements, results in products with distinct identities. Malaysia's long-standing history as a global jewelry exporter and its position as a key player in the ASEAN gold industry further solidify its standing.

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The performance reflects the strength of producers, the ability of traders to adapt to market changes, and increased international confidence in Malaysia's capabilities in jewelry trade.