Diamonds in United Kingdom | The Observatory of Economic Complexity

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Exports In 2022, United Kingdom exported $1.07B in Diamonds, making it the 17th largest exporter of Diamonds in the world. At the same year, Diamonds was the 76th most exported product in United Kingdom. The main destination of Diamonds exports from United Kingdom are: Belgium ($222M), Hong Kong ($181M), France ($123M), Israel ($114M), and United States ($105M).

The fastest growing export markets for Diamonds of United Kingdom between 2021 and 2022 were Israel ($101M), France ($77.9M), and Belgium ($58.3M).

Imports In 2022, United Kingdom imported $1.79B in Diamonds, becoming the 12th largest importer of Diamonds in the world. At the same year, Diamonds was the 79th most imported product in United Kingdom. United Kingdom imports Diamonds primarily from: United States ($408M), Israel ($385M), Belgium ($347M), India ($216M), and United Kingdom ($100M).

The fastest growing import markets in Diamonds for United Kingdom between 2021 and 2022 were United States ($174M), Switzerland ($64.9M), and Lesotho ($30.8M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Diamonds from United Kingdom to the United States.

Latest Trends

January 2024

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Overview In January 2024 United Kingdom's Diamonds exports accounted up to £35.6M and imports accounted up to £69.2M, resulting in a negative trade balance of £33.5M. Between January 2023 and January 2024 the exports of United Kingdom's Diamonds have increased by £12.1M (51.2%) from £23.6M to £35.6M, while imports increased by £21.2M (44.2%) from £48M to £69.2M.

Destinations In January 2024, Diamonds were exported mostly to United States (£18.6M), Thailand (£4.97M), Israel (£2.78M), Hong Kong (£2.1M), and Belgium (£2.05M), and were imported mostly from Belgium (£26.9M), India (£10.7M), United States (£9.94M), Israel (£7.91M), and Hong Kong (£7.72M).

Growth In January 2024, the increase in Diamonds's year-by-year exports was explained primarily by an increase in exports to Thailand (£253k or 304%), France (£177k or 12.4%), and Finland (£162k or 2.15k%). In January 2024, the increase in Diamonds's year-by-year imports was explained primarily by an increase in imports from Thailand (£3.76M or 73k%), United Arab Emirates (£2.48M or 3.35k%), and India (£935k or 9.43%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)£12.1M(51.2%)

IMPORT GROWTH (January 2023 - January 2024)£21.2M(44.2%)

MAIN EXPORTER (January 2024)London Heathrow Airport£33.5M

MAIN DESTINATION (January 2024)United States£18.6M

This section shows Diamonds's exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Diamonds over time.

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