Diamonds in United States | The Observatory of Economic Complexity

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Exports In 2022, United States exported $12.4B in Diamonds, making it the 4th largest exporter of Diamonds in the world. At the same year, Diamonds was the 25th most exported product in United States. The main destination of Diamonds exports from United States are: India ($5.07B), Israel ($2.29B), Hong Kong ($1.88B), Switzerland ($646M), and United Kingdom ($408M).

The fastest growing export markets for Diamonds of United States between 2021 and 2022 were Israel ($501M), Hong Kong ($432M), and France ($181M).

Imports In 2022, United States imported $20.3B in Diamonds, becoming the 2nd largest importer of Diamonds in the world. At the same year, Diamonds was the 23rd most imported product in United States. United States imports Diamonds primarily from: India ($9.75B), Israel ($6.01B), Belgium ($1.57B), Switzerland ($427M), and Vietnam ($336M).

The fastest growing import markets in Diamonds for United States between 2021 and 2022 were Israel ($1.14B), Belgium ($713M), and Vietnam ($286M).

COMPANIES In 2023, leading companies such as MAGICAL CRUISE COMPANY LIMITED (36) and GLOBAL ETRADE SERVICES INC (6) were at the forefront of shipping Diamonds to the United States.

Latest Trends

January 2024

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Overview In January 2024 United States' Diamonds exports accounted up to $1.05B and imports accounted up to $1.29B, resulting in a negative trade balance of $236M. Between January 2023 and January 2024 the exports of United States' Diamonds have decreased by $-222M (-17.4%) from $1.27B to $1.05B, while imports decreased by $-328M (-20.3%) from $1.61B to $1.29B.

Destinations In January 2024, Diamonds were exported mostly to Israel ($262M), India ($209M), Belgium ($144M), Hong Kong ($131M), and United Arab Emirates ($80.2M), and were imported mostly from India ($470M), Israel ($421M), Belgium ($128M), South Africa ($123M), and Hong Kong ($26.2M).

Growth In January 2024, the decrease in Diamonds's year-by-year exports was explained primarily by a decrease in exports to India ($-104M or -24.5%), United Kingdom ($-89.3M or -78.6%), and Belgium ($-36.2M or -16.8%). In January 2024, the decrease in Diamonds's year-by-year imports was explained primarily by a decrease in imports from India ($-381M or -38%), Russia ($-7.88M or -99.9%), and Israel ($-3.62M or -0.64%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-222M(-17.4%)

IMPORT GROWTH (January 2023 - January 2024)$-328M(-20.3%)

MAIN EXPORTER (January 2024)New York$874M

MAIN DESTINATION (January 2024)Israel$262M

This section shows Diamonds's exports and imports data at subnational level for United States. 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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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$12.4B

IMPORTS (2022)$20.3B

NET TRADE (2022)-$7.93B

In 2022, United States exported $12.4B in Diamonds. The main destinations of United States exports on Diamonds were India ($5.07B), Israel ($2.29B), Hong Kong ($1.88B), Switzerland ($646M), and United Kingdom ($408M).

In 2022, United States imported $20.3B in Diamonds, mainly from India ($9.75B), Israel ($6.01B), Belgium ($1.57B), Switzerland ($427M), and Vietnam ($336M).

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