2023
Exports
$709MWorld Rnk 16 / 135
Flag Rnk 2 / 973
2023
PRODUCT COMPLEXITY IN Diamonds
-1.54Rnk 950 / 1025
2023
Imports
$736MWorld Rnk 14 / 158
Flag Rnk 3 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Exports In 2023, Armenia exported $709M in Diamonds, making it the 16th largest exporter of Diamonds in the world. At the same year, Diamonds was the 2nd most exported product in Armenia. The main destination of Diamonds exports from Armenia are: United Arab Emirates ($322M), Russia ($234M), Botswana ($114M), Belgium ($23.2M), and Israel ($7.02M).

The fastest growing export markets for Diamonds of Armenia between 2022 and 2023 were United Arab Emirates ($126M), Botswana ($114M), and Russia ($77.6M).

Imports In 2023, Armenia imported $736M in Diamonds, becoming the 14th largest importer of Diamonds in the world. At the same year, Diamonds was the 3rd most imported product in Armenia. Armenia imports Diamonds primarily from: Russia ($269M), India ($156M), Hong Kong ($130M), Curaçao ($89.9M), and United Arab Emirates ($48.7M).

The fastest growing import markets in Diamonds for Armenia between 2022 and 2023 were Russia ($90.9M), India ($55.8M), and Hong Kong ($55.6M).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Diamonds. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$709M
IMPORTS (2023)$736M
NET TRADE (2023)-$26.4M

In 2023, Armenia exported $709M in Diamonds. The main destinations of Armenia exports on Diamonds were United Arab Emirates ($322M), Russia ($234M), Botswana ($114M), Belgium ($23.2M), and Israel ($7.02M).

In 2023, Armenia imported $736M in Diamonds, mainly from Russia ($269M), India ($156M), Hong Kong ($130M), Curaçao ($89.9M), and United Arab Emirates ($48.7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Diamonds EXPORT MARKETS FOR Armenia WERE (2022 - 2023):
Botswana$114M (1%)
Russia$77.6M (49.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Diamonds BY Armenia WERE (2022 - 2023):
Belgium-$18.7M (-44.7%)
Belarus-$5.11M (-83.1%)
Israel-$2.27M (-24.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Armenia's main exporting competitors in Diamonds were:
In 2023, Armenia's main importing competitors in Diamonds were:

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Trade Value of Diamonds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $13.1M
TOP IMPORT POTENTIALIndia+ $18.1M

Diamonds’s highest export potential is United States. With an export gap of $13.1M.   Diamonds’s highest import potential is India with an import gap of $18.1M.

See methodology.

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