2022
Exports
$425MWorld Rnk 20 / 136
Flag Rnk 3 / 945
2022
PRODUCT COMPLEXITY IN Diamonds
-1.32Rnk 916 / 1025
2022
Imports
$415MWorld Rnk 21 / 159
Flag Rnk 6 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $425M in Diamonds, making it the 20th largest exporter of Diamonds in the world. At the same year, Diamonds was the 3rd most exported product in Armenia. The main destination of Diamonds exports from Armenia are: United Arab Emirates ($196M), Russia ($156M), Belgium ($41.6M), Israel ($9.3M), and Hong Kong ($6.51M).

The fastest growing export markets for Diamonds of Armenia between 2021 and 2022 were United Arab Emirates ($192M), Russia ($101M), and Belgium ($16.9M).

Imports In 2022, Armenia imported $415M in Diamonds, becoming the 21st largest importer of Diamonds in the world. At the same year, Diamonds was the 6th most imported product in Armenia. Armenia imports Diamonds primarily from: Russia ($178M), India ($79.6M), Hong Kong ($74.7M), Belgium ($28.1M), and Belarus ($24.2M).

The fastest growing import markets in Diamonds for Armenia between 2021 and 2022 were Russia ($176M), Hong Kong ($65.4M), and India ($63.9M).

Latest Trends

Jul 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 (2022)$425M
IMPORTS (2022)$415M
NET TRADE (2022)$10.1M

In 2022, Armenia exported $425M in Diamonds. The main destinations of Armenia exports on Diamonds were United Arab Emirates ($196M), Russia ($156M), Belgium ($41.6M), Israel ($9.3M), and Hong Kong ($6.51M).

In 2022, Armenia imported $415M in Diamonds, mainly from Russia ($178M), India ($79.6M), Hong Kong ($74.7M), Belgium ($28.1M), and Belarus ($24.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Diamonds EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
United Arab Emirates$192M (4.75k%)
Russia$101M (184%)
Belgium$16.9M (68.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Diamonds BY Armenia WERE (2021 - 2022):
Canada-$432k (-53.6%)
Kazakhstan-$58.2k (-35.3%)
Bulgaria-$21.1k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Diamonds were:
In 2022, 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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