Diamonds in Armenia | The Observatory of Economic Complexity

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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).

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

Feb 2024

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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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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).