2018
Exports
$217MWorld Rnk 25 / 136
Flag Rnk 98 / 1208
2022
PRODUCT COMPLEXITY IN Diamonds
-1.32Rnk 916 / 1025
2018
Imports
$416MWorld Rnk 20 / 159
Flag Rnk 125 / 1206
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2018, Australia exported $217M in Diamonds, making it the 25th largest exporter of Diamonds in the world. At the same year, Diamonds was the 98th most exported product in Australia. The main destination of Diamonds exports from Australia are: United States ($47M), Hong Kong ($37.2M), Australia ($27.8M), Singapore ($26.3M), and Botswana ($15.7M).

The fastest growing export markets for Diamonds of Australia between 2021 and 2022 were Botswana ($13.3M), France ($3.63M), and United Kingdom ($2.43M).

Imports In 2022, Australia imported $416M in Diamonds, becoming the 20th largest importer of Diamonds in the world. At the same year, Diamonds was the 125th most imported product in Australia. Australia imports Diamonds primarily from: India ($211M), Hong Kong ($40.9M), United States ($32.4M), Israel ($31.6M), and Australia ($27.8M).

The fastest growing import markets in Diamonds for Australia between 2021 and 2022 were Botswana ($11.7M), Hong Kong ($10.4M), and Canada ($6.06M).

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)$217M
IMPORTS (2022)$416M
NET TRADE (2022)-$198M

In 2022, Australia exported $217M in Diamonds. The main destinations of Australia exports on Diamonds were United States ($47M), Hong Kong ($37.2M), Australia ($27.8M), Singapore ($26.3M), and Botswana ($15.7M).

In 2022, Australia imported $416M in Diamonds, mainly from India ($211M), Hong Kong ($40.9M), United States ($32.4M), Israel ($31.6M), and Australia ($27.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Diamonds EXPORT MARKETS FOR Australia WERE (2021 - 2022):
Botswana$13.3M (560%)
France$3.63M (240%)
United Kingdom$2.43M (243%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Diamonds BY Australia WERE (2021 - 2022):
China-$147M (-98.7%)
Australia-$68.8M (-71.2%)
Belgium-$42.3M (-81%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Diamonds were:
In 2022, Australia'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+ $32.1M
TOP IMPORT POTENTIALIndia+ $59.5M

Diamonds’s highest export potential is United States. With an export gap of $32.1M.   Diamonds’s highest import potential is India with an import gap of $59.5M.

See methodology.

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