Diamonds in   India

Exports In 2020, India exported $16B in Diamonds, making it the 1st largest exporter of Diamonds in the world. At the same year, Diamonds was the 3rd most exported product in India. The main destination of Diamonds exports from India are: United States ($5.98B), Hong Kong ($4.92B), Belgium ($1.28B), United Arab Emirates ($1.19B), and Israel ($632M).

The fastest growing export markets for Diamonds of India between 2019 and 2020 were Vietnam ($15.4M), Chinese Taipei ($4.5M), and Germany ($4.26M).

Imports In 2020, India imported $15.8B in Diamonds, becoming the 1st largest importer of Diamonds in the world. At the same year, Diamonds was the 4th most imported product in India. India imports Diamonds primarily from: United Arab Emirates ($4.16B), United States ($3.32B), Belgium ($3.23B), Hong Kong ($2.31B), and Botswana ($891M).

The fastest growing import markets in Diamonds for India between 2019 and 2020 were Russia ($93.1M), Switzerland ($23.1M), and France ($1.16M).

Tariffs In 2018, the average tariff for India in Diamonds was 8.18%. The countries with the highest import tariffs for Diamonds were Angola (Most Favoured Nation duty rate treatement, 10%), Botswana (Most Favoured Nation duty rate treatement, 10%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 10%), Cameroon (Most Favoured Nation duty rate treatement, 10%), and Democratic Republic of the Congo (Most Favoured Nation duty rate treatement, 10%).