HS Icon Diamonds in  Flag India

2020
Exports | Imports
: $16B | $15.8B, World Rnk 1 / 115
Flag Rnk 3 / 1215 | World Rnk 1 / 146
Flag Rnk 4 / 1207

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $15.4M | $93.1M, Vietnam |  Russia


ECONOMIC COMPLEXITY of India
: 0.56, Rnk 40 / 127


PRODUCT COMPLEXITY  IN Diamonds
: -1.2, Rnk 888 / 1028

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%).

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

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EXPORTS (2020): $16B

IMPORTS (2020): $15.8B

NET TRADE (2020): $185M

In 2020, India exported $16B in Diamonds. The main destinations of India exports on Diamonds were United States ($5.98B), Hong Kong ($4.92B), Belgium ($1.28B), United Arab Emirates ($1.19B), and Israel ($632M).

In 2020, India imported $15.8B in Diamonds, mainly from United Arab Emirates ($4.16B), United States ($3.32B), Belgium ($3.23B), Hong Kong ($2.31B), and Botswana ($891M).

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IN 2020, India HAD A POSITIVE NET TRADE IN Diamonds WITH:

IN 2020, India HAD A NEGATIVE NET TRADE IN Diamonds WITH:

Flow

THE FASTEST GROWING Diamonds EXPORT MARKETS FOR India WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Diamonds BY India WERE (2019 - 2020):

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Market Concentration

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In 2019, India's main exporting competitors in Diamonds were:

In 2019, India's main importing competitors in Diamonds were:

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Tariffs by Country

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In 2018, the average tariff for India in Diamonds was 8.18%.

The countries with the highest tariffs for Diamonds in India 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%).