Diamonds in   India

Exports In 2021, India exported $26.3B in Diamonds, making it the 1st largest exporter of Diamonds in the world. At the same year, Diamonds was the 2nd most exported product in India. The main destination of Diamonds exports from India are: United States ($10.2B), Hong Kong ($6.75B), Belgium ($2.38B), United Arab Emirates ($2.23B), and Israel ($1.41B).

The fastest growing export markets for Diamonds of India between 2020 and 2021 were United States ($4.19B), Hong Kong ($1.82B), and Belgium ($1.11B).

Imports In 2021, India imported $26B 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 ($8.74B), United States ($5.3B), Belgium ($5.15B), Hong Kong ($2.19B), and Botswana ($1.29B).

The fastest growing import markets in Diamonds for India between 2020 and 2021 were United Arab Emirates ($4.58B), United States ($1.98B), and Belgium ($1.92B).

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 treatment, 10%), Botswana (Most Favoured Nation duty rate treatment, 10%), Cote d'Ivoire (Most Favoured Nation duty rate treatment, 10%), Cameroon (Most Favoured Nation duty rate treatment, 10%), and Democratic Republic of the Congo (Most Favoured Nation duty rate treatment, 10%).