2023
Exports
$30.1MWorld Rnk 40 / 135
Flag Rnk 170 / 1148
falsefalseN/A
2023
PRODUCT COMPLEXITY IN Diamonds
-1.54Rnk 950 / 1025
2023
Imports
$23.9MWorld Rnk 43 / 158
Flag Rnk 571 / 1206
2023
ECONOMIC COMPLEXITY of Saudi Arabia
0.76Rnk 36 / 132

About

The fastest growing export markets for Diamonds of Saudi Arabia between 2022 and 2023 were United Kingdom ($7.12M), United States ($561k), and Switzerland ($355k).

Imports In 2023, Saudi Arabia imported $23.9M in Diamonds, becoming the 43rd largest importer of Diamonds in the world. At the same year, Diamonds was the 571st most imported product in Saudi Arabia. Saudi Arabia imports Diamonds primarily from: India ($13.7M), Switzerland ($4.63M), Belgium ($3.03M), United States ($959k), and United Arab Emirates ($828k).

Historical Data

Trade Balance

Color
EXPORTS (2023)$30.1M
IMPORTS (2023)$23.9M
NET TRADE (2023)$6.24M

In 2023, Saudi Arabia imported $23.9M in Diamonds, mainly from India ($13.7M), Switzerland ($4.63M), Belgium ($3.03M), United States ($959k), and United Arab Emirates ($828k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Diamonds EXPORT MARKETS FOR Saudi Arabia WERE (2022 - 2023):
United Kingdom$7.12M (50.5%)
United States$561k (698%)
Switzerland$355k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Diamonds BY Saudi Arabia WERE (2022 - 2023):
Singapore-$26.9M (-85%)
China-$11.1M (-93%)
Hong Kong-$673k (-53.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Saudi Arabia's main exporting competitors in Diamonds were:
In 2023, Saudi Arabia'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 Kingdom+ $2.52M
TOP IMPORT POTENTIALUnited Arab Emirates+ $14.4M

Diamonds’s highest export potential is United Kingdom. With an export gap of $2.52M.   Diamonds’s highest import potential is United Arab Emirates with an import gap of $14.4M.

See methodology.

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