2023
Exports
$205MWorld Rnk 27 / 135
Flag Rnk 199 / 1173
2023
PRODUCT COMPLEXITY IN Diamonds
-1.54Rnk 950 / 1025
2023
Imports
$342MWorld Rnk 18 / 158
Flag Rnk 162 / 1199
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $205M in Diamonds, making it the 27th largest exporter of Diamonds in the world. At the same year, Diamonds was the 199th most exported product in Vietnam. The main destination of Diamonds exports from Vietnam are: United States ($77M), Italy ($73.6M), Belgium ($20.9M), Singapore ($12.4M), and Canada ($6.28M).

The fastest growing export markets for Diamonds of Vietnam between 2022 and 2023 were Switzerland ($2.15M), United States ($1.89M), and Cambodia ($1.15M).

Imports In 2023, Vietnam imported $342M in Diamonds, becoming the 18th largest importer of Diamonds in the world. At the same year, Diamonds was the 162nd most imported product in Vietnam. Vietnam imports Diamonds primarily from: Belgium ($111M), Hong Kong ($67.5M), Mauritius ($66.8M), United States ($55.1M), and Botswana ($17.4M).

The fastest growing import markets in Diamonds for Vietnam between 2022 and 2023 were Hong Kong ($40.1M), United States ($13.5M), and Italy ($168k).

Latest Trends

Dec 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 (2023)$205M
IMPORTS (2023)$342M
NET TRADE (2023)-$136M

In 2023, Vietnam exported $205M in Diamonds. The main destinations of Vietnam exports on Diamonds were United States ($77M), Italy ($73.6M), Belgium ($20.9M), Singapore ($12.4M), and Canada ($6.28M).

In 2023, Vietnam imported $342M in Diamonds, mainly from Belgium ($111M), Hong Kong ($67.5M), Mauritius ($66.8M), United States ($55.1M), and Botswana ($17.4M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Diamonds EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):
Switzerland$2.15M (112%)
United States$1.89M (2.52%)
Cambodia$1.15M (54.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Diamonds BY Vietnam WERE (2022 - 2023):
Singapore-$249M (-95.3%)
Hong Kong-$1.64M (-35.8%)
Italy-$1.47M (-1.96%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Vietnam's main exporting competitors in Diamonds were:
In 2023, Vietnam'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+ $45.1M
TOP IMPORT POTENTIALIndia+ $62.5M

Diamonds’s highest export potential is United States. With an export gap of $45.1M.   Diamonds’s highest import potential is India with an import gap of $62.5M.

See methodology.

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