Diamonds in South Africa | The Observatory of Economic Complexity

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Exports In 2018, South Africa exported $6.22B in Diamonds, making it the 7th largest exporter of Diamonds in the world. At the same year, Diamonds was the 5th most exported product in South Africa. The main destination of Diamonds exports from South Africa are: China ($3.36B), United Arab Emirates ($1.28B), Botswana ($510M), Belgium ($424M), and United States ($236M).

The fastest growing export markets for Diamonds of South Africa between 2021 and 2022 were United Arab Emirates ($509M), Botswana ($48M), and Israel ($16M).

Imports In 2022, South Africa imported $600M in Diamonds, becoming the 15th largest importer of Diamonds in the world. At the same year, Diamonds was the 30th most imported product in South Africa. South Africa imports Diamonds primarily from: Botswana ($250M), United States ($114M), Singapore ($51.9M), Namibia ($41.4M), and India ($37.7M).

The fastest growing import markets in Diamonds for South Africa between 2021 and 2022 were Botswana ($64.5M), Singapore ($51.8M), and United Kingdom ($12.8M).

Latest Trends

August 2024

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Overview In August 2024 South Africa's Diamonds exports accounted up to ZAR2.27B and imports accounted up to ZAR346M, resulting in a positive trade balance of ZAR1.92B. Between August 2023 and August 2024 the exports of South Africa's Diamonds have decreased by ZAR-1.87B (-45.2%) from ZAR4.14B to ZAR2.27B, while imports decreased by ZAR-1.13B (-76.5%) from ZAR1.48B to ZAR346M.

Destinations In August 2024, Diamonds were exported mostly to United Arab Emirates (ZAR1.76B), Botswana (ZAR264M), Israel (ZAR74M), United States (ZAR73.3M), and Belgium (ZAR50.2M), and were imported mostly from Special Categories (ZAR224M), South Africa (ZAR67.8M), India (ZAR34.6M), Namibia (ZAR12.5M), and Botswana (ZAR3.72M).

Growth In August 2024, the decrease in Diamonds's year-by-year exports was explained primarily by a decrease in exports to Hong Kong (ZAR-201M or -94.6%), Belgium (ZAR-131M or -65.5%), and Israel (ZAR-33.5M or -44.8%). In August 2024, the decrease in Diamonds's year-by-year imports was explained primarily by a decrease in imports from Special Categories (ZAR-331M or -44.5%), Botswana (ZAR-195M or -62.5%), and South Africa (ZAR-105M or -91.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2023 - August 2024)ZAR-1.87B(-45.2%)

IMPORT GROWTH (August 2023 - August 2024)ZAR-1.13B(-76.5%)

MAIN EXPORTER (August 2024)O.r. Tambo Int AirportZAR3.28B

MAIN DESTINATION (August 2024)United Arab EmiratesZAR1.76B

This section shows Diamonds's exports and imports data at subnational level for South Africa. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Diamonds over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$6.22B

IMPORTS (2022)$600M

NET TRADE (2022)$5.62B

In 2022, South Africa exported $6.22B in Diamonds. The main destinations of South Africa exports on Diamonds were China ($3.36B), United Arab Emirates ($1.28B), Botswana ($510M), Belgium ($424M), and United States ($236M).

In 2022, South Africa imported $600M in Diamonds, mainly from Botswana ($250M), United States ($114M), Singapore ($51.9M), Namibia ($41.4M), and India ($37.7M).

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