Diamonds7102 (Harmonized System 1992 for 4-digit)
2020 World Trade: $72.4B, Rnk 33 / 1217
2020 Top Exporter | Top Importer: $16B | $15.8B, India | India
2020 Product Complexity: -0.99, Rnk 833 / 1028
2019 - 2020 Export Growth (CAGR): -31.7%, Rnk 1158 / 1217
2018 Mean Tariff: 6.74%, Rnk 637 / 1259
2020 Share of World Trade: 0.43%, Rnk 33 / 1217
Overview This page contains the latest trade data of Diamonds. In 2020, Diamonds were the world's 33rd most traded product, with a total trade of $72.4B. Between 2019 and 2020 the exports of Diamonds decreased by -31.7%, from $106B to $72.4B. Trade in Diamonds represent 0.43% of total world trade.
Diamonds are a part of Precious stones, metals, & pearls. They include Diamonds (jewellery) worked but not mounted or set, Diamonds (jewellery) unworked or simply sawn, cleaved, Unsorted diamonds, Diamonds, industrial, unworked or simply sawn, cleave, and Diamonds industrial, worked.
Exports In 2020 the top exporters of Diamonds were India ($16B), Belgium ($8.86B), United Arab Emirates ($7.69B), United States ($6.65B), and Israel ($5.77B).
Imports In 2020 the top importers of Diamonds were India ($15.8B), United States ($11.8B), Hong Kong ($10.8B), Belgium ($8.58B), and United Arab Emirates ($8.11B).
Tariffs In 2018 the average tariff for Diamonds was 6.74%, making it the 637th lowest tariff using the HS4 product classification.
Ranking Diamonds ranks 833rd in the Product Complexity Index (PCI).
Description Diamonds are used in the production of other goods. They can be made from a variety of materials, including carbon, silicon, and boron.
The following visualization shows the latest trends on Diamonds. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Diamonds are the world's 33rd most traded product.
In 2020, the top exporters of Diamonds were India ($16B), Belgium ($8.86B), United Arab Emirates ($7.69B), United States ($6.65B), and Israel ($5.77B).
In 2020, the top importers of Diamonds were India ($15.8B), United States ($11.8B), Hong Kong ($10.8B), Belgium ($8.58B), and United Arab Emirates ($8.11B).
Trade by country
Top Origin Growth (2019 - 2020): South Africa, $2.43B
Top Destination Growth (2019 - 2020): China, $2.3B
Between 2019 and 2020, the exports of Diamonds grew the fastest in South Africa ($2.43B), Lesotho ($83.1M), Zimbabwe ($51.2M), Armenia ($12.6M), and Lebanon ($11.5M).
Between 2019 and 2020, the fastest growing importers of Diamonds were China ($2.3B), Botswana ($54.1M), Chinese Taipei ($50M), Qatar ($30.9M), and Kazakhstan ($7.18M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Diamonds.
In 2020, market concentration measured using Shannon Entropy, was 3.76. This means that most of the exports of Diamonds are explained by 13 countries.
TOP NET EXPORTER (2020): South Africa, $4.4B
TOP NET IMPORTER (2020): Hong Kong, $6.25B
This map shows which countries export or import more of Diamonds. Each country is colored based on the difference in exports and imports of Diamonds during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Diamonds were South Africa ($4.4B), Russia ($3.23B), Israel ($3.11B), Botswana ($2.17B), and Angola ($1.4B).
In 2020, the countries that had a largest trade value in imports than in exports of Diamonds were Hong Kong ($6.25B), United States ($5.12B), China ($2.76B), Thailand ($506M), and France ($479M).
In 2020, the world most traded Diamonds, disaggragated by their HS6 level were Diamonds (jewellery) worked but not mounted... ($45.8B), Diamonds (jewellery) unworked or simply sawn,... ($24.8B), Unsorted diamonds ($1.26B), Diamonds, industrial, unworked or simply sawn,... ($298M), and Diamonds industrial, worked ($200M)
This visualization shows the countries that have an important ratio of their trade related to Diamonds. It is possible to select the main countries that export or import Diamonds in the world, or by continent, as well as select the measure of interest.
The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.
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