DiamondsDiamonds, whether or not worked, but not mounted or set
7102 (Harmonized System 1992 for 4-digit)
2021 World Trade: $114B, Rnk 24 / 1217
2021 Top Exporter | Top Importer: $26.3B | $26B, India | India
2021 Product Complexity: -1.42, Rnk 933 / 1024
2020 - 2021 Export Growth (CAGR): 55.6%, Rnk 76 / 1217
2018 Mean Tariff: 6.74%, Rnk 637 / 1259
2021 Share of World Trade: 0.54%, Rnk 24 / 1217
Overview This page contains the latest trade data of Diamonds. In 2021, Diamonds were the world's 24th most traded product, with a total trade of $114B. Between 2020 and 2021 the exports of Diamonds grew by 55.6%, from $73.5B to $114B. Trade in Diamonds represent 0.54% 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 2021 the top exporters of Diamonds were India ($26.3B), Belgium ($13.9B), United Arab Emirates ($13.6B), United States ($12.1B), and Israel ($9.06B).
Imports In 2021 the top importers of Diamonds were India ($26B), United States ($18.2B), Hong Kong ($14.6B), Belgium ($13.7B), and United Arab Emirates ($13.6B).
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 933rd 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 24th most traded product.
In 2021, the top exporters of Diamonds were India ($26.3B), Belgium ($13.9B), United Arab Emirates ($13.6B), United States ($12.1B), and Israel ($9.06B).
In 2021, the top importers of Diamonds were India ($26B), United States ($18.2B), Hong Kong ($14.6B), Belgium ($13.7B), and United Arab Emirates ($13.6B).
Trade by country
Between 2020 and 2021, the exports of Diamonds grew the fastest in India ($9.77B), United Arab Emirates ($6.69B), Belgium ($5.05B), United States ($4.51B), and Israel ($3.29B).
Between 2020 and 2021, the fastest growing importers of Diamonds were India ($10.1B), United States ($6.89B), Belgium ($5.46B), United Arab Emirates ($4.43B), and Hong Kong ($3.73B).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Diamonds.
In 2021, market concentration measured using Shannon Entropy, was 3.68. This means that most of the exports of Diamonds are explained by 12 countries.
TOP NET EXPORTER (2021): South Africa, $6.53B
TOP NET IMPORTER (2021): Hong Kong, $10.3B
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 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Diamonds were South Africa ($6.53B), Russia ($4.37B), Botswana ($4.17B), Angola ($2.77B), and Israel ($2.33B).
In 2021, the countries that had a largest trade value in imports than in exports of Diamonds were Hong Kong ($10.3B), United States ($6.09B), China ($3.74B), United Kingdom ($838M), and Italy ($677M).
In 2021, the world most traded Diamonds, disaggragated by their HS6 level were Diamonds (jewellery) worked but not mounted... ($69B), Diamonds (jewellery) unworked or simply sawn,... ($42.6B), Unsorted diamonds ($1.92B), Diamonds, industrial, unworked or simply sawn,... ($726M), and Diamonds industrial, worked ($183M)
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.
Have questions, comments, or concerns?
Send us an e-mail: [email protected]
v5.1.17 quail