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Diamonds, whether or not worked, but not mounted or set

7102 (Harmonized System 1992 for 4-digit)

2022
World Trade $123BRnk 25 / 1218
2022
Top Exporter | Top Importer $25.9B | $26.1BIndia | India
2022
Product Complexity -1.67Rnk 978 / 1033
2021 - 2022
Export Growth (CAGR) 7.75%Rnk 491 / 1218
2022
Share of World Trade 0.52%Rnk 25 / 1218

About

Overview This page contains the latest trade data of Diamonds. In 2022, Diamonds were the world's 25th most traded product, with a total trade of $123B. Between 2021 and 2022 the exports of Diamonds grew by 7.75%, from $114B to $123B. Trade in Diamonds represent 0.52% 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 2022 the top exporters of Diamonds  were India ($25.9B), United Arab Emirates ($15.5B), Belgium ($14.7B), United States ($12.4B), and Israel ($10.5B).

Imports In 2022 the top importers of Diamonds were India ($26.1B), United States ($20.3B), United Arab Emirates ($17.5B), Hong Kong ($14.3B), and Belgium ($13.4B).

Ranking Diamonds ranks 978th 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.

Latest Trends

Latest Data

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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.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)India$25.9B
Top Destination (2022)India$26.1B

In 2022 Diamonds were the world's 25th most traded product (out of 1,218).

In 2022, the top exporters of Diamonds were India ($25.9B), United Arab Emirates ($15.5B), Belgium ($14.7B), United States ($12.4B), and Israel ($10.5B).

In 2022, the top importers of Diamonds were India ($26.1B), United States ($20.3B), United Arab Emirates ($17.5B), Hong Kong ($14.3B), and Belgium ($13.4B).

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Exporters of Diamonds (2022)
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Importers of Diamonds (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Angola$2.26B
Top Destination Growth (2021 -  2022)United Arab Emirates$3.93B

Between 2021 and 2022, the exports of Diamonds grew the fastest in Angola ($2.26B), United Arab Emirates ($1.95B), Israel ($1.43B), Belgium ($783M), and Vietnam ($554M).

Between 2021 and 2022, the fastest growing importers of Diamonds were United Arab Emirates ($3.93B), United States ($2.26B), Thailand ($961M), Singapore ($829M), and Switzerland ($689M).

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Exporters of Diamonds (2021 - 2022)

Importers of Diamonds (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Diamonds.

In 2022, market concentration measured using Shannon Entropy, was 3.79. This means that most of the exports of Diamonds are explained by 13 countries.

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Value of Exports in Diamonds

Net Trade

TOP NET EXPORTER (2022)South Africa$5.62B
TOP NET IMPORTER (2022)Hong Kong$10.2B

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Diamonds were South Africa ($5.62B), Botswana ($5.27B), Angola ($5B), Russia ($4.45B), and Israel ($3.2B).

In 2022, the countries that had a largest trade value in imports than in exports of Diamonds were Hong Kong ($10.2B), United States ($7.93B), China ($2.17B), United Arab Emirates ($1.98B), and Switzerland ($1.28B).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Diamonds, disaggragated by their HS6 level were Diamonds (jewellery) worked but not mounted... ($75.3B), Diamonds (jewellery) unworked or simply sawn,... ($43.1B), Diamonds, industrial, unworked or simply sawn,... ($2.64B), Unsorted diamonds ($1.59B), and Diamonds industrial, worked ($326M)

HS6 Disaggregation for Diamonds (2022)
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Country Comparison

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Measure
Ranking

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.

Top 10 Exporters Countries of Diamonds by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $201M
TOP IMPORT POTENTIALIndia+ $206M

Diamonds’s highest export potential is United States. With an export gap of $201M.  Diamonds’s highest import potential is India with an import gap of $206M.

See methodology.

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Product Complexity

Diversification Frontier

Specialization

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.

Relatedness vs Country Complexity (2022)

Related Products

This visualization shows products that are likely to be exported by countries that export Diamonds.

Country by Relatedness

The following visualization shows the relatedness of Diamonds to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2022)

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