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710229 (Harmonized System 1992 for 6-digit)

2023
World Trade $297MRnk 3344 / 4644
2023
Top Exporter | Top Importer $62.5M | $67.9MCambodia | United States
2023
Product Complexity -0.66Rnk 3435 / 4656
2022 - 2023
Export Growth (CAGR) -15.3%Rnk 3257 / 4644
2023
Share of World Trade 0.0013%Rnk 3344 / 4644

About

Overview This page contains the latest trade data of Diamonds industrial, worked. In 2023, Diamonds industrial, worked were the world's 3344th most traded product, with a total trade of $297M. Between 2022 and 2023 the exports of Diamonds industrial, worked decreased by -15.3%, from $350M to $297M. Trade in Diamonds industrial, worked represent 0.0013% of total world trade.

Diamonds industrial, worked are a part of Diamonds.

Exports In 2023 the top exporters of Diamonds industrial, worked  were Cambodia ($62.5M), United States ($42.8M), Botswana ($33.7M), India ($32.7M), and Armenia ($24.2M).

Imports In 2023 the top importers of Diamonds industrial, worked were United States ($67.9M), Cambodia ($66.2M), Indonesia ($41.3M), Russia ($24.2M), and Hong Kong ($18.3M).

Ranking Diamonds industrial, worked ranks 3435th in the Product Complexity Index (PCI).

Description Diamonds are used in many industrial processes, such as cutting, grinding, and drilling. The hardness of diamonds make them perfect for these tasks. They are also able to withstand high temperatures.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Diamonds industrial, worked. 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 (2023)Cambodia$62.5M
Top Destination (2023)United States$67.9M

In 2023 Diamonds industrial, worked were the world's 3344th most traded product (out of 4,644).

In 2023, the top exporters of Diamonds industrial, worked were Cambodia ($62.5M), United States ($42.8M), Botswana ($33.7M), India ($32.7M), and Armenia ($24.2M).

In 2023, the top importers of Diamonds industrial, worked were United States ($67.9M), Cambodia ($66.2M), Indonesia ($41.3M), Russia ($24.2M), and Hong Kong ($18.3M).

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Exporters of Diamonds industrial, worked (2023)
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Importers of Diamonds industrial, worked (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Cambodia$40.4M
Top Destination Growth (2022 -  2023)United States$37.2M

Between 2022 and 2023, the exports of Diamonds industrial, worked grew the fastest in Cambodia ($40.4M), United States ($20.7M), Australia ($3.52M), Mauritius ($2.93M), and Armenia ($2.64M).

Between 2022 and 2023, the fastest growing importers of Diamonds industrial, worked were United States ($37.2M), Indonesia ($21.1M), India ($4.71M), Russia ($2.59M), and Belgium ($1.3M).

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Exporters of Diamonds industrial, worked (2022 - 2023)

Importers of Diamonds industrial, worked (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Diamonds industrial, worked.

In 2023, market concentration measured using Shannon Entropy, was 3.82. This means that most of the exports of Diamonds industrial, worked are explained by 14 countries.

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Value of Exports in Diamonds industrial, worked

Net Trade

TOP NET EXPORTER (2023)Botswana$33.7M
TOP NET IMPORTER (2023)Indonesia$39.3M

This map shows which countries export or import more of Diamonds industrial, worked. Each country is colored based on the difference in exports and imports of Diamonds industrial, worked during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Diamonds industrial, worked were Botswana ($33.7M), India ($25.9M), Armenia ($24.2M), Malaysia ($7.93M), and Thailand ($7.49M).

In 2023, the countries that had a largest trade value in imports than in exports of Diamonds industrial, worked were Indonesia ($39.3M), United States ($25.1M), Russia ($24.1M), Hong Kong ($16M), and Lebanon ($4.29M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Diamonds industrial, worked.
It is possible to select the main countries that export or import Diamonds industrial, worked in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Diamonds industrial, worked by percentage of total exports

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 (2023)

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