HS Icon Diamonds

7102 (Harmonized System 1992 for 4-digit)

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 metals, gems and jewelry. They include Diamonds (jewellery) worked but not mounted or set, Diamonds (jewellery) unworked or simply sawn, cleaved, Diamonds, unsorted, 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.

The countries with the highest import tariffs for Diamonds are Angola (50%), Barbados (45.3%), and Belize (43.9%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Japan (0%), and Lebanon (0%).

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.

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Y-AXIS SCALE

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.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2020): India, $16B

Top Destination (2020): India, $15.8B

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).

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Market Dynamics

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Trade by country

Value

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).

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Market Concentration

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Cumulative market share

Value

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.

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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).

Disaggregation

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Value

In 2019, 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), Diamonds, unsorted ($1.26B), Diamonds, industrial, unworked or simply sawn,... ($298M), and Diamonds industrial, worked ($200M)

Country Comparison

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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.

Import Tariffs

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In 2018, the average tariff for importing Diamonds was 6.74%. The countries with the highest tariffs for importing Diamonds were Angola (50%), Barbados (45.3%), and Belize (43.9%).

Product Complexity

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Diversification Frontier

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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.

Country by Relatedness

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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.