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680421 (Harmonized System 1992 for 6-digit)

2022
World Trade $2.13BRnk 1430 / 4648
2022
Top Exporter | Top Importer $465M | $236MChina | United States
2022
Product Complexity 1.28Rnk 400 / 4653
2021 - 2022
Export Growth (CAGR) -1.8%Rnk 3235 / 4648
2022
Share of World Trade 0.009%Rnk 1430 / 4648

About

Overview This page contains the latest trade data of Grindstones etc of synthetic or natural diamond. In 2022, Grindstones etc of synthetic or natural diamond were the world's 1430th most traded product, with a total trade of $2.13B. Between 2021 and 2022 the exports of Grindstones etc of synthetic or natural diamond decreased by -1.8%, from $2.17B to $2.13B. Trade in Grindstones etc of synthetic or natural diamond represent 0.009% of total world trade.

Grindstones etc of synthetic or natural diamond are a part of Milling Stones.

Exports In 2022 the top exporters of Grindstones etc of synthetic or natural diamond  were China ($465M), Italy ($251M), Japan ($209M), Germany ($202M), and South Korea ($199M).

Imports In 2022 the top importers of Grindstones etc of synthetic or natural diamond were United States ($236M), Germany ($227M), China ($189M), France ($89.4M), and Spain ($86.2M).

Ranking Grindstones etc of synthetic or natural diamond ranks 400th in the Product Complexity Index (PCI).

Description A stone's hardness is measured on the Mohs scale. The Mohs scale is numbered from 1-10, with 1 being the softest and 10 being the hardest. Diamond falls in the 10 category, which is the hardest. Diamond is used for grinding and polishing, as it can be used to grind down the hardest materials.

Latest Trends

Latest Data

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Flow
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The following visualization shows the latest trends on Grindstones etc of synthetic or natural diamond. 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)China$465M
Top Destination (2022)United States$236M

In 2022 Grindstones etc of synthetic or natural diamond were the world's 1430th most traded product (out of 4,648).

In 2022, the top exporters of Grindstones etc of synthetic or natural diamond were China ($465M), Italy ($251M), Japan ($209M), Germany ($202M), and South Korea ($199M).

In 2022, the top importers of Grindstones etc of synthetic or natural diamond were United States ($236M), Germany ($227M), China ($189M), France ($89.4M), and Spain ($86.2M).

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Exporters of Grindstones etc of synthetic or natural diamond (2022)
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Importers of Grindstones etc of synthetic or natural diamond (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Austria$26.9M
Top Destination Growth (2021 -  2022)United States$18.6M

Between 2021 and 2022, the exports of Grindstones etc of synthetic or natural diamond grew the fastest in Austria ($26.9M), United States ($15.1M), India ($10.5M), South Korea ($4.29M), and Singapore ($2.69M).

Between 2021 and 2022, the fastest growing importers of Grindstones etc of synthetic or natural diamond were United States ($18.6M), China ($11.7M), United Kingdom ($7.55M), Turkey ($6.31M), and Kazakhstan ($5.06M).

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Exporters of Grindstones etc of synthetic or natural diamond (2021 - 2022)

Importers of Grindstones etc of synthetic or natural diamond (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Grindstones etc of synthetic or natural diamond.

In 2022, market concentration measured using Shannon Entropy, was 4.02. This means that most of the exports of Grindstones etc of synthetic or natural diamond are explained by 16 countries.

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Value of Exports in Grindstones etc of synthetic or natural diamond

Net Trade

TOP NET EXPORTER (2022)China$276M
TOP NET IMPORTER (2022)United States$148M

This map shows which countries export or import more of Grindstones etc of synthetic or natural diamond. Each country is colored based on the difference in exports and imports of Grindstones etc of synthetic or natural diamond during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Grindstones etc of synthetic or natural diamond were China ($276M), Japan ($182M), South Korea ($176M), Italy ($175M), and Austria ($61.5M).

In 2022, the countries that had a largest trade value in imports than in exports of Grindstones etc of synthetic or natural diamond were United States ($148M), France ($66M), Brazil ($65.6M), Spain ($54M), and Chinese Taipei ($48.2M).

Net Trade (2022)

Country Comparison

Flow
Measure
Ranking

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

Top 10 Exporters Countries of Grindstones etc of synthetic or natural diamond 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 (2022)

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