Overview: In 2018, Diamonds were the world's 21st most traded product, with a total trade of $116B. Between 2017 and 2018 the exports of Diamonds grew by 13%, from $102B to $116B. Trade in Diamonds represent 0.63% of total world trade.
Exports: In 2018 the top exporters of Diamonds were India ($26.3B), Belgium-Luxembourg ($16.6B), United States ($14.8B), Israel ($10.7B), and United Arab Emirates ($10.2B).
Imports: In 2018 the top importers of Diamonds were India ($24.9B), United States ($20.2B), Hong Kong ($19.6B), Belgium-Luxembourg ($16.4B), and United Arab Emirates ($11.1B).
Tariffs: In 2018 the average tariff for Diamonds was 6.7%, been the 639 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Diamonds are Angola (50%), Barbados (45.3%), Belize (44.5%), Ethiopia (34.7%), and Trinidad and Tobago (33.1%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Japan (0%), and Lebanon (0%).
Ranking: Diamonds ranks 854th in the Product Complexity Index (PCI).