HS Icon Diamonds (jewellery) worked but not mounted or set

710239 (Harmonized System 1992 for 6-digit)

World Trade (2018): $70.6B, Rnk 27 / 4726

Top Exporter (2018): $25B, India

Top Importer (2018): $19.5B, United States

Product Complexity (2018): -0.37, Rnk 3207 / 4873

Export Growth (CAGR)(2017 - 2018): 19.6%, Rnk 1414 / 4726

Mean Tariff (2018): 7.29%, Rnk 3085 / 6538

Share of World Trade (2018): 0.38%, Rnk 27 / 4726

Overview:  This page contains the latest trade data of Diamonds (jewellery) worked but not mounted or set. In 2018, Diamonds (jewellery) worked but not mounted or set were the world's 27th most traded product, with a total trade of $70.6B. Between 2017 and 2018 the exports of Diamonds (jewellery) worked but not mounted or set grew by 19.6%, from  $59B to $70.6B. Trade in Diamonds (jewellery) worked but not mounted or set represent 0.38% of total world trade.

Exports: In 2018 the top exporters of Diamonds (jewellery) worked but not mounted or set  were India ($25B), United States ($14.4B), Israel ($8.9B), Belgium-Luxembourg ($5.81B), and Hong Kong ($4.78B).

Imports: In 2018 the top importers of Diamonds (jewellery) worked but not mounted or set were United States ($19.5B), Hong Kong ($17.5B), India ($8.09B), Belgium-Luxembourg ($5.64B), and Israel ($4.32B).

Tariffs: In 2018 the average tariff for Diamonds (jewellery) worked but not mounted or set was 7.29%, been the 3085 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Diamonds (jewellery) worked but not mounted or set are Angola (50%), Barbados (45.1%), Belize (44.2%), Cape Verde (40%), and Sudan (35%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Japan (0%), and Lebanon (0%).

Ranking: Diamonds (jewellery) worked but not mounted or set ranks 3207th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): India, $25B

Top Destination (2018): United States, $19.5B

Diamonds (jewellery) worked but not mounted or set are the world's 27th most traded product.

In 2018, the top exporters of Diamonds (jewellery) worked but not mounted or set were India ($25B), United States ($14.4B), Israel ($8.9B), Belgium-Luxembourg ($5.81B), and Hong Kong ($4.78B).

In 2018, the top importers of Diamonds (jewellery) worked but not mounted or set were United States ($19.5B), Hong Kong ($17.5B), India ($8.09B), Belgium-Luxembourg ($5.64B), and Israel ($4.32B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $8.35B

Top Destination Growth (2017 - 2018): India, $4.94B

Between 2017 and 2018, the exports of Diamonds (jewellery) worked but not mounted or set grew the fastest in United States ($8.35B), Hong Kong ($1.9B), China ($1.31B), Thailand ($1.13B), and United Arab Emirates ($859M).

Between 2017 and 2018, the fastest growing importers of Diamonds (jewellery) worked but not mounted or set were India ($4.94B), Hong Kong ($3.71B), Belgium-Luxembourg ($1.83B), Israel ($1.62B), and Thailand ($812M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Diamonds (jewellery) worked but not mounted or set.

In 2018,  market concentration measured using Shannon Entropy, was 2.94. This means that most of the exports of Diamonds (jewellery) worked but not mounted or set are explained by 7 countries.

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TOP NET EXPORTER (2018): India, $16.9B

TOP NET IMPORTER (2018): Hong Kong, $12.7B

This map shows which countries export or import more of Diamonds (jewellery) worked but not mounted or set. Each country is colored based on the difference in exports and imports of Diamonds (jewellery) worked but not mounted or set during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Diamonds (jewellery) worked but not mounted or set were India ($16.9B), Israel ($4.59B), South Africa ($1.51B), Russia ($541M), and China ($432M).

In 2018, the countries that had a largest trade value in imports than in exports of Diamonds (jewellery) worked but not mounted or set were Hong Kong ($12.7B), United States ($5.1B), United Arab Emirates ($1.4B), Switzerland ($949M), and France ($861M).

Trade Forecasts

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This section shows forecasts for total trade for Diamonds (jewellery) worked but not mounted or set. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Diamonds (jewellery) worked but not mounted or set was 7.29%.  The countries with the highest tariffs for importing Diamonds (jewellery) worked but not mounted or set were Angola (50%), Barbados (45.1%), Belize (44.2%), Cape Verde (40%), and Sudan (35%).

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Product Complexity

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Diversification Frontier

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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.