Overview: This page contains the latest trade data of Diamonds. In 2019, Diamonds were the world's 22nd most traded product, with a total trade of $104B. Between 2018 and 2019 the exports of Diamonds decreased by -15.5%, from $123B to $104B. Trade in Diamonds represent 0.57% of total world trade.
Exports: In 2019 the top exporters of Diamonds were India ($22.5B), United States ($13.4B), Belgium ($12.8B), Israel ($11.2B), and United Arab Emirates ($9.02B).
Imports: In 2019 the top importers of Diamonds were India ($21.4B), Hong Kong ($18.6B), United States ($17.9B), Belgium ($12B), and United Arab Emirates ($9.56B).
Tariffs: In 2018 the average tariff for Diamonds was 6.7%, making it the 639th 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 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.