Diamonds in China | The Observatory of Economic Complexity

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Exports In 2023, China exported $1.74B in Diamonds, making it the 12th largest exporter of Diamonds in the world. At the same year, Diamonds was the 302nd most exported product in China. The main destination of Diamonds exports from China are: Hong Kong ($1.4B), Belgium ($213M), India ($40.4M), Israel ($21.8M), and United Arab Emirates ($21.3M).

The fastest growing export markets for Diamonds of China between 2022 and 2023 were Belgium ($100M), India ($22.6M), and United Arab Emirates ($16.5M).

Imports In 2023, China imported $4.91B in Diamonds, becoming the 6th largest importer of Diamonds in the world. At the same year, Diamonds was the 68th most imported product in China. China imports Diamonds primarily from: South Africa ($2.14B), Belgium ($1.2B), India ($653M), Israel ($379M), and United States ($200M).

The fastest growing import markets in Diamonds for China between 2022 and 2023 were Israel ($132M), United States ($97.5M), and Russia ($26.5M).

Latest Trends

December 2024

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Overview In December 2024 China's Diamonds exports accounted up to $70.9M and imports accounted up to $274M, resulting in a negative trade balance of $203M. Between December 2023 and December 2024 the exports of China's Diamonds have decreased by $-30.5M (-30.1%) from $101M to $70.9M, while imports decreased by $-66.5M (-19.6%) from $340M to $274M.

Destinations In December 2024, Diamonds were exported mostly to Hong Kong ($52.3M), Switzerland ($13.1M), Israel ($2.21M), Belgium ($2.04M), and India ($1.23M), and were imported mostly from South Africa ($102M), Belgium ($77M), India ($61.6M), Hong Kong ($14.6M), and Israel ($7.91M).

Growth In December 2024, the decrease in Diamonds's year-by-year exports was explained primarily by a decrease in exports to Belgium ($-8.48M or -54.6%), Israel ($-902k or -32.6%), and United States ($-293k or -87.2%). In December 2024, the decrease in Diamonds's year-by-year imports was explained primarily by a decrease in imports from Israel ($-13.6M or -58.5%), Botswana ($-3.51M or -98.1%), and Thailand ($-393k or -84.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2023 - December 2024)$-30.5M(-30.1%)

IMPORT GROWTH (December 2023 - December 2024)$-66.5M(-19.6%)

MAIN EXPORTER (December 2024)Shanghai Province$104M

MAIN DESTINATION (December 2024)Hong Kong$52.3M

This section shows Diamonds's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Diamonds over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2023)$1.74B

IMPORTS (2023)$4.91B

NET TRADE (2023)-$3.17B

In 2023, China exported $1.74B in Diamonds. The main destinations of China exports on Diamonds were Hong Kong ($1.4B), Belgium ($213M), India ($40.4M), Israel ($21.8M), and United Arab Emirates ($21.3M).

In 2023, China imported $4.91B in Diamonds, mainly from South Africa ($2.14B), Belgium ($1.2B), India ($653M), Israel ($379M), and United States ($200M).

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