2023
Exports
$3.82BWorld Rnk 10 / 135
Flag Rnk 6 / 1181
2023
PRODUCT COMPLEXITY IN Diamonds
-1.54Rnk 950 / 1025
2023
Imports
$15.4BWorld Rnk 4 / 158
Flag Rnk 9 / 1207
2023
ECONOMIC COMPLEXITY of Hong Kong
1.12Rnk 23 / 132

About

Exports In 2023, Hong Kong exported $3.82B in Diamonds, making it the 10th largest exporter of Diamonds in the world. At the same year, Diamonds was the 6th most exported product in Hong Kong. The main destination of Diamonds exports from Hong Kong are: India ($1.2B), United Arab Emirates ($603M), Israel ($482M), Switzerland ($396M), and United States ($235M).

The fastest growing export markets for Diamonds of Hong Kong between 2022 and 2023 were Switzerland ($288M), United Arab Emirates ($278M), and Armenia ($55.6M).

Imports In 2023, Hong Kong imported $15.4B in Diamonds, becoming the 4th largest importer of Diamonds in the world. At the same year, Diamonds was the 9th most imported product in Hong Kong. Hong Kong imports Diamonds primarily from: India ($4.63B), United States ($2.35B), United Arab Emirates ($1.7B), China ($1.4B), and Belgium ($1.19B).

The fastest growing import markets in Diamonds for Hong Kong between 2022 and 2023 were United States ($579M), Russia ($418M), and United Arab Emirates ($325M).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Diamonds. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$3.82B
IMPORTS (2023)$15.4B
NET TRADE (2023)-$11.6B

In 2023, Hong Kong exported $3.82B in Diamonds. The main destinations of Hong Kong exports on Diamonds were India ($1.2B), United Arab Emirates ($603M), Israel ($482M), Switzerland ($396M), and United States ($235M).

In 2023, Hong Kong imported $15.4B in Diamonds, mainly from India ($4.63B), United States ($2.35B), United Arab Emirates ($1.7B), China ($1.4B), and Belgium ($1.19B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Diamonds EXPORT MARKETS FOR Hong Kong WERE (2022 - 2023):
Switzerland$288M (266%)
Armenia$55.6M (74.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Diamonds BY Hong Kong WERE (2022 - 2023):
India-$141M (-10.6%)
China-$124M (-41.6%)
United Kingdom-$58M (-59.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hong Kong's main exporting competitors in Diamonds were:
In 2023, Hong Kong's main importing competitors in Diamonds were:

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Trade Value of Diamonds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $225M
TOP IMPORT POTENTIALSouth Africa+ $74.8M

Diamonds’s highest export potential is China. With an export gap of $225M.   Diamonds’s highest import potential is South Africa with an import gap of $74.8M.

See methodology.

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