2023
Exports
$21BWorld Rnk 1 / 135
Flag Rnk 3 / 1212
2023
PRODUCT COMPLEXITY IN Diamonds
-1.54Rnk 950 / 1025
2023
Imports
$15.8BWorld Rnk 3 / 158
Flag Rnk 6 / 1208
2023
ECONOMIC COMPLEXITY of India
0.65Rnk 39 / 132

About

Exports In 2023, India exported $21B in Diamonds, making it the 1st largest exporter of Diamonds in the world. At the same year, Diamonds was the 3rd most exported product in India. The main destination of Diamonds exports from India are: United States ($7.61B), Hong Kong ($4.63B), Belgium ($2.2B), United Arab Emirates ($2.12B), and Israel ($860M).

The fastest growing export markets for Diamonds of India between 2022 and 2023 were Japan ($60.9M), Armenia ($55.8M), and Oman ($21.9M).

Imports In 2023, India imported $15.8B in Diamonds, becoming the 3rd largest importer of Diamonds in the world. At the same year, Diamonds was the 6th most imported product in India. India imports Diamonds primarily from: United Arab Emirates ($6.72B), Belgium ($1.78B), Hong Kong ($1.2B), Angola ($1.11B), and Botswana ($1.11B).

The fastest growing import markets in Diamonds for India between 2022 and 2023 were Angola ($982M), Canada ($890M), and Botswana ($628M).

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)$21B
IMPORTS (2023)$15.8B
NET TRADE (2023)$5.18B

In 2023, India exported $21B in Diamonds. The main destinations of India exports on Diamonds were United States ($7.61B), Hong Kong ($4.63B), Belgium ($2.2B), United Arab Emirates ($2.12B), and Israel ($860M).

In 2023, India imported $15.8B in Diamonds, mainly from United Arab Emirates ($6.72B), Belgium ($1.78B), Hong Kong ($1.2B), Angola ($1.11B), and Botswana ($1.11B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Diamonds EXPORT MARKETS FOR India WERE (2022 - 2023):
Japan$60.9M (19.1%)
Armenia$55.8M (55.8%)
Oman$21.9M (11.9k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Diamonds BY India WERE (2022 - 2023):
United States-$3.18B (-29.5%)
United Arab Emirates-$1.2B (-36.2%)
Thailand-$1.17B (-69.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, India's main exporting competitors in Diamonds were:
In 2023, India'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+ $415M
TOP IMPORT POTENTIALRussia+ $341M

Diamonds’s highest export potential is China. With an export gap of $415M.   Diamonds’s highest import potential is Russia with an import gap of $341M.

See methodology.

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