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Exports In 2022, Iceland exported $1.31M in Diamonds, making it the 68th largest exporter of Diamonds in the world. At the same year, Diamonds was the 115th most exported product in Iceland. The main destination of Diamonds exports from Iceland are: United Kingdom ($710k), Switzerland ($456k), United States ($117k), Belgium ($21.1k), and Ireland ($828).

The fastest growing export markets for Diamonds of Iceland between 2021 and 2022 were Switzerland ($450k), United States ($110k), and Belgium ($21.1k).

Imports In 2022, Iceland imported $458k in Diamonds, becoming the 100th largest importer of Diamonds in the world. At the same year, Diamonds was the 667th most imported product in Iceland. Iceland imports Diamonds primarily from: Belgium ($183k), Germany ($104k), Denmark ($43.7k), United Kingdom ($35.3k), and India ($32.1k).

The fastest growing import markets in Diamonds for Iceland between 2021 and 2022 were Germany ($20.2k), United States ($13.1k), and Italy ($7.09k).

Latest Trends

Jul 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 (2022)$1.31M
IMPORTS (2022)$458k
NET TRADE (2022)$847k

In 2022, Iceland exported $1.31M in Diamonds. The main destinations of Iceland exports on Diamonds were United Kingdom ($710k), Switzerland ($456k), United States ($117k), Belgium ($21.1k), and Ireland ($828).

In 2022, Iceland imported $458k in Diamonds, mainly from Belgium ($183k), Germany ($104k), Denmark ($43.7k), United Kingdom ($35.3k), and India ($32.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Diamonds EXPORT MARKETS FOR Iceland WERE (2021 - 2022):
Switzerland$450k (7.88k%)
United States$110k (1.77k%)
Belgium$21.1k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Diamonds BY Iceland WERE (2021 - 2022):
United Kingdom-$915k (-56.3%)
Australia-$403k (-100%)
South Africa-$30.8k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Iceland's main exporting competitors in Diamonds were:
In 2022, Iceland's main importing competitors in Diamonds were:

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Trade Value of Diamonds by Exporters

Potential Exports

Potential Exports

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Diamonds’s highest export potential is N/A. With an export gap of N/A.   Diamonds’s highest import potential is N/A with an import gap of N/A.

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