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2022
Exports $14.7MWorld Rnk 48 / 136
Flag Rnk 680 / 1204
2022
Destination $4.63M Hong Kong
2021 - 2022
FASTEST GROWING MARKET $4.63MHong Kong
2022
PRODUCT COMPLEXITY IN Diamonds-1.32Rnk 916 / 1025
2022
Imports $112MWorld Rnk 29 / 159
Flag Rnk 485 / 1213
2022
Origin $4.78M India
2021 - 2022
FASTEST GROWING ORIGIN $4.78MIndia
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $14.7M in Diamonds, making it the 48th largest exporter of Diamonds in the world. At the same year, Diamonds was the 680th most exported product in South Korea. The main destination of Diamonds exports from South Korea are: Hong Kong ($11.3M), Thailand ($1.16M), India ($1.04M), Japan ($240k), and Chinese Taipei ($206k).

The fastest growing export markets for Diamonds of South Korea between 2021 and 2022 were Hong Kong ($4.63M), Thailand ($1.15M), and India ($736k).

Imports In 2022, South Korea imported $112M in Diamonds, becoming the 29th largest importer of Diamonds in the world. At the same year, Diamonds was the 485th most imported product in South Korea. South Korea imports Diamonds primarily from: India ($75.6M), Hong Kong ($21.8M), Israel ($4.57M), United Arab Emirates ($3.24M), and Belgium ($1.31M).

The fastest growing import markets in Diamonds for South Korea between 2021 and 2022 were India ($4.78M), Israel ($4.1M), and United Arab Emirates ($3.17M).

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Diamonds exports accounted up to $3.16M and imports accounted up to $3.98M, resulting in a negative trade balance of $818k. Between October 2023 and October 2024 the exports of South Korea's   Diamonds have increased by $2.45M (346%) from $708k to $3.16M, while imports decreased by $-1.95M (-32.9%) from $5.93M to $3.98M.

Destinations In October 2024, Diamonds were exported mostly to Switzerland ($2.73M), Hong Kong ($371k), Israel ($25k), Vietnam ($20k), and United States ($9k), and were imported mostly from India ($3.16M), Hong Kong ($423k), Israel ($192k), United States ($97k), and Japan ($29k).

Growth In October 2024, the increase in Diamonds's year-by-year exports was explained primarily by an increase in exports to Vietnam ($1k or 8.33%). In October 2024, the decrease in Diamonds's year-by-year imports was explained primarily by a decrease in imports from India ($-1.15M or -16.2%), Belgium ($-26k or -24.8%), and Thailand ($-11k or -91.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$2.45M(346%)
IMPORT GROWTH (October 2023 - October 2024)$-1.95M(-32.9%)
MAIN DESTINATION (October 2024)Switzerland$2.73M

This section shows Diamonds's exports and imports data at subnational level for South Korea. 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
EXPORTS (2022)$14.7M
IMPORTS (2022)$112M
NET TRADE (2022)-$97.5M

In 2022, South Korea exported $14.7M in Diamonds. The main destinations of South Korea exports on Diamonds were Hong Kong ($11.3M), Thailand ($1.16M), India ($1.04M), Japan ($240k), and Chinese Taipei ($206k).

In 2022, South Korea imported $112M in Diamonds, mainly from India ($75.6M), Hong Kong ($21.8M), Israel ($4.57M), United Arab Emirates ($3.24M), and Belgium ($1.31M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Diamonds EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Hong Kong$4.63M (69.4%)
Thailand$1.15M (14.4k%)
India$736k (240%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Diamonds BY South Korea WERE (2021 - 2022):
United States-$782k (-89.6%)
Chinese Taipei-$533k (-72.1%)
United Arab Emirates-$99.9k (-87.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Diamonds were:
India $25.9B
United Arab Emirates $15.5B
Belgium $14.7B
In 2022, South Korea's main importing competitors in Diamonds were:
India $26.1B
United States $20.3B
United Arab Emirates $17.5B

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Trade Value of Diamonds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $2.68M
TOP IMPORT POTENTIALIndia+ $41.4M

Diamonds’s highest export potential is India. With an export gap of $2.68M.   Diamonds’s highest import potential is India with an import gap of $41.4M.

See methodology.

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