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Diamonds, whether or not worked, but not mounted or set

7102 (Harmonized System 1992 for 4-digit)

2023
World Trade $98.4BRnk 30 / 1217
2023
Top Exporter | Top Importer $21B | $18.4BIndia | United States
2023
Product Complexity -1.74Rnk 989 / 1044
2022 - 2023
Export Growth (CAGR) -23.9%Rnk 1091 / 1217
2023
Share of World Trade 0.44%Rnk 30 / 1217

About

Overview This page contains the latest trade data of Diamonds. In 2023, Diamonds were the world's 30th most traded product, with a total trade of $98.4B. Between 2022 and 2023 the exports of Diamonds decreased by -23.9%, from $129B to $98.4B. Trade in Diamonds represent 0.44% of total world trade.

Diamonds are a part of Precious stones, metals, & pearls. They include Diamonds (jewellery) worked but not mounted or set, Diamonds (jewellery) unworked or simply sawn, cleaved, Unsorted diamonds, Diamonds, industrial, unworked or simply sawn, cleave, and Diamonds industrial, worked.

Exports In 2023 the top exporters of Diamonds  were India ($21B), Belgium ($11.6B), United Arab Emirates ($11.4B), Israel ($9.13B), and South Africa ($6.42B).

Imports In 2023 the top importers of Diamonds were United States ($18.4B), United Arab Emirates ($16.7B), India ($15.8B), Hong Kong ($15.4B), and Belgium ($10B).

Ranking Diamonds ranks 989th in the Product Complexity Index (PCI).

Description Diamonds are used in the production of other goods. They can be made from a variety of materials, including carbon, silicon, and boron.

Latest Trends

Latest Data

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

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

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)India$21B
Top Destination (2023)United States$18.4B

In 2023 Diamonds were the world's 30th most traded product (out of 1,217).

In 2023, the top exporters of Diamonds were India ($21B), Belgium ($11.6B), United Arab Emirates ($11.4B), Israel ($9.13B), and South Africa ($6.42B).

In 2023, the top importers of Diamonds were United States ($18.4B), United Arab Emirates ($16.7B), India ($15.8B), Hong Kong ($15.4B), and Belgium ($10B).

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Exporters of Diamonds (2023)
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Importers of Diamonds (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Canada$677M
Top Destination Growth (2022 -  2023)Qatar$314M

Between 2022 and 2023, the exports of Diamonds grew the fastest in Canada ($677M), Hong Kong ($393M), Armenia ($291M), Zimbabwe ($131M), and Lesotho ($71.6M).

Between 2022 and 2023, the fastest growing importers of Diamonds were Qatar ($314M), Armenia ($274M), Zambia ($146M), France ($122M), and Japan ($104M).

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Exporters of Diamonds (2022 - 2023)

Importers of Diamonds (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Diamonds.

In 2023, market concentration measured using Shannon Entropy, was 3.86. This means that most of the exports of Diamonds are explained by 14 countries.

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Value of Exports in Diamonds

Net Trade

TOP NET EXPORTER (2023)South Africa$6.08B
TOP NET IMPORTER (2023)United States$12.3B

This map shows which countries export or import more of Diamonds. Each country is colored based on the difference in exports and imports of Diamonds during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Diamonds were South Africa ($6.08B), Israel ($5.46B), India ($5.18B), Angola ($5B), and Botswana ($4.25B).

In 2023, the countries that had a largest trade value in imports than in exports of Diamonds were United States ($12.3B), Hong Kong ($11.6B), United Arab Emirates ($5.36B), China ($3.17B), and Switzerland ($755M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Diamonds, disaggragated by their HS6 level were Diamonds (jewellery) worked but not mounted... ($63B), Diamonds (jewellery) unworked or simply sawn,... ($31.7B), Diamonds, industrial, unworked or simply sawn,... ($2.07B), Unsorted diamonds ($1.34B), and Diamonds industrial, worked ($297M)

HS6 Disaggregation for Diamonds (2023)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Diamonds.
It is possible to select the main countries that export or import Diamonds in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Diamonds by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $201M
TOP IMPORT POTENTIALIndia+ $206M

Diamonds’s highest export potential is United States. With an export gap of $201M.  Diamonds’s highest import potential is India with an import gap of $206M.

See methodology.

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Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Diamonds.

Country by Relatedness

The following visualization shows the relatedness of Diamonds to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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