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2022
Exports $189MWorld Rnk 27 / 136
Flag Rnk 441 / 1217
2022
Destination $18.1M Hong Kong
2021 - 2022
FASTEST GROWING MARKET $18.1MUnited States
2022
PRODUCT COMPLEXITY IN Diamonds-1.32Rnk 916 / 1025
2022
Imports $950MWorld Rnk 14 / 159
Flag Rnk 142 / 1215
2022
Origin $110M Belgium
2021 - 2022
FASTEST GROWING ORIGIN $110MBelgium
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $189M in Diamonds, making it the 27th largest exporter of Diamonds in the world. At the same year, Diamonds was the 441st most exported product in Italy. The main destination of Diamonds exports from Italy are: Hong Kong ($53.6M), France ($29.8M), Israel ($26.6M), United States ($23.6M), and Belgium ($15.4M).

The fastest growing export markets for Diamonds of Italy between 2021 and 2022 were United States ($18.1M), Hong Kong ($16.2M), and France ($8.96M).

Imports In 2018, Italy imported $950M in Diamonds, becoming the 14th largest importer of Diamonds in the world. At the same year, Diamonds was the 142nd most imported product in Italy. Italy imports Diamonds primarily from: Belgium ($529M), India ($123M), Vietnam ($75.1M), Israel ($60.3M), and United States ($59.2M).

The fastest growing import markets in Diamonds for Italy between 2021 and 2022 were Belgium ($110M), India ($34.9M), and United States ($13.9M).

Latest Trends

March 2024

About

Overview In March 2024 Italy's Diamonds exports accounted up to €11.1M and imports accounted up to €62.2M, resulting in a negative trade balance of €51.2M. Between March 2023 and March 2024 the exports of Italy's   Diamonds have decreased by €-6.95M (-38.6%) from €18M to €11.1M, while imports decreased by €-12.5M (-16.7%) from €74.7M to €62.2M.

Destinations In March 2024, Diamonds were exported mostly to Hong Kong (€2.35M), France (€2.31M), Switzerland (€1.69M), Israel (€1.12M), and Belgium (€1.09M), and were imported mostly from Belgium (€33.1M), Indonesia (€15M), Israel (€4.42M), France (€4.4M), and United States (€2.88M).

Growth In March 2024, the decrease in Diamonds's year-by-year exports was explained primarily by a decrease in exports to Switzerland (€-5.89M or -99.4%), Israel (€-409k or -19.3%), and Belgium (€-239k or -42.6%). In March 2024, the decrease in Diamonds's year-by-year imports was explained primarily by a decrease in imports from United Kingdom (€-2.25M or -99.8%), Vietnam (€-706k or -10.1%), and Germany (€-69.8k or -91.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - March 2024)€-6.95M(-38.6%)
IMPORT GROWTH (March 2023 - March 2024)€-12.5M(-16.7%)
MAIN DESTINATION (March 2024)Hong Kong€2.35M

This section shows Diamonds's exports and imports data at subnational level for Italy. 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)$189M
IMPORTS (2022)$950M
NET TRADE (2022)-$760M

In 2022, Italy exported $189M in Diamonds. The main destinations of Italy exports on Diamonds were Hong Kong ($53.6M), France ($29.8M), Israel ($26.6M), United States ($23.6M), and Belgium ($15.4M).

In 2022, Italy imported $950M in Diamonds, mainly from Belgium ($529M), India ($123M), Vietnam ($75.1M), Israel ($60.3M), and United States ($59.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Diamonds EXPORT MARKETS FOR Italy WERE (2021 - 2022):
United States$18.1M (331%)
Hong Kong$16.2M (43.3%)
France$8.96M (43.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Diamonds BY Italy WERE (2021 - 2022):
Israel-$1.29M (-4.62%)
Poland-$1.05M (-46.7%)
Germany-$644k (-37.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Diamonds were:
India $25.9B
United Arab Emirates $15.5B
Belgium $14.7B
In 2022, Italy'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 POTENTIALUnited States+ $23.4M
TOP IMPORT POTENTIALIndia+ $98.7M

Diamonds’s highest export potential is United States. With an export gap of $23.4M.   Diamonds’s highest import potential is India with an import gap of $98.7M.

See methodology.

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