Diamonds in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $2.88B in Diamonds, making it the 11th largest exporter of Diamonds in the world. At the same year, Diamonds was the 30th most exported product in Canada. The main destination of Diamonds exports from Canada are: Belgium ($1.35B), United Arab Emirates ($746M), Botswana ($317M), United States ($169M), and India ($138M).

The fastest growing export markets for Diamonds of Canada between 2021 and 2022 were Belgium ($257M), Botswana ($91.9M), and United Arab Emirates ($90.9M).

Imports In 2022, Canada imported $417M in Diamonds, becoming the 19th largest importer of Diamonds in the world. At the same year, Diamonds was the 262nd most imported product in Canada. Canada imports Diamonds primarily from: United States ($165M), India ($128M), Canada ($49.7M), Israel ($26.6M), and Belgium ($19.9M).

The fastest growing import markets in Diamonds for Canada between 2021 and 2022 were India ($50.6M), Canada ($32.7M), and United States ($13M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Diamonds from Canada to the United States.

Latest Trends

January 2024

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Overview In January 2024 Canada's Diamonds exports accounted up to C$9.03M and imports accounted up to C$29.8M, resulting in a negative trade balance of C$20.8M. Between January 2023 and January 2024 the exports of Canada's Diamonds have decreased by C$-224M (-96.1%) from C$233M to C$9.03M, while imports increased by C$3.38M (12.8%) from C$26.5M to C$29.8M.

Destinations In January 2024, Diamonds were exported mostly to United States (C$7.36M), Hong Kong (C$675k), United Kingdom (C$458k), Belgium (C$148k), and Vietnam (C$128k), and were imported mostly from India (C$12.6M), United States (C$5.14M), Canada (C$4.32M), Israel (C$3.85M), and Belgium (C$2.11M).

Growth In January 2024, the decrease in Diamonds's year-by-year exports was explained primarily by a decrease in exports to Belgium (C$-22.7M or -11.1%), India (C$-8.18M or -46.4%), and Vietnam (C$-1.39M or -71.7%). In January 2024, the increase in Diamonds's year-by-year imports was explained primarily by an increase in imports from India (C$641k or 5.2%), United States (C$604k or 13.9%), and Vietnam (C$588k or 144%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)C$-224M(-96.1%)

IMPORT GROWTH (January 2023 - January 2024)C$3.38M(12.8%)

MAIN EXPORTER (January 2024)British ColumbiaC$5.92M

MAIN DESTINATION (January 2024)United StatesC$7.36M

This section shows Diamonds's exports and imports data at subnational level for Canada. 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

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$2.88B

IMPORTS (2022)$417M

NET TRADE (2022)$2.46B

In 2022, Canada exported $2.88B in Diamonds. The main destinations of Canada exports on Diamonds were Belgium ($1.35B), United Arab Emirates ($746M), Botswana ($317M), United States ($169M), and India ($138M).

In 2022, Canada imported $417M in Diamonds, mainly from United States ($165M), India ($128M), Canada ($49.7M), Israel ($26.6M), and Belgium ($19.9M).

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