Diamonds in South Africa | The Observatory of Economic Complexity

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Exports In 2022, South Africa exported $6.22B in Diamonds, making it the 7th largest exporter of Diamonds in the world. At the same year, Diamonds was the 5th most exported product in South Africa. The main destination of Diamonds exports from South Africa are: China ($3.36B), United Arab Emirates ($1.28B), Botswana ($510M), Belgium ($424M), and United States ($236M).

The fastest growing export markets for Diamonds of South Africa between 2021 and 2022 were United Arab Emirates ($509M), Botswana ($48M), and Israel ($16M).

Imports In 2022, South Africa imported $600M in Diamonds, becoming the 15th largest importer of Diamonds in the world. At the same year, Diamonds was the 30th most imported product in South Africa. South Africa imports Diamonds primarily from: Botswana ($250M), United States ($114M), Singapore ($51.9M), Namibia ($41.4M), and India ($37.7M).

The fastest growing import markets in Diamonds for South Africa between 2021 and 2022 were Botswana ($64.5M), Singapore ($51.8M), and United Kingdom ($12.8M).

Latest Trends

February 2024

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Overview In February 2024 South Africa's Diamonds exports accounted up to ZAR3.28B and imports accounted up to ZAR1.25B, resulting in a positive trade balance of ZAR2.03B. Between February 2023 and February 2024 the exports of South Africa's Diamonds have increased by ZAR323M (10.9%) from ZAR2.96B to ZAR3.28B, while imports increased by ZAR234M (22.9%) from ZAR1.02B to ZAR1.25B.

Destinations In February 2024, Diamonds were exported mostly to United Arab Emirates (ZAR2.31B), Hong Kong (ZAR304M), Botswana (ZAR280M), Belgium (ZAR258M), and Israel (ZAR68.5M), and were imported mostly from Special Categories (ZAR759M), Botswana (ZAR131M), Namibia (ZAR130M), Unclassified (ZAR82.7M), and India (ZAR61.2M).

Growth In February 2024, the increase in Diamonds's year-by-year exports was explained primarily by an increase in exports to United Arab Emirates (ZAR354M or 71.9%), United States (ZAR43.4M or 119%), and India (ZAR1.1M or 17.8%). In February 2024, the increase in Diamonds's year-by-year imports was explained primarily by an increase in imports from Angola (ZAR92M or 2.07k%), Israel (ZAR28.2M or 12.2k%), and Namibia (ZAR3.78M or 7.69%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)ZAR323M(10.9%)

IMPORT GROWTH (February 2023 - February 2024)ZAR234M(22.9%)

MAIN EXPORTER (February 2024)O.r. Tambo Int AirportZAR3.28B

MAIN DESTINATION (February 2024)United Arab EmiratesZAR2.31B

This section shows Diamonds's exports and imports data at subnational level for South Africa. 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)$6.22B

IMPORTS (2022)$600M

NET TRADE (2022)$5.62B

In 2022, South Africa exported $6.22B in Diamonds. The main destinations of South Africa exports on Diamonds were China ($3.36B), United Arab Emirates ($1.28B), Botswana ($510M), Belgium ($424M), and United States ($236M).

In 2022, South Africa imported $600M in Diamonds, mainly from Botswana ($250M), United States ($114M), Singapore ($51.9M), Namibia ($41.4M), and India ($37.7M).

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