Precious metals, gems and jewelry in United States 2020 Exports | Imports : $46.9B | $92.4B, World Rnk 2 / 219 Rnk 8 / 96 | World Rnk 3 / 222 Rnk 7 / 96
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $2.85B | $26.9B, Switzerland | Switzerland
Exports In 2020, United States exported $46.9B in Precious metals, gems and jewelry, making it the 2nd largest exporter of Precious metals, gems and jewelry in the world. At the same year, Precious metals, gems and jewelry was the 8th most exported product in United States. The main destination of Precious metals, gems and jewelry exports from United States are: United Kingdom ($9.4B), Switzerland ($8.73B), Canada ($6.13B), India ($4.36B), and Hong Kong ($2.75B).
The fastest growing export markets for Precious metals, gems and jewelry of United States between 2019 and 2020 were Switzerland ($2.85B), Canada ($2.78B), and China ($1.61B).
Imports In 2020, United States imported $92.4B in Precious metals, gems and jewelry, becoming the 3rd largest importer of Precious metals, gems and jewelry in the world. At the same year, Precious metals, gems and jewelry was the 7th most imported product in United States. United States imports Precious metals, gems and jewelry primarily from: Switzerland ($29B), India ($8.25B), South Africa ($6.39B), Canada ($6.33B), and Mexico ($4.98B).
The fastest growing import markets in Precious metals, gems and jewelry for United States between 2019 and 2020 were Switzerland ($26.9B), South Africa ($4.04B), and Singapore ($3.23B).
Tariffs In 2018, the average tariff for United States in Precious metals, gems and jewelry was 2.12%. The countries with the highest import tariffs for Precious metals, gems and jewelry were North Korea (Most Favoured Nation duty rate treatement, 4.19%), Cuba (Most Favoured Nation duty rate treatement, 4.19%), Algeria (Most Favoured Nation duty rate treatement, 3%), Egypt (Most Favoured Nation duty rate treatement, 3%), and Eritrea (Most Favoured Nation duty rate treatement, 3%).
May 2022
Overview In May 2022 United States' Precious metals, gems and jewelry exports accounted up to $7.16B and imports accounted up to $8.56B, resulting in a negative trade balance of $1.4B. Between May 2021 and May 2022 the exports of United States' Precious metals, gems and jewelry have increased by $157M (2.24%) from $7.01B to $7.16B, while imports increased by $1.08B (14.4%) from $7.48B to $8.56B.
Destinations In May 2022, Precious metals, gems and jewelry were exported mostly to Switzerland ($1.53B), United Kingdom ($989M), India ($861M), Canada ($767M), and Italy ($347M), and were imported mostly from India ($1.42B), South Africa ($962M), Israel ($727M), Switzerland ($620M), and Canada ($543M).
Growth In May 2022, the increase in Precious metals, gems and jewelry's year-by-year exports was explained primarily by an increase in exports to Canada ($295M or 75.1%), China ($283M or 399%), and Italy ($215M or 69.8%). In May 2022, the increase in Precious metals, gems and jewelry's year-by-year imports was explained primarily by an increase in imports from Switzerland ($978M or 763%), United Kingdom ($302M or 350%), and India ($275M or 31.4%).
EXPORT GROWTH (May 2021 - May 2022): $157M, (2.24%)
IMPORT GROWTH (May 2021 - May 2022): $1.08B, (14.4%)
MAIN EXPORTER (May 2022): New York, $3.54B
MAIN DESTINATION (May 2022): Switzerland, $1.53B
This section shows Precious metals, gems and jewelry's exports and imports data at subnational level for United States. 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 Precious metals, gems and jewelry over time.
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EXPORTS (2020): $46.9B
IMPORTS (2020): $92.4B
NET TRADE (2020): -$45.5B
In 2020, United States exported $46.9B in Precious metals, gems and jewelry. The main destinations of United States exports on Precious metals, gems and jewelry were United Kingdom ($9.4B), Switzerland ($8.73B), Canada ($6.13B), India ($4.36B), and Hong Kong ($2.75B).
In 2020, United States imported $92.4B in Precious metals, gems and jewelry, mainly from Switzerland ($29B), India ($8.25B), South Africa ($6.39B), Canada ($6.33B), and Mexico ($4.98B).
IN 2020, United States HAD A POSITIVE NET TRADE IN Precious metals, gems and jewelry WITH:
IN 2020, United States HAD A NEGATIVE NET TRADE IN Precious metals, gems and jewelry WITH:
THE FASTEST GROWING Precious metals, gems and jewelry EXPORT MARKETS FOR United States WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious metals, gems and jewelry BY United States WERE (2019 - 2020):
In 2019, United States's main exporting competitors in Precious metals, gems and jewelry were:
In 2019, United States's main importing competitors in Precious metals, gems and jewelry were:
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