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%).