HS Icon Precious metals, gems and jewelry in  Flag United States

2020
Exports | Imports
: $46.9B | $92.4B, World Rnk 2 / 219
Flag Rnk 8 / 96 | World Rnk 3 / 222
Flag Rnk 7 / 96

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $2.85B | $26.9B, Switzerland |  Switzerland


ECONOMIC COMPLEXITY of United States
: 1.56, Rnk 9 / 127


PRODUCT COMPLEXITY  IN Precious metals, gems and jewelry
: -2.18, Rnk 95 / 96

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

Subnational Monthly Trade

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Time Scale
Flow
Value

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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Historical Data

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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).

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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:

Flow

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):

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Market Concentration

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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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