Other Precious Metal Products in United States

2019
Exports | Imports
: $435M | $747M, World Rnk 3 / 123
Flag Rnk 393 / 1217 | World Rnk 1 / 189
Flag Rnk 393 / 1215

2019
Destination | Origin
: $124M | $458M, Singapore | Canada

2018 - 2019
FASTEST GROWING MARKET |  FASTEST GROWING ORIGIN
: $24.2M | $73.8M, Germany |  Canada

2019
ECONOMIC COMPLEXITY of United States
: 1.64, Rnk 9 / 157

2019
PRODUCT COMPLEXITY  IN Other Precious Metal Products
: 0.2, Rnk 481 / 1029

Exports: In 2019, United States exported $435M in Other Precious Metal Products, making it the 3rd largest exporter of Other Precious Metal Products in the world. At the same year, Other Precious Metal Products was the 393rd most exported product in United States. The main destination of Other Precious Metal Products exports from United States are: Singapore ($124M), Canada ($91.2M), Germany ($39.5M), Mexico ($35.4M), and China ($28.1M).

The fastest growing export markets for Other Precious Metal Products of United States between 2018 and 2019 were Germany ($24.2M), China ($17.4M), and France ($7.55M).

Imports: In 2019, United States imported $747M in Other Precious Metal Products, becoming the 1st largest importer of Other Precious Metal Products in the world. At the same year, Other Precious Metal Products was the 393rd most imported product in United States. United States imports Other Precious Metal Products primarily from: Canada ($458M), Japan ($102M), Switzerland ($39.2M), Australia ($31.5M), and Germany ($27.5M).

The fastest growing import markets in Other Precious Metal Products for United States between 2018 and 2019 were Canada ($73.8M), Japan ($42.9M), and Australia ($2.86M).

Tariffs: In 2018, the average tariff for United States in Other Precious Metal Products was 1.42%. The countries with the highest import tariffs for Other Precious Metal Products were North Korea (3.73%), Cuba (3.73%), Equatorial Guinea (2.98%), Libya (2.98%), and Mayotte (2.98%).

Overview: In January 2021 United States' Other Precious Metal Products exports accounted up to $95.4M and imports accounted up to $1.06B, resulting in a negative trade balance of $968M. Between January 2020 and January 2021 the exports of United States'   Other Precious Metal Products have increased by $53.5M (128%) from $41.9M to $95.4M, while imports increased by $954M (879%) from $109M to $1.06B.

Destinations: In January 2021 Other Precious Metal Products exported mostly to Singapore ($33.2M), Canada ($23.2M), Taiwan ($14.6M), Mexico ($4.61M), and Hong Kong ($3.27M), and imported mostly from Switzerland ($440M), Canada ($319M), Australia ($188M), South Korea ($72.5M), and United Kingdom ($13.2M).

Growth: In January 2021, the increase in Other Precious Metal Products's year-by-year exports was explained primarily by an increase in exports to Singapore ($16.2M or 95.2%), Canada ($14.4M or 164%), and Taiwan ($11.4M or 360%). In January 2021, the increase in Other Precious Metal Products's year-by-year imports was explained primarily by an increase in imports from Switzerland ($402M or 1.04k%), Canada ($268M or 524%), and Australia ($179M or 2.12k%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (January 2020 - January 2021): $53.5M, (128%)

IMPORT GROWTH (January 2020 - January 2021): $954M, (879%)

MAIN EXPORTER (January 2021): North Carolina, $33.8M

MAIN DESTINATION (January 2021): Singapore, $33.2M

This section shows Other Precious Metal Products'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 Other Precious Metal Products over time.

Value

EXPORTS (2019): $435M

IMPORTS (2019): $747M

NET TRADE (2019): -$312M

In 2019, United States exported $435M in Other Precious Metal Products. The main destinations of United States exports on Other Precious Metal Products were Singapore ($124M), Canada ($91.2M), Germany ($39.5M), Mexico ($35.4M), and China ($28.1M).

In 2019, United States imported $747M in Other Precious Metal Products, mainly from Canada ($458M), Japan ($102M), Switzerland ($39.2M), Australia ($31.5M), and Germany ($27.5M).

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IN 2019, United States HAD A POSITIVE NET TRADE IN Other Precious Metal Products WITH:

IN 2019, United States HAD A NEGATIVE NET TRADE IN Other Precious Metal Products WITH:

Flow

THE FASTEST GROWING Other Precious Metal Products EXPORT MARKETS FOR United States WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Precious Metal Products BY United States WERE (2018 - 2019):

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Market Concentration

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Type

In 2018, United States's main exporting competitors in Other Precious Metal Products were:

In 2018, United States's main importing competitors in Other Precious Metal Products were:

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Tariffs by Country

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In 2018, the average tariff for United States in Other Precious Metal Products was 1.42%.

The countries with the highest tariffs for Other Precious Metal Products in United States were North Korea (3.73%), Cuba (3.73%), Equatorial Guinea (2.98%), Libya (2.98%), and Mayotte (2.98%).

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