2022
Exports
$1.56BWorld Rnk 2 / 109
Flag Rnk 23 / 1208
2022
PRODUCT COMPLEXITY IN Precious Metal Ore
-1.71Rnk 973 / 1025
2022
Imports
$29.3MWorld Rnk 24 / 109
Flag Rnk 605 / 1206
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $1.56B in Precious Metal Ore, making it the 2nd largest exporter of Precious Metal Ore in the world. At the same year, Precious Metal Ore was the 23rd most exported product in Australia. The main destination of Precious Metal Ore exports from Australia are: Germany ($330M), Philippines ($325M), China ($272M), South Korea ($259M), and Japan ($169M).

The fastest growing export markets for Precious Metal Ore of Australia between 2021 and 2022 were Germany ($113M), Finland ($73.7M), and Sweden ($61M).

Imports In 2022, Australia imported $29.3M in Precious Metal Ore, becoming the 24th largest importer of Precious Metal Ore in the world. At the same year, Precious Metal Ore was the 605th most imported product in Australia. Australia imports Precious Metal Ore primarily from: Bolivia ($21.3M), Canada ($4.96M), Colombia ($2.74M), Suriname ($146k), and Germany ($63.5k).

The fastest growing import markets in Precious Metal Ore for Australia between 2021 and 2022 were Canada ($3.87M), Colombia ($2.04M), and Suriname ($146k).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Precious Metal Ore. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.56B
IMPORTS (2022)$29.3M
NET TRADE (2022)$1.53B

In 2022, Australia exported $1.56B in Precious Metal Ore. The main destinations of Australia exports on Precious Metal Ore were Germany ($330M), Philippines ($325M), China ($272M), South Korea ($259M), and Japan ($169M).

In 2022, Australia imported $29.3M in Precious Metal Ore, mainly from Bolivia ($21.3M), Canada ($4.96M), Colombia ($2.74M), Suriname ($146k), and Germany ($63.5k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Ore EXPORT MARKETS FOR Australia WERE (2021 - 2022):
Germany$113M (52.4%)
Finland$73.7M (1%)
Sweden$61M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Ore BY Australia WERE (2021 - 2022):
China-$58.6M (-17.7%)
Chinese Taipei-$31.6M (-67.7%)
South Korea-$22M (-7.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Precious Metal Ore were:
In 2022, Australia's main importing competitors in Precious Metal Ore were:

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Trade Value of Precious Metal Ore by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $82.9M
TOP IMPORT POTENTIALColombia+ $972k

Precious Metal Ore’s highest export potential is China. With an export gap of $82.9M.   Precious Metal Ore’s highest import potential is Colombia with an import gap of $972k.

See methodology.

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