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2022
Exports $220MWorld Rnk 14 / 109
Flag Rnk 569 / 1217
2022
Destination $2.65M Chinese Taipei
2021 - 2022
FASTEST GROWING MARKET $2.65MCanada
2022
PRODUCT COMPLEXITY IN Precious Metal Ore-1.71Rnk 973 / 1025
2022
Imports $19MWorld Rnk 27 / 109
Flag Rnk 1078 / 1216
2022
Origin $11.3M Colombia
2021 - 2022
FASTEST GROWING ORIGIN $11.3MColombia
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $220M in Precious Metal Ore, making it the 14th largest exporter of Precious Metal Ore in the world. At the same year, Precious Metal Ore was the 569th most exported product in United States. The main destination of Precious Metal Ore exports from United States are: Chinese Taipei ($78.4M), Japan ($63M), Germany ($55.4M), China ($9.69M), and South Korea ($7.92M).

The fastest growing export markets for Precious Metal Ore of United States between 2021 and 2022 were Canada ($2.65M), Chinese Taipei ($2.4M), and South Korea ($1.4M).

Imports In 2022, United States imported $19M in Precious Metal Ore, becoming the 27th largest importer of Precious Metal Ore in the world. At the same year, Precious Metal Ore was the 1078th most imported product in United States. United States imports Precious Metal Ore primarily from: Colombia ($11.8M), Mexico ($6.1M), Canada ($730k), Germany ($126k), and United Kingdom ($90.4k).

The fastest growing import markets in Precious Metal Ore for United States between 2021 and 2022 were Colombia ($11.3M), Mexico ($1.46M), and Canada ($207k).

COMPANIES In 2023, leading companies such as At Home Procurement (2), 99 Cents Only Stores (1), and Arhaus (1) were at the forefront of shipping Precious Metal Ore to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Precious Metal Ore exports accounted up to $46.9M and imports accounted up to $0, resulting in a positive trade balance of $46.9M. Between June 2023 and June 2024 the exports of United States'   Precious Metal Ore have increased by $34M (265%) from $12.8M to $46.9M, while imports decreased by $-605k (-100%) from $605k to $0.

Destinations In June 2024, Precious Metal Ore were exported mostly to South Korea ($29.5M), Chinese Taipei ($17.2M), Belgium ($202k), Hong Kong ($24k), and Mexico ($4.52k), and were imported mostly from Canada ($0).

Growth In June 2024, the increase in Precious Metal Ore's year-by-year exports was explained primarily by an increase in exports to Chinese Taipei ($4.14M or 102%) and Mexico ($37.8k or 311%). In June 2024, the decrease in Precious Metal Ore's year-by-year imports was explained primarily by a decrease in imports from N/A.

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$34M(265%)
IMPORT GROWTH (February 2023 - June 2024)$-605k(-100%)
MAIN EXPORTER (June 2024)Alaska$25.1M
MAIN DESTINATION (June 2024)South Korea$29.5M

This section shows Precious Metal Ore'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 Metal Ore over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$220M
IMPORTS (2022)$19M
NET TRADE (2022)$201M

In 2022, United States exported $220M in Precious Metal Ore. The main destinations of United States exports on Precious Metal Ore were Chinese Taipei ($78.4M), Japan ($63M), Germany ($55.4M), China ($9.69M), and South Korea ($7.92M).

In 2022, United States imported $19M in Precious Metal Ore, mainly from Colombia ($11.8M), Mexico ($6.1M), Canada ($730k), Germany ($126k), and United Kingdom ($90.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Ore EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$2.65M (1.85k%)
Chinese Taipei$2.4M (3.16%)
South Korea$1.4M (21.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Ore BY United States WERE (2021 - 2022):
China-$29.3M (-75.1%)
Germany-$24.8M (-30.9%)
Belgium-$7.67M (-93.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Precious Metal Ore were:
South Africa $1.97B
Australia $1.56B
Mexico $1.25B
In 2022, United States's main importing competitors in Precious Metal Ore were:
China $5.16B
Germany $2.75B
South Korea $783M

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Trade Value of Precious Metal Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $10.5M
TOP IMPORT POTENTIALMexico+ $4.06M

Precious Metal Ore’s highest export potential is China. With an export gap of $10.5M.   Precious Metal Ore’s highest import potential is Mexico with an import gap of $4.06M.

See methodology.

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