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2022
Exports | Imports $1.45B | $2.29BWorld Rnk 3 / 177
Flag Rnk 54 / 1216
World Rnk 4 / 118
Flag Rnk 57 / 1214
2021 - 2022
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN $415M | $76.3MSpain |  Spain
2022
ECONOMIC COMPLEXITY of United Kingdom1.38Rnk 12 / 124
2022
PRODUCT COMPLEXITY IN Precious Metal Scraps-0.66Rnk 746 / 1025

About

Exports In 2022, United Kingdom exported $1.45B in Precious Metal Scraps, making it the 3rd largest exporter of Precious Metal Scraps in the world. At the same year, Precious Metal Scraps was the 54th most exported product in United Kingdom. The main destination of Precious Metal Scraps exports from United Kingdom are: Spain ($678M), Germany ($232M), Italy ($229M), United States ($157M), and Switzerland ($63.8M).

The fastest growing export markets for Precious Metal Scraps of United Kingdom between 2021 and 2022 were Spain ($415M), Germany ($34.9M), and Switzerland ($27.4M).

Imports In 2022, United Kingdom imported $2.29B in Precious Metal Scraps, becoming the 4th largest importer of Precious Metal Scraps in the world. At the same year, Precious Metal Scraps was the 57th most imported product in United Kingdom. United Kingdom imports Precious Metal Scraps primarily from: United States ($915M), Spain ($133M), Germany ($132M), Jordan ($121M), and Singapore ($112M).

The fastest growing import markets in Precious Metal Scraps for United Kingdom between 2021 and 2022 were Spain ($76.3M), Jordan ($50.9M), and Chinese Taipei ($45.9M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Precious Metal Scraps from United Kingdom to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United Kingdom's Precious Metal Scraps exports accounted up to £118M and imports accounted up to £113M, resulting in a positive trade balance of £4.98M. Between January 2023 and January 2024 the exports of United Kingdom's   Precious Metal Scraps have decreased by £-53.8M (-31.4%) from £171M to £118M, while imports decreased by £-57.4M (-33.8%) from £170M to £113M.

Destinations In January 2024, Precious Metal Scraps were exported mostly to Spain (£36.7M), Switzerland (£26M), United States (£17.2M), Belgium (£13.4M), and Italy (£10.6M), and were imported mostly from United States (£61M), Germany (£13.8M), South Africa (£4.91M), Egypt (£4.67M), and Japan (£2.71M).

Growth In January 2024, the decrease in Precious Metal Scraps's year-by-year exports was explained primarily by a decrease in exports to Japan (£-1.38M or -99.4%), Netherlands (£-334k or -26.8%), and Czechia (£-124k or -62.2%). In January 2024, the decrease in Precious Metal Scraps's year-by-year imports was explained primarily by a decrease in imports from South Africa (£-32.8M or -94.4%), United States (£-6.82M or -9.31%), and Jordan (£-5.83M or -60%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2023 - January 2024)£-53.8M(-31.4%)
IMPORT GROWTH (January 2023 - January 2024)£-57.4M(-33.8%)
MAIN EXPORTER (January 2024)London Heathrow Airport£67.4M
MAIN DESTINATION (January 2024)Spain£36.7M

This section shows Precious Metal Scraps's exports and imports data at subnational level for United Kingdom. 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 Scraps over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.45B
IMPORTS (2022)$2.29B
NET TRADE (2022)-$834M

In 2022, United Kingdom exported $1.45B in Precious Metal Scraps. The main destinations of United Kingdom exports on Precious Metal Scraps were Spain ($678M), Germany ($232M), Italy ($229M), United States ($157M), and Switzerland ($63.8M).

In 2022, United Kingdom imported $2.29B in Precious Metal Scraps, mainly from United States ($915M), Spain ($133M), Germany ($132M), Jordan ($121M), and Singapore ($112M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Scraps EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Spain$415M (158%)
Germany$34.9M (17.7%)
Switzerland$27.4M (75.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Scraps BY United Kingdom WERE (2021 - 2022):
United States-$307M (-66.2%)
Belgium-$227M (-97.4%)
Netherlands-$51.7M (-76.1%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Precious Metal Scraps were:
United States $5.75B
Indonesia $2.6B
In 2022, United Kingdom's main importing competitors in Precious Metal Scraps were:
Germany $3.7B
Canada $3.02B
Japan $2.87B

Explore Visualizations

Trade Value of Precious Metal Scraps by Exporters

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