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2022
Exports $1.45BWorld Rnk 3 / 177
Flag Rnk 54 / 1216
2022
Destination $415M Spain
2021 - 2022
FASTEST GROWING MARKET $415MSpain
2022
PRODUCT COMPLEXITY IN Precious Metal Scraps-0.68Rnk 752 / 1025
2022
Imports $2.29BWorld Rnk 4 / 118
Flag Rnk 57 / 1214
2022
Origin $76.3MN/A
2021 - 2022
FASTEST GROWING ORIGIN $76.3MSpain
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

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: N/A.

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).

Latest Trends

August 2024

About

Overview In August 2024 United Kingdom's Precious Metal Scraps exports accounted up to £129M and imports accounted up to £111M, resulting in a positive trade balance of £18.6M. Between August 2023 and August 2024 the exports of United Kingdom's   Precious Metal Scraps have increased by £12.1M (10.4%) from £117M to £129M, while imports decreased by £-9.05M (-7.56%) from £120M to £111M.

Destinations In August 2024, Precious Metal Scraps were exported mostly to Spain (£49M), Switzerland (£40.4M), United States (£15.6M), Germany (£7.58M), and Italy (£6.5M), and were imported mostly from United States (£36M), Germany (£19.6M), Singapore (£6.67M), Spain (£5.93M), and South Korea (£5.43M).

Growth In August 2024, the increase in Precious Metal Scraps's year-by-year exports was explained primarily by an increase in exports to Belgium (£33.9M or 261%), United States (£20.4M or 1.97k%), and Spain (£17.4M or 64.4%). In August 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 (August 2023 - August 2024)£12.1M(10.4%)
IMPORT GROWTH (August 2023 - August 2024)£-9.05M(-7.56%)
MAIN EXPORTER (August 2024)London Heathrow Airport£120M
MAIN DESTINATION (August 2024)Spain£49M

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).

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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%)
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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

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Trade Value of Precious Metal Scraps by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $90.1M
TOP IMPORT POTENTIALBelgium+ $28M

Precious Metal Scraps’s highest export potential is Germany. With an export gap of $90.1M.   Precious Metal Scraps’s highest import potential is Belgium with an import gap of $28M.

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