Overview In January 2023 United Kingdom's Precious Metal Scraps exports accounted up to £171M and imports accounted up to £170M, resulting in a positive trade balance of £1.33M. Between January 2022 and January 2023 the exports of United Kingdom's Precious Metal Scraps have increased by £103M (152%) from £68.1M to £171M, while imports decreased by £-48.4M (-22.2%) from £219M to £170M.
Destinations In January 2023, Precious Metal Scraps were exported mostly to Belgium (£46.9M), Spain (£44.4M), Italy (£25.5M), United States (£21.5M), and Germany (£17.9M), and were imported mostly from United States (£66.5M), Germany (£49.1M), Singapore (£12.2M), Australia (£5.31M), and Jordan (£3.89M).
Growth In January 2023, the increase in Precious Metal Scraps's year-by-year exports was explained primarily by an increase in exports to Spain (£14.7M or 119%), Switzerland (£4.37M or 132%), and Netherlands (£835k or 203%). In January 2023, the decrease in Precious Metal Scraps's year-by-year imports was explained primarily by a decrease in imports from United States (£-118M or -61.7%), South Korea (£-12.1M or -78.3%), and Ireland (£-7.14M or -91.7%).