Precious Metal Scraps in United States 2021 Exports | Imports : $7.92B | $2.13B, World Rnk 1 / 176 Rnk 35 / 1216 | World Rnk 6 / 127 Rnk 218 / 1215
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $771M | $108M, United Kingdom | Brazil
2021 ECONOMIC COMPLEXITY of United States: 1.46, Rnk 10 / 131
2021 PRODUCT COMPLEXITY IN Precious Metal Scraps: -0.68, Rnk 751 / 1024
Exports In 2021, United States exported $7.92B in Precious Metal Scraps, making it the 1st largest exporter of Precious Metal Scraps in the world. At the same year, Precious Metal Scraps was the 35th most exported product in United States. The main destination of Precious Metal Scraps exports from United States are: Canada ($3.05B), United Kingdom ($1.99B), Germany ($982M), Italy ($935M), and Japan ($593M).
The fastest growing export markets for Precious Metal Scraps of United States between 2020 and 2021 were United Kingdom ($771M), Canada ($362M), and Japan ($302M).
Imports In 2021, United States imported $2.13B in Precious Metal Scraps, becoming the 6th largest importer of Precious Metal Scraps in the world. At the same year, Precious Metal Scraps was the 218th most imported product in United States. United States imports Precious Metal Scraps primarily from: United Kingdom ($455M), Germany ($390M), Canada ($231M), Brazil ($181M), and Mexico ($178M).
The fastest growing import markets in Precious Metal Scraps for United States between 2020 and 2021 were Brazil ($108M), Japan ($95M), and Dominican Republic ($55.1M).
May 2023
Overview In May 2023 United States' Precious Metal Scraps exports accounted up to $598M and imports accounted up to $188M, resulting in a positive trade balance of $410M. Between May 2022 and May 2023 the exports of United States' Precious Metal Scraps have decreased by $-235M (-28.2%) from $833M to $598M, while imports decreased by $-197M (-51.2%) from $385M to $188M.
Destinations In May 2023, Precious Metal Scraps were exported mostly to Canada ($303M), Germany ($74.6M), Italy ($71.7M), Japan ($48M), and United Kingdom ($43.8M), and were imported mostly from Canada ($29.5M), Germany ($26M), Mexico ($19.5M), United Kingdom ($17.9M), and Spain ($14.4M).
Growth In May 2023, the decrease in Precious Metal Scraps's year-by-year exports was explained primarily by a decrease in exports to United Kingdom ($-131M or -54.3%), Italy ($-8.91M or -11.4%), and Belgium ($-6.2M or -21.7%). In May 2023, the decrease in Precious Metal Scraps's year-by-year imports was explained primarily by a decrease in imports from United Kingdom ($-102M or -87.9%), Germany ($-15.9M or -51.9%), and Japan ($-10.7M or -64.8%).
EXPORT GROWTH (May 2022 - May 2023): $-235M, (-28.2%)
IMPORT GROWTH (May 2022 - May 2023): $-197M, (-51.2%)
MAIN EXPORTER (May 2023): Texas, $256M
MAIN DESTINATION (May 2023): Canada, $303M
This section shows Precious Metal Scraps'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 Scraps over time.
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EXPORTS (2021): $7.92B
IMPORTS (2021): $2.13B
NET TRADE (2021): $5.79B
In 2021, United States exported $7.92B in Precious Metal Scraps. The main destinations of United States exports on Precious Metal Scraps were Canada ($3.05B), United Kingdom ($1.99B), Germany ($982M), Italy ($935M), and Japan ($593M).
In 2021, United States imported $2.13B in Precious Metal Scraps, mainly from United Kingdom ($455M), Germany ($390M), Canada ($231M), Brazil ($181M), and Mexico ($178M).
THE FASTEST GROWING Precious Metal Scraps EXPORT MARKETS FOR United States WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Scraps BY United States WERE (2020 - 2021):
In 2021, United States's main exporting competitors in Precious Metal Scraps were:
In 2021, United States's main importing competitors in Precious Metal Scraps were:
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