Precious Metal Scraps in United States | The Observatory of Economic Complexity

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Exports In 2022, United States exported $5.75B 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 58th most exported product in United States. The main destination of Precious Metal Scraps exports from United States are: Canada ($2.8B), United Kingdom ($915M), Italy ($868M), Germany ($451M), and Belgium ($226M).

The fastest growing export markets for Precious Metal Scraps of United States between 2021 and 2022 were Malaysia ($183M), Dominican Republic ($19M), and South Africa ($6.13M).

Imports In 2022, United States imported $1.64B in Precious Metal Scraps, becoming the 7th largest importer of Precious Metal Scraps in the world. At the same year, Precious Metal Scraps was the 294th most imported product in United States. United States imports Precious Metal Scraps primarily from: Japan ($262M), Mexico ($229M), Germany ($220M), Canada ($220M), and United Kingdom ($157M).

The fastest growing import markets in Precious Metal Scraps for United States between 2021 and 2022 were Japan ($167M), Mexico ($52.5M), and Thailand ($21.7M).

COMPANIES In 2023, leading companies such as AMAZON SERVICES LLC (580), MAGICAL CRUISE COMPANY LIMITED (472), and CELEBRITY CRUISES INC. (4) were at the forefront of shipping Precious Metal Scraps to the United States.

Latest Trends

January 2024

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Overview In January 2024 United States' Precious Metal Scraps exports accounted up to $534M and imports accounted up to $108M, resulting in a positive trade balance of $426M. Between January 2023 and January 2024 the exports of United States' Precious Metal Scraps have decreased by $-159M (-22.9%) from $693M to $534M, while imports decreased by $-44.8M (-29.3%) from $153M to $108M.

Destinations In January 2024, Precious Metal Scraps were exported mostly to Canada ($309M), Italy ($67.9M), Germany ($53.4M), United Kingdom ($37.4M), and Malaysia ($30.5M), and were imported mostly from Canada ($18.7M), Mexico ($17M), United Kingdom ($15.9M), Germany ($12.1M), and Thailand ($10.9M).

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 ($-52.5M or -59.8%), United Kingdom ($-47.8M or -43.5%), and Germany ($-40.1M or -23.6%). In January 2024, the decrease in Precious Metal Scraps's year-by-year imports was explained primarily by a decrease in imports from Poland ($-21.6M or -99.4%), Canada ($-19.5M or -41.8%), and Germany ($-13.1M or -88.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-159M(-22.9%)

IMPORT GROWTH (January 2023 - January 2024)$-44.8M(-29.3%)

MAIN EXPORTER (January 2024)Texas$244M

MAIN DESTINATION (January 2024)Canada$309M

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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