NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Exports $42.8BWorld Rnk 5 / 221
Flag Rnk 5 / 21
2023
Destination $1.7B China
2022 - 2023
FASTEST GROWING MARKET $1.7BIndia
2023
PRODUCT COMPLEXITY IN Precious Metals0.86Rnk 225 / 1025
2023
Imports $68.8BWorld Rnk 6 / 223
Flag Rnk 4 / 21
2023
Origin $10.1B Kazakhstan
2022 - 2023
FASTEST GROWING ORIGIN $10.1BCanada
2023
ECONOMIC COMPLEXITY of United Kingdom1.5Rnk 11 / 132

About

Exports In 2023, United Kingdom exported $42.8B in Precious Metals, making it the 5th largest exporter of Precious Metals in the world. At the same year, Precious Metals was the 5th most exported product in United Kingdom. The main destination of Precious Metals exports from United Kingdom are: China ($17.8B), Hong Kong ($9.45B), Switzerland ($2.99B), India ($2.14B), and United States ($1.63B).

The fastest growing export markets for Precious Metals of United Kingdom between 2022 and 2023 were India ($1.7B), Hong Kong ($904M), and Brunei ($712M).

Imports In 2023, United Kingdom imported $68.8B in Precious Metals, becoming the 6th largest importer of Precious Metals in the world. At the same year, Precious Metals was the 4th most imported product in United Kingdom. United Kingdom imports Precious Metals primarily from: Kazakhstan ($14.1B), Canada ($11.6B), United States ($9.23B), South Africa ($5.06B), and Germany ($3.89B).

The fastest growing import markets in Precious Metals for United Kingdom between 2022 and 2023 were Canada ($10.1B), Kazakhstan ($6.99B), and Australia ($2.17B).

COMPANIES In 2023, leading companies such as Amazon (32), TE Connectivity (2), and Pernod Ricard (1) were at the forefront of shipping Precious Metals from United Kingdom to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United Kingdom's Precious Metals exports accounted up to £10.2B and imports accounted up to £7.9B, resulting in a positive trade balance of £2.27B. Between November 2023 and November 2024 the exports of United Kingdom's   Precious Metals have increased by £4.19B (70%) from £5.98B to £10.2B, while imports increased by £3.19B (67.7%) from £4.71B to £7.9B.

Destinations In November 2024, Precious Metals were exported mostly to Switzerland (£4.31B), China (£3.35B), United States (£782M), Azerbaijan (£457M), and Hong Kong (£186M), and were imported mostly from Kazakhstan (£2.01B), Canada (£1.19B), Germany (£766M), United States (£642M), and Switzerland (£609M).

Growth In November 2024, the increase in Precious Metals's year-by-year exports was explained primarily by an increase in exports to Hong Kong (£460M or 481%), China (£409M or 497%), and Canada (£81.8M or 342%). In November 2024, the increase in Precious Metals's year-by-year imports was explained primarily by an increase in imports from United States (£165M or 27.1%), Japan (£98.7M or 130%), and Switzerland (£98.7M or 124%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)£4.19B(70%)
IMPORT GROWTH (November 2023 - November 2024)£3.19B(67.7%)
MAIN EXPORTER (November 2024)London Heathrow Airport£9.92B
MAIN DESTINATION (November 2024)Switzerland£4.31B

This section shows Precious Metals'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 Metals over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$42.8B
IMPORTS (2023)$68.8B
NET TRADE (2023)-$26B

In 2023, United Kingdom exported $42.8B in Precious Metals. The main destinations of United Kingdom exports on Precious Metals were China ($17.8B), Hong Kong ($9.45B), Switzerland ($2.99B), India ($2.14B), and United States ($1.63B).

In 2023, United Kingdom imported $68.8B in Precious Metals, mainly from Kazakhstan ($14.1B), Canada ($11.6B), United States ($9.23B), South Africa ($5.06B), and Germany ($3.89B).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious Metals EXPORT MARKETS FOR United Kingdom WERE (2022 - 2023):
India$1.7B (386%)
Hong Kong$904M (10.6%)
Brunei$712M (212k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metals BY United Kingdom WERE (2022 - 2023):
United Arab Emirates-$1.17B (-54.3%)
Germany-$1B (-60.5%)
Switzerland-$928M (-23.7%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United Kingdom's main exporting competitors in Precious Metals were:
Switzerland $124B
United Arab Emirates $68.9B
United States $57.4B
In 2023, United Kingdom's main importing competitors in Precious Metals were:
Switzerland $131B
United Arab Emirates $112B
Hong Kong $110B

Explore Visualizations

Trade Value of Precious Metals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $677M
TOP IMPORT POTENTIALSwitzerland+ $774M

Precious Metals’s highest export potential is United States. With an export gap of $677M.   Precious Metals’s highest import potential is Switzerland with an import gap of $774M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms