HS Icon Precious Metals in  Flag United Kingdom

2020
Exports | Imports
: $34.4B | $104B, World Rnk 5 / 219
Flag Rnk 4 / 21 | World Rnk 1 / 222
Flag Rnk 2 / 21

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $2.18B | $13.4B, Germany |  Russia

2020
ECONOMIC COMPLEXITY of United Kingdom
: 1.42, Rnk 13 / 127

2020
PRODUCT COMPLEXITY  IN Precious Metals
: 0.58, Rnk 330 / 1029

Exports In 2020, United Kingdom exported $34.4B in Precious Metals, making it the 5th largest exporter of Precious Metals in the world. At the same year, Precious Metals was the 4th most exported product in United Kingdom. The main destination of Precious Metals exports from United Kingdom are: Switzerland ($8.28B), United States ($3.81B), Germany ($3.75B), Hong Kong ($2.96B), and Canada ($2.15B).

The fastest growing export markets for Precious Metals of United Kingdom between 2019 and 2020 were Germany ($2.18B), Canada ($2B), and Belarus ($1.11B).

Imports In 2020, United Kingdom imported $104B in Precious Metals, becoming the 1st largest importer of Precious Metals in the world. At the same year, Precious Metals was the 2nd most imported product in United Kingdom. United Kingdom imports Precious Metals primarily from: Russia ($21B), Hong Kong ($12.6B), Canada ($9.63B), United States ($9.4B), and Australia ($8.28B).

The fastest growing import markets in Precious Metals for United Kingdom between 2019 and 2020 were Russia ($13.4B), Hong Kong ($8.14B), and Uzbekistan ($3.66B).

August 2022

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (August 2021 - August 2022): £5.74B, (253%)

IMPORT GROWTH (August 2021 - August 2022): £-911M, (-16.4%)

MAIN EXPORTER (August 2022): London Heathrow Airport, £7.59B

MAIN DESTINATION (August 2022): China, £2.32B

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.

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Historical Data

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Compare to

EXPORTS (2020): $34.4B

IMPORTS (2020): $104B

NET TRADE (2020): -$69.9B

In 2020, United Kingdom exported $34.4B in Precious Metals. The main destinations of United Kingdom exports on Precious Metals were Switzerland ($8.28B), United States ($3.81B), Germany ($3.75B), Hong Kong ($2.96B), and Canada ($2.15B).

In 2020, United Kingdom imported $104B in Precious Metals, mainly from Russia ($21B), Hong Kong ($12.6B), Canada ($9.63B), United States ($9.4B), and Australia ($8.28B).

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Flow

THE FASTEST GROWING Precious Metals EXPORT MARKETS FOR United Kingdom WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metals BY United Kingdom WERE (2019 - 2020):

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Market Concentration

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Flow
Type

In 2020, United Kingdom's main exporting competitors in Precious Metals were:

In 2020, United Kingdom's main importing competitors in Precious Metals were:

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