Precious Metals in United Kingdom | The Observatory of Economic Complexity

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Exports In 2022, United Kingdom exported $50.4B in Precious Metals, making it the 4th 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 ($18.3B), United Arab Emirates ($4.83B), Germany ($3.46B), Switzerland ($3.43B), and Hong Kong ($2.9B).

The fastest growing export markets for Precious Metals of United Kingdom between 2021 and 2022 were China ($17B), United Arab Emirates ($1.96B), and Austria ($1.37B).

Imports In 2022, United Kingdom imported $57B in Precious Metals, becoming the 7th largest importer of Precious Metals in the world. At the same year, Precious Metals was the 5th most imported product in United Kingdom. United Kingdom imports Precious Metals primarily from: United States ($9.97B), Canada ($7.57B), Kazakhstan ($7.15B), Switzerland ($4.66B), and Philippines ($3.42B).

The fastest growing import markets in Precious Metals for United Kingdom between 2021 and 2022 were Philippines ($3.42B), Kazakhstan ($3.01B), and France ($428M).

COMPANIES In 2023, leading companies such as AMAZON SERVICES LLC (2.9k) and TE CONNECTIVITY CORPORATION (44) were at the forefront of shipping Precious Metals from United Kingdom to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United Kingdom's Precious Metals exports accounted up to £8.22B and imports accounted up to £4.22B, resulting in a positive trade balance of £4B. Between January 2023 and January 2024 the exports of United Kingdom's Precious Metals have increased by £5.46B (197%) from £2.76B to £8.22B, while imports increased by £1.43B (51.3%) from £2.79B to £4.22B.

Destinations In January 2024, Precious Metals were exported mostly to Switzerland (£4.79B), China (£1.32B), United Arab Emirates (£719M), Hong Kong (£317M), and Singapore (£209M), and were imported mostly from Canada (£1.04B), Germany (£899M), United States (£692M), Switzerland (£391M), and South Africa (£305M).

Growth In January 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 January 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

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)£5.46B(197%)

IMPORT GROWTH (January 2023 - January 2024)£1.43B(51.3%)

MAIN EXPORTER (January 2024)London Heathrow Airport£7.98B

MAIN DESTINATION (January 2024)Switzerland£4.79B

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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