Precious Metals in   United States

Overview In July 2024 United States' Precious Metals exports accounted up to $4.77B and imports accounted up to $7.72B, resulting in a negative trade balance of $2.95B. Between July 2023 and July 2024 the exports of United States'   Precious Metals have decreased by $-1.05B (-18.1%) from $5.82B to $4.77B, while imports increased by $1.37B (21.5%) from $6.36B to $7.72B.

Destinations In July 2024, Precious Metals were exported mostly to Switzerland ($882M), Canada ($588M), United Kingdom ($369M), Malaysia ($366M), and Hong Kong ($282M), and were imported mostly from Switzerland ($1.18B), South Africa ($1.17B), Canada ($1.15B), India ($847M), and Mexico ($478M).

Growth In July 2024, the decrease in Precious Metals's year-by-year exports was explained primarily by a decrease in exports to Canada ($-205M or -22.2%), Hong Kong ($-174M or -40.2%), and United Kingdom ($-171M or -17.7%). In July 2024, the increase in Precious Metals's year-by-year imports was explained primarily by an increase in imports from Australia ($130M or 72.4%), Thailand ($89.2M or 60.4%), and Canada ($77.9M or 11%).