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711419 (Harmonized System 1992 for 6-digit)

2023
World Trade $537MRnk 2777 / 4644
2023
Top Exporter | Top Importer $129M | $164MChina | Hong Kong
2023
Product Complexity 0.45Rnk 1752 / 4656
2022 - 2023
Export Growth (CAGR) -31.9%Rnk 4285 / 4644
2023
Share of World Trade 0.0024%Rnk 2777 / 4644

About

Overview This page contains the latest trade data of Gold/silversmith wares of/clad with precious metal ne. In 2023, Gold/silversmith wares of/clad with precious metal ne were the world's 2777th most traded product, with a total trade of $537M. Between 2022 and 2023 the exports of Gold/silversmith wares of/clad with precious metal ne decreased by -31.9%, from $788M to $537M. Trade in Gold/silversmith wares of/clad with precious metal ne represent 0.0024% of total world trade.

Gold/silversmith wares of/clad with precious metal ne are a part of Metal-Clad Products.

Exports In 2023 the top exporters of Gold/silversmith wares of/clad with precious metal ne  were China ($129M), Italy ($50.7M), Germany ($50.6M), Indonesia ($48.9M), and Hong Kong ($35.7M).

Imports In 2023 the top importers of Gold/silversmith wares of/clad with precious metal ne were Hong Kong ($164M), India ($49M), Switzerland ($40.9M), Chinese Taipei ($26.6M), and China ($20.4M).

Ranking Gold/silversmith wares of/clad with precious metal ne ranks 1752nd in the Product Complexity Index (PCI).

Description Gold and silver are both valuable, precious metals. Gold is the most valuable, and is used for the finest jewelry. Silver is less valuable and can be used for less expensive jewelry. Gold and silver can be clad with other metals, such as copper, to create a more affordable, durable metal. Gold and silver can be used in coinage, and to make crowns and other ceremonial items.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Gold/silversmith wares of/clad with precious metal ne. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)China$129M
Top Destination (2023)Hong Kong$164M

In 2023 Gold/silversmith wares of/clad with precious metal ne were the world's 2777th most traded product (out of 4,644).

In 2023, the top exporters of Gold/silversmith wares of/clad with precious metal ne were China ($129M), Italy ($50.7M), Germany ($50.6M), Indonesia ($48.9M), and Hong Kong ($35.7M).

In 2023, the top importers of Gold/silversmith wares of/clad with precious metal ne were Hong Kong ($164M), India ($49M), Switzerland ($40.9M), Chinese Taipei ($26.6M), and China ($20.4M).

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Exporters of Gold/silversmith wares of/clad with precious metal ne (2023)
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Importers of Gold/silversmith wares of/clad with precious metal ne (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Indonesia$38.2M
Top Destination Growth (2022 -  2023)India$38.5M

Between 2022 and 2023, the exports of Gold/silversmith wares of/clad with precious metal ne grew the fastest in Indonesia ($38.2M), South Korea ($20M), Vietnam ($18.4M), New Zealand ($17.6M), and Hong Kong ($8.73M).

Between 2022 and 2023, the fastest growing importers of Gold/silversmith wares of/clad with precious metal ne were India ($38.5M), Switzerland ($20M), Turkey ($13M), China ($11.2M), and Belgium ($6.85M).

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Exporters of Gold/silversmith wares of/clad with precious metal ne (2022 - 2023)

Importers of Gold/silversmith wares of/clad with precious metal ne (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Gold/silversmith wares of/clad with precious metal ne.

In 2023, market concentration measured using Shannon Entropy, was 4.08. This means that most of the exports of Gold/silversmith wares of/clad with precious metal ne are explained by 16 countries.

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Value of Exports in Gold/silversmith wares of/clad with precious metal ne

Net Trade

TOP NET EXPORTER (2023)China$109M
TOP NET IMPORTER (2023)Hong Kong$129M

This map shows which countries export or import more of Gold/silversmith wares of/clad with precious metal ne. Each country is colored based on the difference in exports and imports of Gold/silversmith wares of/clad with precious metal ne during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Gold/silversmith wares of/clad with precious metal ne were China ($109M), Indonesia ($48.9M), Germany ($39.6M), Italy ($33.8M), and South Korea ($24.7M).

In 2023, the countries that had a largest trade value in imports than in exports of Gold/silversmith wares of/clad with precious metal ne were Hong Kong ($129M), India ($40.8M), Switzerland ($25.6M), Chinese Taipei ($22.9M), and Singapore ($13.4M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Gold/silversmith wares of/clad with precious metal ne.
It is possible to select the main countries that export or import Gold/silversmith wares of/clad with precious metal ne in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Gold/silversmith wares of/clad with precious metal ne by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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