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Overview This page contains the latest trade data of Metals. In 2021, Metals were the world's 5th most traded product, with a total trade of $1.63T. Between 2020 and 2021 the exports of Metals grew by 41.6%, from $1.15T to $1.63T. Trade in Metals represent 7.75% of total world trade.

Metals include Iron & steel, Iron or steel articles, Aluminum articles, Copper articles, Miscellaneous metal products, Tools & cutlery, Nickel articles, Cermet articles, Zinc articles, and Lead articles, among others.

Exports In 2021 the top exporters of Metals  were China ($259B), Germany ($125B), United States ($73.8B), Japan ($68.9B), and Italy ($61.1B).

Imports In 2021 the top importers of Metals were United States ($170B), China ($141B), Germany ($119B), Italy ($61B), and France ($53.9B).

Ranking Metals ranks 12th in the Product Complexity Index (PCI).

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Metals. Countries are shown based on data availability.

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

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Exporters and Importers

Top Origin (2021)China$259B
Top Destination (2021)United States$170B

In 2021 Metals were the world's 5th most traded product (out of 21).

In 2021, the top exporters of Metals were China ($259B), Germany ($125B), United States ($73.8B), Japan ($68.9B), and Italy ($61.1B).

In 2021, the top importers of Metals were United States ($170B), China ($141B), Germany ($119B), Italy ($61B), and France ($53.9B).

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Exporters of Metals (2021)
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Importers of Metals (2021)
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Market Dynamics

Color
Top Origin Growth (2020 -  2021)China$78.7B
Top Destination Growth (2020 -  2021)United States$55.9B

Between 2020 and 2021, the exports of Metals grew the fastest in China ($78.7B), Germany ($30B), India ($18.7B), Russia ($18.7B), and Italy ($17.9B).

Between 2020 and 2021, the fastest growing importers of Metals were United States ($55.9B), Germany ($34.8B), China ($33.3B), Italy ($24.2B), and Turkey ($18B).

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Exporters of Metals (2020 - 2021)

Importers of Metals (2020 - 2021)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Metals.

In 2021, market concentration measured using Shannon Entropy, was 5.33. This means that most of the exports of Metals are explained by 40 countries.

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Value of Exports in Metals

Net Trade

TOP NET EXPORTER (2021)China$117B
TOP NET IMPORTER (2021)United States$95.9B

This map shows which countries export or import more of Metals. Each country is colored based on the difference in exports and imports of Metals during 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Metals were China ($117B), Russia ($36.4B), Japan ($28.9B), Chile ($19.5B), and Democratic Republic of the Congo ($13.5B).

In 2021, the countries that had a largest trade value in imports than in exports of Metals were United States ($95.9B), Mexico ($23.6B), Thailand ($19.1B), France ($11.9B), and United Kingdom ($10.4B).

Net Trade (2021)

Disaggregation

Value
Disaggregation

In 2021, the world most traded Metals, disaggragated by their HS6 level were Iron & steel ($550B), Iron or steel articles ($355B), Aluminum articles ($243B), Copper articles ($225B), and Miscellaneous metal products ($84.3B)

HS6 Disaggregation for Metals (2021)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Metals.
It is possible to select the main countries that export or import Metals in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Metals 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 (2021)

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