Overview This page contains the latest trade data of Metals. In 2020, Metals were the world's 5th most traded product, with a total trade of $1.15T. Between 2019 and 2020 the exports of Metals decreased by -8.43%, from $1.25T to $1.15T. Trade in Metals represent 6.84% of total world trade.
Metals include Refined Copper, Hot-Rolled Iron, Raw Aluminium, Coated Flat-Rolled Iron, Other Iron Products, Iron Structures, Scrap Iron, Iron Fasteners, Large Flat-Rolled Stainless Steel, and Semi-Finished Iron, among others.
Exports In 2020 the top exporters of Metals were China ($180B), Germany ($95.3B), United States ($57.1B), Japan ($51.7B), and South Korea ($43.4B).
Imports In 2020 the top importers of Metals were United States ($114B), China ($108B), Germany ($84.5B), France ($38.4B), and Italy ($36.5B).
Tariffs In 2018 the average tariff for Metals was 6.52%, making it the 16th lowest tariff using the Section product classification.
The countries with the highest import tariffs for Metals are Bahamas (36.9%), Bermuda (24.7%), Sudan (22.7%), and Cayman Islands (20.8%). The countries with the lowest tariffs are Hong Kong (0%), Singapore (0%), Switzerland (0%), Norway (0%), and Mauritius (0.41%).
Ranking Metals ranks 12th in the Product Complexity Index (PCI).