HS Icon Other Precious Metal Products

7115 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Other Precious Metal Products. In 2020, Other Precious Metal Products were the world's 409th most traded product, with a total trade of $6.59B. Between 2019 and 2020 the exports of Other Precious Metal Products grew by 81.4%, from $3.63B to $6.59B. Trade in Other Precious Metal Products represent 0.039% of total world trade.

Other Precious Metal Products are a part of Precious stones, metals, & pearls. They include Articles of, or clad with, precious metal nes and Catalysts (form of wire cloth or grill) of platinum.

Exports In 2020 the top exporters of Other Precious Metal Products  were South Africa ($1.32B), Canada ($1.3B), United States ($906M), Germany ($739M), and Japan ($347M).

Imports In 2020 the top importers of Other Precious Metal Products were United States ($3.17B), Canada ($403M), Singapore ($346M), China ($265M), and Germany ($259M).

Tariffs In 2018 the average tariff for Other Precious Metal Products was 9.45%, making it the 451st lowest tariff using the HS4 product classification.

Ranking Other Precious Metal Products ranks 534th in the Product Complexity Index (PCI).

Description Articles of precious metal are made from a variety of materials, including gold, silver, platinum, and palladium.

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Y-AXIS SCALE

The following visualization shows the latest trends on Other Precious Metal Products. 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

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Exporters and Importers

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Trade By Country

Top Origin (2020): South Africa, $1.32B

Top Destination (2020): United States, $3.17B

Other Precious Metal Products are the world's 409th most traded product.

In 2020, the top exporters of Other Precious Metal Products were South Africa ($1.32B), Canada ($1.3B), United States ($906M), Germany ($739M), and Japan ($347M).

In 2020, the top importers of Other Precious Metal Products were United States ($3.17B), Canada ($403M), Singapore ($346M), China ($265M), and Germany ($259M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): South Africa, $1.31B

Top Destination Growth (2019 - 2020): United States, $2.34B

Between 2019 and 2020, the exports of Other Precious Metal Products grew the fastest in South Africa ($1.31B), Canada ($622M), United States ($472M), United Kingdom ($134M), and South Korea ($132M).

Between 2019 and 2020, the fastest growing importers of Other Precious Metal Products were United States ($2.34B), Canada ($294M), Singapore ($165M), China ($137M), and Malaysia ($52.1M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Other Precious Metal Products.

In 2020,  market concentration measured using Shannon Entropy, was 3.78. This means that most of the exports of Other Precious Metal Products are explained by 13 countries.

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TOP NET EXPORTER (2020): South Africa, $1.29B

TOP NET IMPORTER (2020): United States, $2.27B

This map shows which countries export or import more of Other Precious Metal Products. Each country is colored based on the difference in exports and imports of Other Precious Metal Products during 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Other Precious Metal Products were South Africa ($1.29B), Canada ($898M), Germany ($480M), Japan ($216M), and United Kingdom ($188M).

In 2020, the countries that had a largest trade value in imports than in exports of Other Precious Metal Products were United States ($2.27B), China ($195M), Singapore ($157M), Thailand ($131M), and Malaysia ($130M).

Disaggregation

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Value

In 2020, the world most traded Other Precious Metal Products, disaggragated by their HS6 level were Articles of, or clad with, precious... ($5.71B) and Catalysts (form of wire cloth or... ($879M)

Country Comparison

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Measure
Ranking

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

Product Complexity

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Diversification Frontier

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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.

Country by Relatedness

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The following visualization shows the relatedness of Other Precious Metal Products to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.