Other Precious Metal Products7115 (Harmonized System 1992 for 4-digit)
2020 World Trade: $6.59B, Rnk 409 / 1217
2020 Top Exporter | Top Importer: $1.32B | $3.17B, South Africa | United States
2020 Product Complexity: 0.055, Rnk 534 / 1028
2019 - 2020 Export Growth (CAGR): 81.4%, Rnk 8 / 1217
2018 Mean Tariff: 9.45%, Rnk 451 / 1259
2020 Share of World Trade: 0.039%, Rnk 409 / 1217
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.
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.
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).
Trade by country
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).
Cumulative market share
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.
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).
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)
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.
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.
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