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Colloidal precious metals; inorganic or organic compounds of precious metals, whether or not chemically defined; amalgams of precious metals

2843 (Harmonized System 1992 for 4-digit)

2023
World Trade $8.12BRnk 410 / 1217
2023
Top Exporter | Top Importer $1.91B | $1.6BJapan | India
2023
Product Complexity 1.97Rnk 5 / 1044
2022 - 2023
Export Growth (CAGR) -19.6%Rnk 1029 / 1217
2023
Share of World Trade 0.036%Rnk 410 / 1217

About

Overview This page contains the latest trade data of Precious Metal Compounds. In 2023, Precious Metal Compounds were the world's 410th most traded product, with a total trade of $8.12B. Between 2022 and 2023 the exports of Precious Metal Compounds decreased by -19.6%, from $10.1B to $8.12B. Trade in Precious Metal Compounds represent 0.036% of total world trade.

Precious Metal Compounds are a part of Inorganic chemicals. They include Precious metal compounds except gold, silver, amalgam, Gold compounds, Silver nitrate, Colloidal precious metals, and Silver compounds other than silver nitrate.

Exports In 2023 the top exporters of Precious Metal Compounds  were Japan ($1.91B), Germany ($1.89B), United States ($1.25B), United Kingdom ($1.04B), and Switzerland ($500M).

Imports In 2023 the top importers of Precious Metal Compounds were India ($1.6B), Mexico ($660M), United Kingdom ($495M), Germany ($494M), and Poland ($422M).

Ranking Precious Metal Compounds ranks 5th in the Product Complexity Index (PCI).

Description Colloidal precious metals are inorganic or organic compounds of precious metals, whether or not chemically defined. They are also amalgams of precious metals in which the precious metal is mixed with mercury.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Precious Metal Compounds. 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)Japan$1.91B
Top Destination (2023)India$1.6B

In 2023 Precious Metal Compounds were the world's 410th most traded product (out of 1,217).

In 2023, the top exporters of Precious Metal Compounds were Japan ($1.91B), Germany ($1.89B), United States ($1.25B), United Kingdom ($1.04B), and Switzerland ($500M).

In 2023, the top importers of Precious Metal Compounds were India ($1.6B), Mexico ($660M), United Kingdom ($495M), Germany ($494M), and Poland ($422M).

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Exporters of Precious Metal Compounds (2023)
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Importers of Precious Metal Compounds (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United Arab Emirates$60.6M
Top Destination Growth (2022 -  2023)Poland$294M

Between 2022 and 2023, the exports of Precious Metal Compounds grew the fastest in United Arab Emirates ($60.6M), South Africa ($57.5M), India ($52.6M), Ireland ($39.6M), and Belgium ($20.6M).

Between 2022 and 2023, the fastest growing importers of Precious Metal Compounds were Poland ($294M), Ireland ($48.7M), Belgium ($46.6M), Switzerland ($44.7M), and United States ($41.8M).

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Exporters of Precious Metal Compounds (2022 - 2023)

Importers of Precious Metal Compounds (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.28. This means that most of the exports of Precious Metal Compounds are explained by 9 countries.

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Value of Exports in Precious Metal Compounds

Net Trade

TOP NET EXPORTER (2023)Japan$1.87B
TOP NET IMPORTER (2023)India$1.52B

This map shows which countries export or import more of Precious Metal Compounds. Each country is colored based on the difference in exports and imports of Precious Metal Compounds during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Precious Metal Compounds were Japan ($1.87B), Germany ($1.4B), United States ($1.09B), United Kingdom ($548M), and Switzerland ($281M).

In 2023, the countries that had a largest trade value in imports than in exports of Precious Metal Compounds were India ($1.52B), Mexico ($645M), Poland ($421M), France ($378M), and Czechia ($328M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Precious Metal Compounds, disaggragated by their HS6 level were Precious metal compounds except gold, silver,... ($5.7B), Gold compounds ($1.89B), Colloidal precious metals ($188M), Silver nitrate ($186M), and Silver compounds other than silver nitrate ($151M)

HS6 Disaggregation for Precious Metal Compounds (2023)
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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 Precious Metal Compounds.
It is possible to select the main countries that export or import Precious Metal Compounds in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Precious Metal Compounds by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $35M
TOP IMPORT POTENTIALUnited States+ $3.98M

Precious Metal Compounds’s highest export potential is China. With an export gap of $35M.  Precious Metal Compounds’s highest import potential is United States with an import gap of $3.98M.

See methodology.

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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)

Related Products

This visualization shows products that are likely to be exported by countries that export Precious Metal Compounds.

Country by Relatedness

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

Relative Relatedness by Country (2023)

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