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Pricing

Waste and scrap of precious metal or of metal clad with precious metal; other waste and scrap containing precious metal compounds, of a kind uses principally for the recovery of precious metal

7112 (Harmonized System 1992 for 4-digit)

2023
World Trade $27.5BRnk 163 / 1217
2023
Top Exporter | Top Importer $5.44B | $4.72BUnited States | Germany
2023
Product Complexity -0.57Rnk 744 / 1044
2022 - 2023
Export Growth (CAGR) 2.42%Rnk 325 / 1217
2023
Share of World Trade 0.12%Rnk 163 / 1217

About

Overview This page contains the latest trade data of Precious Metal Scraps. In 2023, Precious Metal Scraps were the world's 163rd most traded product, with a total trade of $27.5B. Between 2022 and 2023 the exports of Precious Metal Scraps grew by 2.42%, from $26.8B to $27.5B. Trade in Precious Metal Scraps represent 0.12% of total world trade.

Precious Metal Scraps are a part of Precious stones, metals, & pearls. They include Waste/scrap, precious metals except pure gold/platinu, Waste or scrap containing gold as sole precious metal, and Waste/scrap containing platinum as sole precious meta.

Exports In 2023 the top exporters of Precious Metal Scraps  were United States ($5.44B), Indonesia ($3.45B), Belgium ($1.78B), France ($1.36B), and United Kingdom ($1.24B).

Imports In 2023 the top importers of Precious Metal Scraps were Germany ($4.72B), Canada ($3.77B), Switzerland ($3.16B), Italy ($2.2B), and Hong Kong ($1.74B).

Ranking Precious Metal Scraps ranks 744th in the Product Complexity Index (PCI).

Description Waste and scrap of precious metal or of metal clad with precious metal are used in the production of other goods. They can be made from a variety of materials, including copper, silver, gold, platinum, and palladium.

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Precious Metal Scraps. 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)United States$5.44B
Top Destination (2023)Germany$4.72B

In 2023 Precious Metal Scraps were the world's 163rd most traded product (out of 1,217).

In 2023, the top exporters of Precious Metal Scraps were United States ($5.44B), Indonesia ($3.45B), Belgium ($1.78B), France ($1.36B), and United Kingdom ($1.24B).

In 2023, the top importers of Precious Metal Scraps were Germany ($4.72B), Canada ($3.77B), Switzerland ($3.16B), Italy ($2.2B), and Hong Kong ($1.74B).

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

Color
Top Origin Growth (2022 -  2023)United Arab Emirates$858M
Top Destination Growth (2022 -  2023)Turkey$975M

Between 2022 and 2023, the exports of Precious Metal Scraps grew the fastest in United Arab Emirates ($858M), Belgium ($776M), Indonesia ($557M), Cambodia ($486M), and Thailand ($215M).

Between 2022 and 2023, the fastest growing importers of Precious Metal Scraps were Turkey ($975M), Switzerland ($901M), Singapore ($828M), Canada ($755M), and Hong Kong ($470M).

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Exporters of Precious Metal Scraps (2022 - 2023)

Importers of Precious Metal Scraps (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 4.61. This means that most of the exports of Precious Metal Scraps are explained by 24 countries.

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Value of Exports in Precious Metal Scraps

Net Trade

TOP NET EXPORTER (2023)United States$4.35B
TOP NET IMPORTER (2023)Germany$3.82B

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

In 2023, the countries that had a largest trade value in exports than in imports of Precious Metal Scraps were United States ($4.35B), Indonesia ($3.45B), France ($1.31B), Belgium ($996M), and Philippines ($954M).

In 2023, the countries that had a largest trade value in imports than in exports of Precious Metal Scraps were Germany ($3.82B), Canada ($3.01B), Switzerland ($2.53B), Italy ($1.97B), and Spain ($925M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Precious Metal Scraps, disaggragated by their HS6 level were Waste or scrap containing gold as... ($14.7B), Waste/scrap, precious metals except pure gold/platinu ($12.8B), and Waste/scrap containing platinum as sole precious... ($1.41k)

HS6 Disaggregation for Precious Metal Scraps (2023)
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Country Comparison

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Measure
Ranking

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

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

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALSwitzerland+ $44.6M
TOP IMPORT POTENTIALCanada+ $174M

Precious Metal Scraps’s highest export potential is Switzerland. With an export gap of $44.6M.  Precious Metal Scraps’s highest import potential is Canada with an import gap of $174M.

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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 Scraps.

Country by Relatedness

The following visualization shows the relatedness of Precious Metal Scraps 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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