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)

About

Overview This page contains the latest trade data of Precious Metal Scraps. In 2021, Precious Metal Scraps were the world's 163rd most traded product, with a total trade of $27.3B. Between 2020 and 2021 the exports of Precious Metal Scraps grew by 4.76%, from $26.1B to $27.3B. Trade in Precious Metal Scraps represent 0.13% 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 2021 the top exporters of Precious Metal Scraps  were United States ($7.92B), Germany ($1.67B), United Kingdom ($1.57B), Canada ($1.28B), and Indonesia ($1.22B).

Imports In 2021 the top importers of Precious Metal Scraps were Germany ($3.94B), United Kingdom ($3.6B), Japan ($3.59B), Canada ($3.16B), and Italy ($2.46B).

Ranking Precious Metal Scraps ranks 766th 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 Data

View
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.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Exporters and Importers

Top Origin (2021)United States$7.92B
Top Destination (2021)Germany$3.94B

In 2021 Precious Metal Scraps were the world's 163rd most traded product (out of 1,217).

In 2021, the top exporters of Precious Metal Scraps were United States ($7.92B), Germany ($1.67B), United Kingdom ($1.57B), Canada ($1.28B), and Indonesia ($1.22B).

In 2021, the top importers of Precious Metal Scraps were Germany ($3.94B), United Kingdom ($3.6B), Japan ($3.59B), Canada ($3.16B), and Italy ($2.46B).

Explore Visualizations

Exporters of Precious Metal Scraps (2021)
[Click to Select a Country]

Importers of Precious Metal Scraps (2021)
[Click to Select a Country]

Market Dynamics

Color
Top Origin Growth (2020 -  2021)United States$1.5B
Top Destination Growth (2020 -  2021)Japan$1.27B

Between 2020 and 2021, the exports of Precious Metal Scraps grew the fastest in United States ($1.5B), Hong Kong ($386M), Czechia ($371M), Chinese Taipei ($265M), and Belgium ($252M).

Between 2020 and 2021, the fastest growing importers of Precious Metal Scraps were Japan ($1.27B), United Kingdom ($1.1B), Italy ($405M), Canada ($341M), and Germany ($312M).

Explore Visualizations

Exporters of Precious Metal Scraps (2020 - 2021)

Importers of Precious Metal Scraps (2020 - 2021)

Market Concentration

Value

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

In 2021, market concentration measured using Shannon Entropy, was 4.58. This means that most of the exports of Precious Metal Scraps are explained by 23 countries.

Explore Visualizations

Value of Exports in Precious Metal Scraps

Net Trade

TOP NET EXPORTER (2021)United States$5.79B
TOP NET IMPORTER (2021)Japan$3.21B

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 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Precious Metal Scraps were United States ($5.79B), Indonesia ($1.21B), Singapore ($726M), France ($559M), and Poland ($540M).

In 2021, the countries that had a largest trade value in imports than in exports of Precious Metal Scraps were Japan ($3.21B), Germany ($2.28B), Italy ($2.12B), United Kingdom ($2.03B), and Canada ($1.89B).

Net Trade (2021)

Disaggregation

Value

In 2021, the world most traded Precious Metal Scraps, disaggragated by their HS6 level were Waste/scrap, precious metals except pure gold/platinu ($19.4B), Waste or scrap containing gold as... ($7.88B), and Waste/scrap containing platinum as sole precious... ($509k)

HS6 Disaggregation for Precious Metal Scraps (2021)
[Click to Select]

Country Comparison

Flow
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

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 (2021)

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 (2021)

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with