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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)

2022
World Trade $25.5BRnk 181 / 1218
2022
Top Exporter | Top Importer $5.75B | $3.7BUnited States | Germany
2022
Product Complexity -0.8Rnk 791 / 1033
2021 - 2022
Export Growth (CAGR) -7.18%Rnk 1061 / 1218
2022
Share of World Trade 0.11%Rnk 181 / 1218

About

Overview This page contains the latest trade data of Precious Metal Scraps. In 2022, Precious Metal Scraps were the world's 181st most traded product, with a total trade of $25.5B. Between 2021 and 2022 the exports of Precious Metal Scraps decreased by -7.18%, from $27.5B to $25.5B. Trade in Precious Metal Scraps represent 0.11% 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 2022 the top exporters of Precious Metal Scraps  were United States ($5.75B), Indonesia ($2.6B), United Kingdom ($1.45B), Canada ($1.15B), and Germany ($1.13B).

Imports In 2022 the top importers of Precious Metal Scraps were Germany ($3.7B), Canada ($3.02B), Japan ($2.87B), United Kingdom ($2.29B), and Italy ($2.21B).

Ranking Precious Metal Scraps ranks 791st 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 (2022)United States$5.75B
Top Destination (2022)Germany$3.7B

In 2022 Precious Metal Scraps were the world's 181st most traded product (out of 1,218).

In 2022, the top exporters of Precious Metal Scraps were United States ($5.75B), Indonesia ($2.6B), United Kingdom ($1.45B), Canada ($1.15B), and Germany ($1.13B).

In 2022, the top importers of Precious Metal Scraps were Germany ($3.7B), Canada ($3.02B), Japan ($2.87B), United Kingdom ($2.29B), and Italy ($2.21B).

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Exporters of Precious Metal Scraps (2022)
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Importers of Precious Metal Scraps (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Indonesia$1.38B
Top Destination Growth (2021 -  2022)Switzerland$1.4B

Between 2021 and 2022, the exports of Precious Metal Scraps grew the fastest in Indonesia ($1.38B), Saudi Arabia ($468M), France ($450M), Japan ($270M), and Australia ($192M).

Between 2021 and 2022, the fastest growing importers of Precious Metal Scraps were Switzerland ($1.4B), Spain ($776M), Malaysia ($212M), Hong Kong ($143M), and India ($126M).

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Exporters of Precious Metal Scraps (2021 - 2022)

Importers of Precious Metal Scraps (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 4.67. This means that most of the exports of Precious Metal Scraps are explained by 25 countries.

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Value of Exports in Precious Metal Scraps

Net Trade

TOP NET EXPORTER (2022)United States$4.11B
TOP NET IMPORTER (2022)Germany$2.57B

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Precious Metal Scraps were United States ($4.11B), Indonesia ($2.59B), France ($1.02B), Philippines ($680M), and Singapore ($656M).

In 2022, the countries that had a largest trade value in imports than in exports of Precious Metal Scraps were Germany ($2.57B), Japan ($2.21B), Canada ($1.87B), Italy ($1.84B), and Switzerland ($1.65B).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Precious Metal Scraps, disaggragated by their HS6 level were Waste/scrap, precious metals except pure gold/platinu ($15.6B), Waste or scrap containing gold as... ($9.91B), and Waste/scrap containing platinum as sole precious... ($56)

HS6 Disaggregation for Precious Metal Scraps (2022)
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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.

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 (2022)

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 (2022)

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