Precious Metal Scraps7112 (Harmonized System 1992 for 4-digit)
2020 World Trade: $26B, Rnk 137 / 1217
2020 Top Exporter | Top Importer: $6.39B | $3.61B, United States | Germany
2020 Product Complexity: -0.76, Rnk 765 / 1028
2019 - 2020 Export Growth (CAGR): 10.6%, Rnk 115 / 1217
2018 Mean Tariff: 4.63%, Rnk 894 / 1259
2020 Share of World Trade: 0.16%, Rnk 137 / 1217
Overview This page contains the latest trade data of Precious Metal Scraps. In 2020, Precious Metal Scraps were the world's 137th most traded product, with a total trade of $26B. Between 2019 and 2020 the exports of Precious Metal Scraps grew by 10.6%, from $23.6B to $26B. Trade in Precious Metal Scraps represent 0.16% of total world trade.
Precious Metal Scraps are a part of Precious stones, metals, & pearls. They include Waste or scrap containing gold as sole precious metal, Waste/scrap, precious metals except pure gold/platinu, and Waste/scrap containing platinum as sole precious meta.
Exports In 2020 the top exporters of Precious Metal Scraps were United States ($6.39B), Vietnam ($2.36B), United Kingdom ($1.68B), Germany ($1.42B), and Indonesia ($1.22B).
Imports In 2020 the top importers of Precious Metal Scraps were Germany ($3.61B), Hong Kong ($3.28B), Canada ($2.82B), United Kingdom ($2.51B), and Japan ($2.32B).
Tariffs In 2018 the average tariff for Precious Metal Scraps was 4.63%, making it the 894th lowest tariff using the HS4 product classification.
Ranking Precious Metal Scraps ranks 765th 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.
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.
Trade By Country
Top Origin (2020): United States, $6.39B
Top Destination (2020): Germany, $3.61B
Precious Metal Scraps are the world's 137th most traded product.
In 2020, the top exporters of Precious Metal Scraps were United States ($6.39B), Vietnam ($2.36B), United Kingdom ($1.68B), Germany ($1.42B), and Indonesia ($1.22B).
In 2020, the top importers of Precious Metal Scraps were Germany ($3.61B), Hong Kong ($3.28B), Canada ($2.82B), United Kingdom ($2.51B), and Japan ($2.32B).
Trade by country
Top Origin Growth (2019 - 2020): Vietnam, $2.3B
Top Destination Growth (2019 - 2020): Hong Kong, $2.51B
Between 2019 and 2020, the exports of Precious Metal Scraps grew the fastest in Vietnam ($2.3B), United States ($1.9B), United Kingdom ($511M), Germany ($365M), and Philippines ($209M).
Between 2019 and 2020, the fastest growing importers of Precious Metal Scraps were Hong Kong ($2.51B), Canada ($1.09B), United Kingdom ($792M), United States ($773M), and Germany ($622M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Precious Metal Scraps.
In 2020, market concentration measured using Shannon Entropy, was 4.66. This means that most of the exports of Precious Metal Scraps are explained by 25 countries.
TOP NET EXPORTER (2020): United States, $4.19B
TOP NET IMPORTER (2020): Hong Kong, $2.58B
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 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Precious Metal Scraps were United States ($4.19B), Vietnam ($2.35B), Indonesia ($1.22B), France ($517M), and Poland ($415M).
In 2020, the countries that had a largest trade value in imports than in exports of Precious Metal Scraps were Hong Kong ($2.58B), Germany ($2.19B), Japan ($1.92B), Canada ($1.68B), and Italy ($1.68B).
In 2020, the world most traded Precious Metal Scraps, disaggragated by their HS6 level were Waste/scrap, precious metals except pure gold/platinu ($15B), Waste or scrap containing gold as... ($10.8B), and Waste/scrap containing platinum as sole precious... ($267M)
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.
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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