HS Icon Precious Metal Scraps

7112 (Harmonized System 1992 for 4-digit)

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 metals, gems and jewelry. 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.

The countries with the highest import tariffs for Precious Metal Scraps are Angola (50%), Bahamas (40.2%), Ethiopia (34.7%), and Cameroon (29.4%). The countries with the lowest tariffs are Mauritius (0%), Armenia (0%), Hong Kong (0%), Japan (0%), and Kazakhstan (0%).

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.

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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.

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Historical Data

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Exporters and Importers

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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).

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Market Dynamics

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Trade by country

Value

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).

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Market Concentration

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Cumulative market share

Value

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.

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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).

Disaggregation

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Value

In 2019, 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)

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.

Import Tariffs

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In 2018, the average tariff for importing Precious Metal Scraps was 4.63%. The countries with the highest tariffs for importing Precious Metal Scraps were Angola (50%), Bahamas (40.2%), Ethiopia (34.7%), and Cameroon (29.4%).

Product Complexity

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Diversification Frontier

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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.

Country by Relatedness

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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.