Overview This page contains the latest trade data of Precious Metals. In 2021, Precious Metals were the world's 8th most traded product, with a total trade of $830B. Between 2020 and 2021 the exports of Precious Metals grew by 18%, from $704B to $830B. Trade in Precious Metals represent 3.95% of total world trade.

Precious Metals include Gold, Diamonds, Jewellery, Platinum, Silver, Precious Metal Scraps, Precious Stones, Imitation Jewellery, Other Precious Metal Products, and Metal-Clad Products, among others.

Exports In 2021 the top exporters of Precious Metals  were Switzerland ($104B), United States ($69.8B), United Arab Emirates ($55.4B), South Africa ($52.4B), and United Kingdom ($50.6B).

Imports In 2021 the top importers of Precious Metals were Switzerland ($102B), India ($89.6B), United States ($84.3B), United Kingdom ($82.2B), and Hong Kong ($75.1B).

Tariffs In 2018 the average tariff for Precious Metals was 7.62%, making it the 13th lowest tariff using the Section product classification.

Ranking Precious Metals ranks 20th in the Product Complexity Index (PCI).

View
Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Precious Metals. 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

Historical Data

#permalink to section

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2021): Switzerland, $104B

Top Destination (2021): Switzerland, $102B

Precious Metals are the world's 8th most traded product.

In 2021, the top exporters of Precious Metals were Switzerland ($104B), United States ($69.8B), United Arab Emirates ($55.4B), South Africa ($52.4B), and United Kingdom ($50.6B).

In 2021, the top importers of Precious Metals were Switzerland ($102B), India ($89.6B), United States ($84.3B), United Kingdom ($82.2B), and Hong Kong ($75.1B).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Color

Top Origin Growth (2020 -  2021): Switzerland, $22.5B

Top Destination Growth (2020 -  2021): India, $48.7B

Between 2020 and 2021, the exports of Precious Metals grew the fastest in Switzerland ($22.5B), United States ($22.1B), South Africa ($20.7B), United Kingdom ($16.3B), and India ($14.6B).

Between 2020 and 2021, the fastest growing importers of Precious Metals were India ($48.7B), China ($32B), United Arab Emirates ($16.2B), Hong Kong ($15.2B), and Cambodia ($9.47B).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Precious Metals.

In 2021, market concentration measured using Shannon Entropy, was 5.14. This means that most of the exports of Precious Metals are explained by 35 countries.

Explore Visualizations

TOP NET EXPORTER (2021): South Africa, $49.5B

TOP NET IMPORTER (2021): India, $49B

This map shows which countries export or import more of Precious Metals. Each country is colored based on the difference in exports and imports of Precious Metals during 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Precious Metals were South Africa ($49.5B), Russia ($36.1B), Australia ($11.2B), Mali ($9.01B), and Peru ($8.06B).

In 2021, the countries that had a largest trade value in imports than in exports of Precious Metals were India ($49B), Hong Kong ($43.6B), United Kingdom ($31.6B), China ($27.3B), and United Arab Emirates ($15.2B).

Disaggregation

#permalink to section
Value
Disaggregation

In 2021, the world most traded Precious Metals, disaggragated by their HS6 level were Gold ($434B), Diamonds ($114B), Jewellery ($93.5B), Platinum ($90.5B), and Silver ($37.3B)

Country Comparison

#permalink to section
Flow
Measure
Ranking

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

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
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.