HS Icon Precious Metal Scraps

7112 (Harmonized System 1992 for 4-digit)

World Trade (2018): $18B, Rnk 204 / 1225

Top Exporter (2018): $3.62B, United States

Top Importer (2018): $2.71B, Germany

Product Complexity (2018): -0.52, Rnk 702 / 1018

Export Growth (CAGR)(2017 - 2018): 0.42%, Rnk 1079 / 1225

Mean Tariff (2018): 4.58%, Rnk 892 / 1259

Share of World Trade (2018): 0.098%, Rnk 204 / 1225

Overview:  This page contains the latest trade data of Precious Metal Scraps. In 2018, Precious Metal Scraps were the world's 204th most traded product, with a total trade of $18B. Between 2017 and 2018 the exports of Precious Metal Scraps grew by 0.42%, from  $18B to $18B. Trade in Precious Metal Scraps represent 0.098% of total world trade.

Exports: In 2018 the top exporters of Precious Metal Scraps  were United States ($3.62B), Indonesia ($2.59B), Japan ($1.03B), Belgium-Luxembourg ($952M), and United Kingdom ($862M).

Imports: In 2018 the top importers of Precious Metal Scraps were Germany ($2.71B), Japan ($2.33B), Switzerland ($1.35B), United Kingdom ($1.35B), and Italy ($1.31B).

Tariffs: In 2018 the average tariff for Precious Metal Scraps was 4.58%, been the 892 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%), Cameroon (29.4%), and Gabon (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 702nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $3.62B

Top Destination (2018): Germany, $2.71B

Precious Metal Scraps are the world's 204th most traded product.

In 2018, the top exporters of Precious Metal Scraps were United States ($3.62B), Indonesia ($2.59B), Japan ($1.03B), Belgium-Luxembourg ($952M), and United Kingdom ($862M).

In 2018, the top importers of Precious Metal Scraps were Germany ($2.71B), Japan ($2.33B), Switzerland ($1.35B), United Kingdom ($1.35B), and Italy ($1.31B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $1.69B

Top Destination Growth (2017 - 2018): Belgium-Luxembourg, $755M

Between 2017 and 2018, the exports of Precious Metal Scraps grew the fastest in United States ($1.69B), South Africa ($388M), Hong Kong ($363M), Belgium-Luxembourg ($258M), and Indonesia ($102M).

Between 2017 and 2018, the fastest growing importers of Precious Metal Scraps were Belgium-Luxembourg ($755M), Canada ($568M), Germany ($381M), Japan ($367M), and United Arab Emirates ($227M).

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Market Concentration

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Cumulative market share

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

In 2018,  market concentration measured using Shannon Entropy, was 4.6. This means that most of the exports of Precious Metal Scraps are explained by 24 countries.

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TOP NET EXPORTER (2018): United States, $2.73B

TOP NET IMPORTER (2018): Germany, $2.14B

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 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Precious Metal Scraps were United States ($2.73B), Indonesia ($2.59B), South Africa ($822M), Bulgaria ($414M), and France ($368M).

In 2018, the countries that had a largest trade value in imports than in exports of Precious Metal Scraps were Germany ($2.14B), Japan ($1.3B), Italy ($1.07B), Switzerland ($1.05B), and United Arab Emirates ($1.02B).

Trade Forecasts

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This section shows forecasts for total trade for Precious Metal Scraps. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Precious Metal Scraps was 4.58%.  The countries with the highest tariffs for importing Precious Metal Scraps were Angola (50%), Bahamas (40.2%), Ethiopia (34.7%), Cameroon (29.4%), and Gabon (29.4%).

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Product Complexity

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Diversification Frontier

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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.