HS Icon Other Precious Metal Products

7115 (Harmonized System 1992 for 4-digit)

World Trade (2018): $3.41B, Rnk 595 / 1225

Top Exporter (2018): $510M, Germany

Top Importer (2018): $730M, United States

Product Complexity (2018): 0.19, Rnk 468 / 1018

Export Growth (CAGR)(2017 - 2018): 84%, Rnk 22 / 1225

Mean Tariff (2018): 9.51%, Rnk 452 / 1259

Share of World Trade (2018): 0.019%, Rnk 595 / 1225

Overview: In 2018, Other Precious Metal Products were the world's 595th most traded product, with a total trade of $3.41B. Between 2017 and 2018 the exports of Other Precious Metal Products grew by 84%, from  $1.85B to $3.41B. Trade in Other Precious Metal Products represent 0.019% of total world trade.

Exports: In 2018 the top exporters of Other Precious Metal Products  were Germany ($510M), China ($424M), Canada ($422M), United States ($413M), and Japan ($331M).

Imports: In 2018 the top importers of Other Precious Metal Products were United States ($730M), Hong Kong ($416M), Malaysia ($244M), Germany ($233M), and Thailand ($197M).

Tariffs: In 2018 the average tariff for Other Precious Metal Products was 9.51%, been the 452 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Precious Metal Products are Angola (50%), Bahamas (40.2%), Sudan (35%), Papua New Guinea (29.7%), and Cuba (29.6%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Sri Lanka (0%), and Singapore (0%).

Ranking: Other Precious Metal Products ranks 468th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $510M

Top Destination (2018): United States, $730M

Other Precious Metal Products are the world's 595th most traded product.

In 2018, the top exporters of Other Precious Metal Products were Germany ($510M), China ($424M), Canada ($422M), United States ($413M), and Japan ($331M).

In 2018, the top importers of Other Precious Metal Products were United States ($730M), Hong Kong ($416M), Malaysia ($244M), Germany ($233M), and Thailand ($197M).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Canada, $405M

Top Destination Growth (2017 - 2018): United States, $714M

Between 2017 and 2018, the exports of Other Precious Metal Products grew the fastest in Canada ($405M), China ($398M), Germany ($172M), Singapore ($142M), and Poland ($74.2M).

Between 2017 and 2018, the fastest growing importers of Other Precious Metal Products were United States ($714M), Hong Kong ($340M), Singapore ($168M), Germany ($127M), and Thailand ($73.6M).

Market Concentration

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Cumulative market share

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

In 2018,  market concentration measured using Shannon Entropy, was 4.03. This means that most of the exports of Other Precious Metal Products are explained by 16 countries.

TOP NET EXPORTER (2018): China, $308M

TOP NET IMPORTER (2018): Hong Kong, $370M

This map shows which countries export or import more of Other Precious Metal Products. Each country is colored based on the difference in exports and imports of Other Precious Metal Products during 2018.

In 2018, the countries that had a largest trade value in exports than imports of Other Precious Metal Products were China ($308M), Canada ($304M), Germany ($278M), Japan ($229M), and United Kingdom ($86.9M).

In 2018, the countries that had a largest trade value in imports than exports of Other Precious Metal Products were Hong Kong ($370M), United States ($316M), Thailand ($185M), Malaysia ($143M), and Mexico ($41.8M).

Trade Forecasts

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This section shows forecasts for total trade for Other Precious Metal Products. 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 Other Precious Metal Products was 9.51%.  The countries with the highest tariffs for importing Other Precious Metal Products were Angola (50%), Bahamas (40.2%), Sudan (35%), Papua New Guinea (29.7%), and Cuba (29.6%).

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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.