HS Icon Precious Metal Compounds

2843 (Harmonized System 1992 for 4-digit)

World Trade (2018): $5.88B, Rnk 460 / 1225

Top Exporter (2018): $1.86B, Germany

Top Importer (2018): $716M, Germany

Product Complexity (2018): 0.61, Rnk 329 / 1018

Export Growth (CAGR)(2017 - 2018): 38%, Rnk 115 / 1225

Mean Tariff (2018): 3.28%, Rnk 1109 / 1259

Share of World Trade (2018): 0.032%, Rnk 460 / 1225

Overview:  This page contains the latest trade data of Precious Metal Compounds. In 2018, Precious Metal Compounds were the world's 460th most traded product, with a total trade of $5.88B. Between 2017 and 2018 the exports of Precious Metal Compounds grew by 38%, from  $4.26B to $5.88B. Trade in Precious Metal Compounds represent 0.032% of total world trade.

Exports: In 2018 the top exporters of Precious Metal Compounds  were Germany ($1.86B), United States ($828M), Japan ($536M), United Kingdom ($496M), and Italy ($451M).

Imports: In 2018 the top importers of Precious Metal Compounds were Germany ($716M), France ($455M), Mexico ($439M), South Africa ($328M), and Thailand ($323M).

Tariffs: In 2018 the average tariff for Precious Metal Compounds was 3.28%, been the 1109 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Precious Metal Compounds are Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Algeria (12.2%), and Aruba (12%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Precious Metal Compounds ranks 329th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $1.86B

Top Destination (2018): Germany, $716M

Precious Metal Compounds are the world's 460th most traded product.

In 2018, the top exporters of Precious Metal Compounds were Germany ($1.86B), United States ($828M), Japan ($536M), United Kingdom ($496M), and Italy ($451M).

In 2018, the top importers of Precious Metal Compounds were Germany ($716M), France ($455M), Mexico ($439M), South Africa ($328M), and Thailand ($323M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $948M

Top Destination Growth (2017 - 2018): South Africa, $254M

Between 2017 and 2018, the exports of Precious Metal Compounds grew the fastest in Germany ($948M), United Kingdom ($204M), United States ($143M), Belgium-Luxembourg ($131M), and Japan ($84.8M).

Between 2017 and 2018, the fastest growing importers of Precious Metal Compounds were South Africa ($254M), Sweden ($219M), Poland ($151M), Mexico ($136M), and Spain ($135M).

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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 Compounds.

In 2018,  market concentration measured using Shannon Entropy, was 3.47. This means that most of the exports of Precious Metal Compounds are explained by 11 countries.

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TOP NET EXPORTER (2018): Germany, $1.15B

TOP NET IMPORTER (2018): France, $426M

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

In 2018, the countries that had a largest trade value in exports than in imports of Precious Metal Compounds were Germany ($1.15B), United States ($729M), Japan ($474M), Italy ($375M), and United Kingdom ($288M).

In 2018, the countries that had a largest trade value in imports than in exports of Precious Metal Compounds were France ($426M), Mexico ($422M), Thailand ($318M), South Africa ($299M), and Sweden ($245M).

Trade Forecasts

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This section shows forecasts for total trade for Precious Metal Compounds. 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 Compounds was 3.28%.  The countries with the highest tariffs for importing Precious Metal Compounds were Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Algeria (12.2%), and Aruba (12%).

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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.