HS Icon Articles of, or clad with, precious metal nes

711590 (Harmonized System 1992 for 6-digit)

Overview:  This page contains the latest trade data of Articles of, or clad with, precious metal nes. In 2019, Articles of, or clad with, precious metal nes were the world's 1084th most traded product, with a total trade of $2.7B. Between 2018 and 2019 the exports of Articles of, or clad with, precious metal nes decreased by -0.99%, from $2.72B to $2.7B. Trade in Articles of, or clad with, precious metal nes represent 0.015% of total world trade.

Exports: In 2019 the top exporters of Articles of, or clad with, precious metal nes  were Canada ($589M), United States ($425M), Japan ($343M), China ($293M), and Germany ($255M).

Imports: In 2019 the top importers of Articles of, or clad with, precious metal nes were United States ($740M), Hong Kong ($418M), Malaysia ($200M), Singapore ($178M), and Germany ($141M).

Tariffs: In 2018 the average tariff for Articles of, or clad with, precious metal nes was 10.5%, making it the 2140th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Articles of, or clad with, precious metal nes are Angola (50%), Bahamas (40.2%), Syria (36.8%), Sudan (35%), and Papua New Guinea (29.7%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Sri Lanka (0%), and Singapore (0%).

Ranking: Articles of, or clad with, precious metal nes ranks 1892nd in the Product Complexity Index (PCI).

Description: A common use of articles of, or clad with, precious metal is in jewelry. Items such as rings, necklaces, bracelets, and earrings are often made of gold or silver and are sometimes encrusted with gems or other precious stones.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Canada, $589M

Top Destination (2019): United States, $740M

Articles of, or clad with, precious metal nes are the world's 1084th most traded product.

In 2019, the top exporters of Articles of, or clad with, precious metal nes were Canada ($589M), United States ($425M), Japan ($343M), China ($293M), and Germany ($255M).

In 2019, the top importers of Articles of, or clad with, precious metal nes were United States ($740M), Hong Kong ($418M), Malaysia ($200M), Singapore ($178M), and Germany ($141M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Canada, $168M

Top Destination Growth (2018 - 2019): Germany, $31.6M

Between 2018 and 2019, the exports of Articles of, or clad with, precious metal nes grew the fastest in Canada ($168M), Germany ($64M), United States ($26.6M), Brazil ($11.7M), and Japan ($10.6M).

Between 2018 and 2019, the fastest growing importers of Articles of, or clad with, precious metal nes were Germany ($31.6M), France ($23.4M), South Korea ($20.2M), United States ($18.8M), and Singapore ($14.2M).

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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 Articles of, or clad with, precious metal nes.

In 2019,  market concentration measured using Shannon Entropy, was 3.67. This means that most of the exports of Articles of, or clad with, precious metal nes are explained by 12 countries.

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TOP NET EXPORTER (2019): Canada, $496M

TOP NET IMPORTER (2019): Hong Kong, $412M

This map shows which countries export or import more of Articles of, or clad with, precious metal nes. Each country is colored based on the difference in exports and imports of Articles of, or clad with, precious metal nes during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Articles of, or clad with, precious metal nes were Canada ($496M), Japan ($277M), China ($184M), Germany ($114M), and Russia ($65.9M).

In 2019, the countries that had a largest trade value in imports than in exports of Articles of, or clad with, precious metal nes were Hong Kong ($412M), United States ($315M), Malaysia ($108M), Thailand ($92.7M), and Singapore ($63.2M).

Import Tariffs

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In 2018, the average tariff for importing Articles of, or clad with, precious metal nes was 10.5%. The countries with the highest tariffs for importing Articles of, or clad with, precious metal nes were Angola (50%), Bahamas (40.2%), Syria (36.8%), Sudan (35%), and Papua New Guinea (29.7%).

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.