Overview This page contains the latest trade data of Metals. In 2019, Metals were the world's 5th most traded product, with a total trade of $1.24T. Between 2018 and 2019 the exports of Metals decreased by -8.58%, from $1.36T to $1.24T. Trade in Metals represent 6.85% of total world trade.

Exports In 2019 the top exporters of Metals  were China ($187B), Germany ($106B), United States ($68.1B), Japan ($55.8B), and Italy ($48.9B).

Imports In 2019 the top importers of Metals were United States ($128B), Germany ($95.6B), China ($85.5B), France ($45.2B), and Italy ($43.9B).

Tariffs In 2018 the average tariff for Metals was 6.56%, making it the 16th lowest tariff using the Section product classification.

The countries with the highest import tariffs for Metals are Bahamas (36.9%), Bermuda (24.7%), Sudan (22.7%), Iran (17.4%), and Chad (16.3%). The countries with the lowest tariffs are Hong Kong (0%), Singapore (0%), Switzerland (0%), Norway (0%), and Mauritius (0.41%).

Ranking Metals ranks 13th in the Product Complexity Index (PCI).

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): China, $187B

Top Destination (2019): United States, $128B

Metals are the world's 5th most traded product.

In 2019, the top exporters of Metals were China ($187B), Germany ($106B), United States ($68.1B), Japan ($55.8B), and Italy ($48.9B).

In 2019, the top importers of Metals were United States ($128B), Germany ($95.6B), China ($85.5B), France ($45.2B), and Italy ($43.9B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Nigeria, $1.99B

Top Destination Growth (2018 - 2019): Ghana, $1.89B

Between 2018 and 2019, the exports of Metals grew the fastest in Nigeria ($1.99B), Indonesia ($919M), Vietnam ($278M), Guyana ($99.7M), and Republic of the Congo ($99.7M).

Between 2018 and 2019, the fastest growing importers of Metals were Ghana ($1.89B), Russia ($1.37B), Saudi Arabia ($926M), Cambodia ($706M), and Kazakhstan ($468M).

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Market Concentration

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Cumulative market share

Value

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

In 2019,  market concentration measured using Shannon Entropy, was 5.28. This means that most of the exports of Metals are explained by 38 countries.

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TOP NET EXPORTER (2019): China, $102B

TOP NET IMPORTER (2019): United States, $60B

This map shows which countries export or import more of Metals. Each country is colored based on the difference in exports and imports of Metals during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Metals were China ($102B), Russia ($26.8B), Japan ($21B), Chile ($12.2B), and South Korea ($11.2B).

In 2019, the countries that had a largest trade value in imports than in exports of Metals were United States ($60B), Mexico ($16.4B), Thailand ($14.1B), Vietnam ($12.3B), and France ($9.59B).

Disaggregation

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Value
Disaggregation

In 2019, the world most traded Metals, disaggragated by their HS6 level were Copper cathodes and sections of cathodes... ($56.4B), Articles of iron or steel, nes ($45.3B), Structures and parts of structures, iron... ($36.7B), Aluminium unwrought, alloyed ($27.7B), and Aluminium alloy rectangular plate/sheet/strip,t >0.2m ($27.2B)

Import Tariffs

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In 2018, the average tariff for importing Metals was 6.56%. The countries with the highest tariffs for importing Metals were Bahamas (36.9%), Bermuda (24.7%), Sudan (22.7%), Iran (17.4%), and Chad (16.3%).

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.