Overview: This page contains the latest trade data of Precious Metal Ore. In 2019, Precious Metal Ore were the world's 400th most traded product, with a total trade of $7.25B. Between 2018 and 2019 the exports of Precious Metal Ore grew by 17.5%, from $6.17B to $7.25B. Trade in Precious Metal Ore represent 0.04% of total world trade.
Exports: In 2019 the top exporters of Precious Metal Ore were Australia ($912M), Russia ($891M), Peru ($641M), Bulgaria ($615M), and Kazakhstan ($595M).
Imports: In 2019 the top importers of Precious Metal Ore were China ($2.65B), Germany ($1.56B), South Korea ($456M), Japan ($365M), and Kazakhstan ($362M).
Tariffs: In 2018 the average tariff for Precious Metal Ore was 2.22%, making it the 1212th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Precious Metal Ore are Bahamas (40.2%), Bermuda (25%), Aruba (12%), Angola (10%), and Nepal (9.89%). The countries with the lowest tariffs are Kenya (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Uganda (0%).
Ranking: Precious Metal Ore ranks 925th in the Product Complexity Index (PCI).
Description: Precious-metal ores are used to extract precious metals from the ore. The metals are then refined and prepared for use in jewelry, electronics, and other products.