HS Icon Precious Metal Scraps

7112 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $23.4B, Rnk 164 / 1217

2019
Top Exporter | Top Importer
: $4.48B | $2.92B, United States | Germany

2019
Product Complexity
: -0.46, Rnk 653 / 961

2018 - 2019
Export Growth (CAGR)
: 29.4%, Rnk 18 / 1217

2018
Mean Tariff
: 4.58%, Rnk 892 / 1259

 2019
Share of World Trade
: 0.13%, Rnk 164 / 1217

Overview:  This page contains the latest trade data of Precious Metal Scraps. In 2019, Precious Metal Scraps were the world's 164th most traded product, with a total trade of $23.4B. Between 2018 and 2019 the exports of Precious Metal Scraps grew by 29.4%, from  $18.1B to $23.4B. Trade in Precious Metal Scraps represent 0.13% of total world trade.

Exports: In 2019 the top exporters of Precious Metal Scraps  were United States ($4.48B), Cambodia ($2.43B), Indonesia ($1.98B), Hong Kong ($1.25B), and United Kingdom ($1.16B).

Imports: In 2019 the top importers of Precious Metal Scraps were Germany ($2.92B), Singapore ($2.61B), Japan ($1.98B), Canada ($1.73B), and Switzerland ($1.71B).

Tariffs: In 2018 the average tariff for Precious Metal Scraps was 4.58%, making it the 892nd lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Precious Metal Scraps are Angola (50%), Bahamas (40.2%), Ethiopia (34.7%), Cameroon (29.4%), and Gabon (29.4%). The countries with the lowest tariffs are Mauritius (0%), Armenia (0%), Hong Kong (0%), Japan (0%), and Kazakhstan (0%).

Ranking: Precious Metal Scraps ranks 653rd in the Product Complexity Index (PCI).

Description: Waste and scrap of precious metal or of metal clad with precious metal are used in the production of other goods. They can be made from a variety of materials, including copper, silver, gold, platinum, and palladium.

Exporters and Importers

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Trade By Country

Top Origin (2019): United States, $4.48B

Top Destination (2019): Germany, $2.92B

Precious Metal Scraps are the world's 164th most traded product.

In 2019, the top exporters of Precious Metal Scraps were United States ($4.48B), Cambodia ($2.43B), Indonesia ($1.98B), Hong Kong ($1.25B), and United Kingdom ($1.16B).

In 2019, the top importers of Precious Metal Scraps were Germany ($2.92B), Singapore ($2.61B), Japan ($1.98B), Canada ($1.73B), and Switzerland ($1.71B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Cambodia, $2.41B

Top Destination Growth (2018 - 2019): Singapore, $1.78B

Between 2018 and 2019, the exports of Precious Metal Scraps grew the fastest in Cambodia ($2.41B), United States ($864M), Thailand ($511M), Germany ($481M), and Hong Kong ($457M).

Between 2018 and 2019, the fastest growing importers of Precious Metal Scraps were Singapore ($1.78B), Thailand ($518M), United States ($497M), Canada ($430M), and Italy ($369M).

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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 Scraps.

In 2019,  market concentration measured using Shannon Entropy, was 4.65. This means that most of the exports of Precious Metal Scraps are explained by 25 countries.

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TOP NET EXPORTER (2019): United States, $3.09B

TOP NET IMPORTER (2019): Germany, $1.86B

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

In 2019, the countries that had a largest trade value in exports than in imports of Precious Metal Scraps were United States ($3.09B), Cambodia ($2.43B), Indonesia ($1.97B), South Africa ($650M), and Bulgaria ($505M).

In 2019, the countries that had a largest trade value in imports than in exports of Precious Metal Scraps were Germany ($1.86B), Singapore ($1.72B), Japan ($1.39B), Italy ($1.39B), and Switzerland ($1.34B).

Disaggregation

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Value

In 2019, the world most traded Precious Metal Scraps, disaggragated by their HS6 level were Waste/scrap, precious metals except pure gold/platinu ($11.9B), Waste or scrap containing gold as... ($11.4B), and Waste/scrap containing platinum as sole precious... ($102M)

Import Tariffs

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In 2018, the average tariff for importing Precious Metal Scraps was 4.58%.  The countries with the highest tariffs for importing Precious Metal Scraps were Angola (50%), Bahamas (40.2%), Ethiopia (34.7%), Cameroon (29.4%), and Gabon (29.4%).

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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.