Overview This page contains the latest trade data of Precious Metals. In 2019, Precious Metals were the world's 9th most traded product, with a total trade of $654B. Between 2018 and 2019 the exports of Precious Metals grew by 4.17%, from $628B to $654B. Trade in Precious Metals represent 3.61% of total world trade.

Exports In 2019 the top exporters of Precious Metals  were Switzerland ($76B), United States ($46.6B), United Arab Emirates ($44.8B), United Kingdom ($39.7B), and India ($38.9B).

Imports In 2019 the top importers of Precious Metals were Switzerland ($90.6B), United Kingdom ($83.6B), India ($60.8B), United Arab Emirates ($58.5B), and Hong Kong ($58.3B).

Tariffs In 2018 the average tariff for Precious Metals was 7.62%, making it the 13th lowest tariff using the Section product classification.

The countries with the highest import tariffs for Precious Metals are Angola (45.8%), Ethiopia (32.1%), Cameroon (29.4%), and Gabon (29.4%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Sri Lanka (0%), Singapore (0%), and Switzerland (0%).

Ranking Precious Metals ranks 20th 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): Switzerland, $76B

Top Destination (2019): Switzerland, $90.6B

Precious Metals are the world's 9th most traded product.

In 2019, the top exporters of Precious Metals were Switzerland ($76B), United States ($46.6B), United Arab Emirates ($44.8B), United Kingdom ($39.7B), and India ($38.9B).

In 2019, the top importers of Precious Metals were Switzerland ($90.6B), United Kingdom ($83.6B), India ($60.8B), United Arab Emirates ($58.5B), and Hong Kong ($58.3B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Australia, $9.15B

Top Destination Growth (2018 - 2019): United Kingdom, $40.5B

Between 2018 and 2019, the exports of Precious Metals grew the fastest in Australia ($9.15B), Russia ($6.4B), United Arab Emirates ($5.17B), Cambodia ($3.73B), and Germany ($3.17B).

Between 2018 and 2019, the fastest growing importers of Precious Metals were United Kingdom ($40.5B), United Arab Emirates ($4.94B), Germany ($1.96B), Italy ($1.75B), and Azerbaijan ($1.57B).

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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 Precious Metals.

In 2019,  market concentration measured using Shannon Entropy, was 5.21. This means that most of the exports of Precious Metals are explained by 37 countries.

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TOP NET EXPORTER (2019): South Africa, $26.2B

TOP NET IMPORTER (2019): United Kingdom, $43.9B

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

In 2019, the countries that had a largest trade value in exports than in imports of Precious Metals were South Africa ($26.2B), Australia ($20.6B), Russia ($16.9B), Ghana ($10.8B), and Canada ($10.1B).

In 2019, the countries that had a largest trade value in imports than in exports of Precious Metals were United Kingdom ($43.9B), China ($33.7B), Hong Kong ($28.4B), India ($21.9B), and Switzerland ($14.6B).

Disaggregation

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Value
Disaggregation

In 2019, the world most traded Precious Metals, disaggragated by their HS6 level were Gold in unwrought forms non-monetary ($253B), Jewellery and parts of precious metal... ($94.3B), Gold, semi-manufactured forms, non-monetary ($87.7B), Diamonds (jewellery) worked but not mounted... ($67.6B), and Diamonds (jewellery) unworked or simply sawn,... ($32.5B)

Import Tariffs

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In 2018, the average tariff for importing Precious Metals was 7.62%. The countries with the highest tariffs for importing Precious Metals were Angola (45.8%), Ethiopia (32.1%), Cameroon (29.4%), and Gabon (29.4%).

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.