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 14th 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%), Gabon (29.4%), and Chad (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).