2022
Exports
$543MWorld Rnk 7 / 121
Flag Rnk 52 / 1208
2022
PRODUCT COMPLEXITY IN Other Precious Metal Products
-0.036Rnk 559 / 1025
2022
Imports
$78.4MWorld Rnk 15 / 189
Flag Rnk 396 / 1206
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $543M in Other Precious Metal Products, making it the 7th largest exporter of Other Precious Metal Products in the world. At the same year, Other Precious Metal Products was the 52nd most exported product in Australia. The main destination of Other Precious Metal Products exports from Australia are: United States ($509M), United Kingdom ($12.4M), South Korea ($10.4M), Germany ($6.34M), and Norway ($2.41M).

The fastest growing export markets for Other Precious Metal Products of Australia between 2021 and 2022 were United States ($192M), Ireland ($167k), and Australia ($124k).

Imports In 2022, Australia imported $78.4M in Other Precious Metal Products, becoming the 15th largest importer of Other Precious Metal Products in the world. At the same year, Other Precious Metal Products was the 396th most imported product in Australia. Australia imports Other Precious Metal Products primarily from: United Kingdom ($35.3M), Germany ($27.3M), Thailand ($4.17M), Norway ($3.77M), and United States ($2.19M).

The fastest growing import markets in Other Precious Metal Products for Australia between 2021 and 2022 were United Kingdom ($4.42M), United Arab Emirates ($1.53M), and United States ($1.23M).

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Other Precious Metal Products. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$543M
IMPORTS (2022)$78.4M
NET TRADE (2022)$465M

In 2022, Australia exported $543M in Other Precious Metal Products. The main destinations of Australia exports on Other Precious Metal Products were United States ($509M), United Kingdom ($12.4M), South Korea ($10.4M), Germany ($6.34M), and Norway ($2.41M).

In 2022, Australia imported $78.4M in Other Precious Metal Products, mainly from United Kingdom ($35.3M), Germany ($27.3M), Thailand ($4.17M), Norway ($3.77M), and United States ($2.19M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Precious Metal Products EXPORT MARKETS FOR Australia WERE (2021 - 2022):
United States$192M (60.7%)
Ireland$167k (886%)
Australia$124k (78.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Precious Metal Products BY Australia WERE (2021 - 2022):
South Korea-$20.8M (-66.7%)
Germany-$9.83M (-60.8%)
United Kingdom-$7.65M (-38.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Other Precious Metal Products were:
In 2022, Australia's main importing competitors in Other Precious Metal Products were:

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Trade Value of Other Precious Metal Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSouth Korea+ $5.69M
TOP IMPORT POTENTIALUnited States+ $2.55M

Other Precious Metal Products’s highest export potential is South Korea. With an export gap of $5.69M.   Other Precious Metal Products’s highest import potential is United States with an import gap of $2.55M.

See methodology.

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