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2023
Exports $1.01BWorld Rnk 3 / 114
Flag Rnk 251 / 1217
2023
Destination $21.4M Singapore
2022 - 2023
FASTEST GROWING MARKET $21.4MSouth Korea
2023
PRODUCT COMPLEXITY IN Other Precious Metal Products0.045Rnk 542 / 1025
2023
Imports $5.21BWorld Rnk 1 / 185
Flag Rnk 109 / 1215
2023
Origin $477M South Africa
2022 - 2023
FASTEST GROWING ORIGIN $477MSouth Africa
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $1.01B in Other Precious Metal Products, making it the 3rd largest exporter of Other Precious Metal Products in the world. At the same year, Other Precious Metal Products was the 251st most exported product in United States. The main destination of Other Precious Metal Products exports from United States are: Singapore ($338M), Canada ($323M), South Korea ($120M), China ($55.8M), and Costa Rica ($37.4M).

The fastest growing export markets for Other Precious Metal Products of United States between 2022 and 2023 were South Korea ($21.4M), Costa Rica ($20.6M), and China ($17.7M).

Imports In 2023, United States imported $5.21B in Other Precious Metal Products, becoming the 1st largest importer of Other Precious Metal Products in the world. At the same year, Other Precious Metal Products was the 109th most imported product in United States. United States imports Other Precious Metal Products primarily from: South Africa ($1.37B), Canada ($1.3B), Australia ($668M), United Kingdom ($542M), and Turkey ($317M).

The fastest growing import markets in Other Precious Metal Products for United States between 2022 and 2023 were South Africa ($477M), Philippines ($64.2M), and Chile ($63.3M).

COMPANIES In 2023, leading companies such as At Home Procurement (1), Walmart (1), and Uttermost Furniture (1) were at the forefront of shipping Other Precious Metal Products to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Other Precious Metal Products exports accounted up to $82.5M and imports accounted up to $2.18B, resulting in a negative trade balance of $2.09B. Between November 2023 and November 2024 the exports of United States'   Other Precious Metal Products have decreased by $-28M (-25.3%) from $110M to $82.5M, while imports increased by $1.15B (112%) from $1.02B to $2.18B.

Destinations In November 2024, Other Precious Metal Products were exported mostly to Canada ($44M), Singapore ($11.9M), United Kingdom ($4.31M), United Arab Emirates ($4.17M), and China ($4.03M), and were imported mostly from Switzerland ($1.04B), Canada ($798M), Australia ($154M), South Africa ($70.6M), and United Kingdom ($20.7M).

Growth In November 2024, the decrease in Other Precious Metal Products's year-by-year exports was explained primarily by a decrease in exports to Singapore ($-29.3M or -43%), China ($-2.8M or -61.9%), and Switzerland ($-710k or -82.8%). In November 2024, the increase in Other Precious Metal Products's year-by-year imports was explained primarily by an increase in imports from Canada ($233M or 163%), South Korea ($27.9M or 702k%), and South Africa ($20.1M or 2.19k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-28M(-25.3%)
IMPORT GROWTH (November 2023 - November 2024)$1.15B(112%)
MAIN EXPORTER (November 2024)New York$53.5M
MAIN DESTINATION (November 2024)Canada$44M

This section shows Other Precious Metal Products's exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Other Precious Metal Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.01B
IMPORTS (2023)$5.21B
NET TRADE (2023)-$4.2B

In 2023, United States exported $1.01B in Other Precious Metal Products. The main destinations of United States exports on Other Precious Metal Products were Singapore ($338M), Canada ($323M), South Korea ($120M), China ($55.8M), and Costa Rica ($37.4M).

In 2023, United States imported $5.21B in Other Precious Metal Products, mainly from South Africa ($1.37B), Canada ($1.3B), Australia ($668M), United Kingdom ($542M), and Turkey ($317M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Precious Metal Products EXPORT MARKETS FOR United States WERE (2022 - 2023):
South Korea$21.4M (21.7%)
Costa Rica$20.6M (122%)
China$17.7M (46.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Precious Metal Products BY United States WERE (2022 - 2023):
Singapore-$248M (-42.3%)
Canada-$142M (-30.5%)
Chinese Taipei-$18.7M (-70.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Other Precious Metal Products were:
Canada $1.49B
South Africa $1.37B
In 2023, United States's main importing competitors in Other Precious Metal Products were:
Singapore $490M
Malaysia $422M

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Trade Value of Other Precious Metal Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $15.8M
TOP IMPORT POTENTIALGermany+ $36.3M

Other Precious Metal Products’s highest export potential is China. With an export gap of $15.8M.   Other Precious Metal Products’s highest import potential is Germany with an import gap of $36.3M.

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