2023
Exports
$88.6MWorld Rnk 11 / 98
Flag Rnk 454 / 1212
2023
PRODUCT COMPLEXITY IN Precious Metal Compounds
0.8Rnk 254 / 1025
2023
Imports
$1.6BWorld Rnk 1 / 184
Flag Rnk 60 / 1208
2023
ECONOMIC COMPLEXITY of India
0.65Rnk 39 / 132

About

Exports In 2023, India exported $88.6M in Precious Metal Compounds, making it the 11th largest exporter of Precious Metal Compounds in the world. At the same year, Precious Metal Compounds was the 454th most exported product in India. The main destination of Precious Metal Compounds exports from India are: Switzerland ($75.9M), France ($3.15M), United States ($1.88M), Germany ($1.21M), and Singapore ($819k).

The fastest growing export markets for Precious Metal Compounds of India between 2022 and 2023 were Switzerland ($52.9M), Germany ($809k), and Saudi Arabia ($336k).

Imports In 2023, India imported $1.6B in Precious Metal Compounds, becoming the 1st largest importer of Precious Metal Compounds in the world. At the same year, Precious Metal Compounds was the 60th most imported product in India. India imports Precious Metal Compounds primarily from: Japan ($1.4B), United Arab Emirates ($96.6M), Germany ($32.6M), Indonesia ($16.4M), and Italy ($10.8M).

The fastest growing import markets in Precious Metal Compounds for India between 2022 and 2023 were United Arab Emirates ($91.6M), Indonesia ($6.48M), and China ($5.99M).

COMPANIES In 2024, leading companies such as Cinmar (2) and Mystic Apparel (1) were at the forefront of shipping Precious Metal Compounds from India to the United States.

Latest Trends

Jan 2025

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 Precious Metal Compounds. 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 (2023)$88.6M
IMPORTS (2023)$1.6B
NET TRADE (2023)-$1.52B

In 2023, India exported $88.6M in Precious Metal Compounds. The main destinations of India exports on Precious Metal Compounds were Switzerland ($75.9M), France ($3.15M), United States ($1.88M), Germany ($1.21M), and Singapore ($819k).

In 2023, India imported $1.6B in Precious Metal Compounds, mainly from Japan ($1.4B), United Arab Emirates ($96.6M), Germany ($32.6M), Indonesia ($16.4M), and Italy ($10.8M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Compounds EXPORT MARKETS FOR India WERE (2022 - 2023):
Switzerland$52.9M (230%)
Germany$809k (203%)
Saudi Arabia$336k (691%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Compounds BY India WERE (2022 - 2023):
Iran-$1.15M (-100%)
Turkey-$996k (-74.2%)
Vietnam-$384k (-97.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, India's main exporting competitors in Precious Metal Compounds were:
In 2023, India's main importing competitors in Precious Metal Compounds were:

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Trade Value of Precious Metal Compounds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $2.92M
TOP IMPORT POTENTIALGermany+ $40.7M

Precious Metal Compounds’s highest export potential is France. With an export gap of $2.92M.   Precious Metal Compounds’s highest import potential is Germany with an import gap of $40.7M.

See methodology.

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