2023
Exports
$1.25BWorld Rnk 3 / 98
Flag Rnk 225 / 1217
2023
PRODUCT COMPLEXITY IN Precious Metal Compounds
0.8Rnk 254 / 1025
2023
Imports
$165MWorld Rnk 15 / 184
Flag Rnk 773 / 1215
2023
ECONOMIC COMPLEXITY of United States
1.5Rnk 10 / 132

About

Exports In 2023, United States exported $1.25B in Precious Metal Compounds, making it the 3rd largest exporter of Precious Metal Compounds in the world. At the same year, Precious Metal Compounds was the 225th most exported product in United States. The main destination of Precious Metal Compounds exports from United States are: Mexico ($657M), China ($130M), Germany ($96.9M), South Africa ($81.8M), and Switzerland ($52.3M).

The fastest growing export markets for Precious Metal Compounds of United States between 2022 and 2023 were Switzerland ($47.5M), Belgium ($21.3M), and Ireland ($3.6M).

Imports In 2023, United States imported $165M in Precious Metal Compounds, becoming the 15th largest importer of Precious Metal Compounds in the world. At the same year, Precious Metal Compounds was the 773rd most imported product in United States. United States imports Precious Metal Compounds primarily from: South Africa ($48.3M), Germany ($27.8M), United Kingdom ($22.9M), Japan ($22.4M), and Argentina ($7.85M).

The fastest growing import markets in Precious Metal Compounds for United States between 2022 and 2023 were South Africa ($27.9M), Germany ($18.8M), and United Kingdom ($11.6M).

COMPANIES In 2023, leading companies such as At Home Procurement (26), StarTech (17), and Euromarket Designs (13) were at the forefront of shipping Precious Metal Compounds to the United States.

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-12.5M(-13.8%)
IMPORT GROWTH (November 2023 - November 2024)$-2.07M(-24%)
MAIN EXPORTER (November 2024)Pennsylvania$47.8M
MAIN DESTINATION (November 2024)Mexico$26.7M

This section shows Precious Metal Compounds'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 Precious Metal Compounds over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.25B
IMPORTS (2023)$165M
NET TRADE (2023)$1.09B

In 2023, United States exported $1.25B in Precious Metal Compounds. The main destinations of United States exports on Precious Metal Compounds were Mexico ($657M), China ($130M), Germany ($96.9M), South Africa ($81.8M), and Switzerland ($52.3M).

In 2023, United States imported $165M in Precious Metal Compounds, mainly from South Africa ($48.3M), Germany ($27.8M), United Kingdom ($22.9M), Japan ($22.4M), and Argentina ($7.85M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Compounds EXPORT MARKETS FOR United States WERE (2022 - 2023):
Switzerland$47.5M (998%)
Belgium$21.3M (376%)
Ireland$3.6M (25.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Compounds BY United States WERE (2022 - 2023):
Mexico-$198M (-23.2%)
South Africa-$163M (-66.6%)
Brazil-$36.5M (-98.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Precious Metal Compounds were:
Japan $1.91B
Germany $1.89B
In 2023, United States's main importing competitors in Precious Metal Compounds were:

Explore Visualizations

Trade Value of Precious Metal Compounds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $23.4M
TOP IMPORT POTENTIALGermany+ $10.6M

Precious Metal Compounds’s highest export potential is India. With an export gap of $23.4M.   Precious Metal Compounds’s highest import potential is Germany with an import gap of $10.6M.

See methodology.

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