2023
Exports
$1.08BWorld Rnk 6 / 176
Flag Rnk 24 / 1209
2023
PRODUCT COMPLEXITY IN Precious Metal Scraps
-0.62Rnk 738 / 1025
2023
Imports
$1.09BWorld Rnk 10 / 126
Flag Rnk 41 / 1210
2023
ECONOMIC COMPLEXITY of United Arab Emirates
0.15Rnk 54 / 132

About

Exports In 2023, United Arab Emirates exported $1.08B in Precious Metal Scraps, making it the 6th largest exporter of Precious Metal Scraps in the world. At the same year, Precious Metal Scraps was the 24th most exported product in United Arab Emirates. The main destination of Precious Metal Scraps exports from United Arab Emirates are: Turkey ($950M), South Korea ($47.4M), United Kingdom ($44M), Italy ($16.4M), and Germany ($6.23M).

The fastest growing export markets for Precious Metal Scraps of United Arab Emirates between 2022 and 2023 were Turkey ($944M), Italy ($10.9M), and Czechia ($3.18M).

Imports In 2023, United Arab Emirates imported $1.09B in Precious Metal Scraps, becoming the 10th largest importer of Precious Metal Scraps in the world. At the same year, Precious Metal Scraps was the 41st most imported product in United Arab Emirates. United Arab Emirates imports Precious Metal Scraps primarily from: Hong Kong ($850M), Germany ($53.7M), Belgium ($37.9M), India ($33.9M), and Kuwait ($33.8M).

The fastest growing import markets in Precious Metal Scraps for United Arab Emirates between 2022 and 2023 were Hong Kong ($76.7M), Belgium ($36.1M), and South Africa ($21.5M).

Latest Trends

Dec 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 Precious Metal Scraps. 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)$1.08B
IMPORTS (2023)$1.09B
NET TRADE (2023)-$9.93M

In 2023, United Arab Emirates exported $1.08B in Precious Metal Scraps. The main destinations of United Arab Emirates exports on Precious Metal Scraps were Turkey ($950M), South Korea ($47.4M), United Kingdom ($44M), Italy ($16.4M), and Germany ($6.23M).

In 2023, United Arab Emirates imported $1.09B in Precious Metal Scraps, mainly from Hong Kong ($850M), Germany ($53.7M), Belgium ($37.9M), India ($33.9M), and Kuwait ($33.8M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Scraps EXPORT MARKETS FOR United Arab Emirates WERE (2022 - 2023):
Turkey$944M (14.9k%)
Italy$10.9M (197%)
Czechia$3.18M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Scraps BY United Arab Emirates WERE (2022 - 2023):
South Korea-$41.5M (-46.7%)
United Kingdom-$13.7M (-23.8%)
India-$11.1M (-84.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, United Arab Emirates's main exporting competitors in Precious Metal Scraps were:
In 2023, United Arab Emirates's main importing competitors in Precious Metal Scraps were:

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Trade Value of Precious Metal Scraps by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $17.7M
TOP IMPORT POTENTIALUnited States+ $16.5M

Precious Metal Scraps’s highest export potential is United States. With an export gap of $17.7M.   Precious Metal Scraps’s highest import potential is United States with an import gap of $16.5M.

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