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2022
Exports $90.3MWorld Rnk 36 / 177
Flag Rnk 891 / 1216
2022
Destination $10.1M Italy
2021 - 2022
FASTEST GROWING MARKET $10.1MItaly
2022
PRODUCT COMPLEXITY IN Precious Metal Scraps-0.68Rnk 752 / 1025
2022
Imports $41.4MWorld Rnk 26 / 118
Flag Rnk 814 / 1212
2022
Origin $5.4M Singapore
2021 - 2022
FASTEST GROWING ORIGIN $5.4MSingapore
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $90.3M in Precious Metal Scraps, making it the 36th largest exporter of Precious Metal Scraps in the world. At the same year, Precious Metal Scraps was the 891st most exported product in China. The main destination of Precious Metal Scraps exports from China are: Italy ($35.4M), United Kingdom ($13M), Chinese Taipei ($9.04M), United States ($7.49M), and Japan ($6.18M).

The fastest growing export markets for Precious Metal Scraps of China between 2021 and 2022 were Italy ($10.1M), United Kingdom ($6.8M), and Hong Kong ($1.15M).

Imports In 2022, China imported $41.4M in Precious Metal Scraps, becoming the 26th largest importer of Precious Metal Scraps in the world. At the same year, Precious Metal Scraps was the 814th most imported product in China. China imports Precious Metal Scraps primarily from: Singapore ($31.5M), United States ($4.24M), Japan ($3M), Ecuador ($1.22M), and Hong Kong ($451k).

The fastest growing import markets in Precious Metal Scraps for China between 2021 and 2022 were Singapore ($5.4M), United States ($3.2M), and Japan ($2.65M).

COMPANIES In 2023, leading companies such as Amazon (1) were at the forefront of shipping Precious Metal Scraps from China to the United States.

Latest Trends

August 2024

About

Overview In August 2024 China's Precious Metal Scraps exports accounted up to $452k and imports accounted up to $2.4M, resulting in a negative trade balance of $1.95M. Between August 2023 and August 2024 the exports of China's   Precious Metal Scraps have decreased by $-5.21M (-92%) from $5.67M to $452k, while imports increased by $2.4M (934k%) from $257 to $2.4M.

Destinations In August 2024, Precious Metal Scraps were exported mostly to Belgium ($252k), Hong Kong ($175k), Japan ($19.2k), United States ($3.22k), and Malaysia ($2.6k), and were imported mostly from Singapore ($2.31M) and China ($96.3k).

Growth In August 2024, the decrease in Precious Metal Scraps's year-by-year exports was explained primarily by a decrease in exports to . In August 2024, the increase in Precious Metal Scraps's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-5.21M(-92%)
IMPORT GROWTH (May 2023 - August 2024)$2.4M(934k%)
MAIN EXPORTER (August 2024)Jiangsu Province$1.9M
MAIN DESTINATION (August 2024)Belgium$252k

This section shows Precious Metal Scraps's exports and imports data at subnational level for China. 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 Scraps over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$90.3M
IMPORTS (2022)$41.4M
NET TRADE (2022)$48.9M

In 2022, China exported $90.3M in Precious Metal Scraps. The main destinations of China exports on Precious Metal Scraps were Italy ($35.4M), United Kingdom ($13M), Chinese Taipei ($9.04M), United States ($7.49M), and Japan ($6.18M).

In 2022, China imported $41.4M in Precious Metal Scraps, mainly from Singapore ($31.5M), United States ($4.24M), Japan ($3M), Ecuador ($1.22M), and Hong Kong ($451k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Scraps EXPORT MARKETS FOR China WERE (2021 - 2022):
Italy$10.1M (39.6%)
United Kingdom$6.8M (109%)
Hong Kong$1.15M (43.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Scraps BY China WERE (2021 - 2022):
Singapore-$23.3M (-85.5%)
Germany-$18.9M (-92.2%)
Japan-$6.02M (-49.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Precious Metal Scraps were:
United States $5.75B
Indonesia $2.6B
United Kingdom $1.45B
In 2022, China's main importing competitors in Precious Metal Scraps were:
Germany $3.7B
Canada $3.02B
Japan $2.87B

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Trade Value of Precious Metal Scraps by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $33.4M
TOP IMPORT POTENTIALUnited States+ $7.47M

Precious Metal Scraps’s highest export potential is Japan. With an export gap of $33.4M.   Precious Metal Scraps’s highest import potential is United States with an import gap of $7.47M.

See methodology.

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