2023
Exports
$1.05BWorld Rnk 7 / 176
Flag Rnk 18 / 1181
2023
PRODUCT COMPLEXITY IN Precious Metal Scraps
-0.62Rnk 738 / 1025
2023
Imports
$1.74BWorld Rnk 5 / 126
Flag Rnk 38 / 1207
2023
ECONOMIC COMPLEXITY of Hong Kong
1.12Rnk 23 / 132

About

Exports In 2023, Hong Kong exported $1.05B in Precious Metal Scraps, making it the 7th largest exporter of Precious Metal Scraps in the world. At the same year, Precious Metal Scraps was the 18th most exported product in Hong Kong. The main destination of Precious Metal Scraps exports from Hong Kong are: United Arab Emirates ($850M), Switzerland ($82.1M), Japan ($73.9M), Turkey ($30.2M), and Singapore ($6.71M).

The fastest growing export markets for Precious Metal Scraps of Hong Kong between 2022 and 2023 were United Arab Emirates ($76.7M), Switzerland ($72.1M), and Turkey ($30.2M).

Imports In 2023, Hong Kong imported $1.74B in Precious Metal Scraps, becoming the 5th largest importer of Precious Metal Scraps in the world. At the same year, Precious Metal Scraps was the 38th most imported product in Hong Kong. Hong Kong imports Precious Metal Scraps primarily from: Philippines ($939M), Singapore ($415M), Indonesia ($225M), Japan ($45.6M), and Vietnam ($26.8M).

The fastest growing import markets in Precious Metal Scraps for Hong Kong between 2022 and 2023 were Indonesia ($221M), Singapore ($83.8M), and Philippines ($65.1M).

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 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)$1.05B
IMPORTS (2023)$1.74B
NET TRADE (2023)-$693M

In 2023, Hong Kong exported $1.05B in Precious Metal Scraps. The main destinations of Hong Kong exports on Precious Metal Scraps were United Arab Emirates ($850M), Switzerland ($82.1M), Japan ($73.9M), Turkey ($30.2M), and Singapore ($6.71M).

In 2023, Hong Kong imported $1.74B in Precious Metal Scraps, mainly from Philippines ($939M), Singapore ($415M), Indonesia ($225M), Japan ($45.6M), and Vietnam ($26.8M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Scraps EXPORT MARKETS FOR Hong Kong WERE (2022 - 2023):
United Arab Emirates$76.7M (9.93%)
Switzerland$72.1M (728%)
Turkey$30.2M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Scraps BY Hong Kong WERE (2022 - 2023):
Thailand-$25.4M (-96.9%)
United Kingdom-$7.35M (-80.5%)
Belgium-$1.12M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hong Kong's main exporting competitors in Precious Metal Scraps were:
In 2023, Hong Kong'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

Flow
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TOP EXPORT POTENTIALJapan+ $23.7M
TOP IMPORT POTENTIALIndonesia+ $10.8M

Precious Metal Scraps’s highest export potential is Japan. With an export gap of $23.7M.   Precious Metal Scraps’s highest import potential is Indonesia with an import gap of $10.8M.

See methodology.

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