2023
Exports
$131MWorld Rnk 32 / 176
Flag Rnk 377 / 1212
2023
PRODUCT COMPLEXITY IN Precious Metal Scraps
-0.62Rnk 738 / 1025
2023
Imports
$25.9MWorld Rnk 28 / 126
Flag Rnk 696 / 1208
2023
ECONOMIC COMPLEXITY of India
0.65Rnk 39 / 132

About

Exports In 2023, India exported $131M in Precious Metal Scraps, making it the 32nd largest exporter of Precious Metal Scraps in the world. At the same year, Precious Metal Scraps was the 377th most exported product in India. The main destination of Precious Metal Scraps exports from India are: South Korea ($41.6M), United Arab Emirates ($33.9M), Japan ($17.4M), Belgium ($15.9M), and Germany ($8.31M).

The fastest growing export markets for Precious Metal Scraps of India between 2022 and 2023 were United Arab Emirates ($20.1M), Belgium ($5.82M), and United States ($1.33M).

Imports In 2023, India imported $25.9M in Precious Metal Scraps, becoming the 28th largest importer of Precious Metal Scraps in the world. At the same year, Precious Metal Scraps was the 696th most imported product in India. India imports Precious Metal Scraps primarily from: Saudi Arabia ($5.77M), Oman ($5.54M), Thailand ($2.5M), Qatar ($2.11M), and United Arab Emirates ($2.06M).

The fastest growing import markets in Precious Metal Scraps for India between 2022 and 2023 were Saudi Arabia ($5.77M), Thailand ($2.5M), and United States ($1.05M).

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)$131M
IMPORTS (2023)$25.9M
NET TRADE (2023)$105M

In 2023, India exported $131M in Precious Metal Scraps. The main destinations of India exports on Precious Metal Scraps were South Korea ($41.6M), United Arab Emirates ($33.9M), Japan ($17.4M), Belgium ($15.9M), and Germany ($8.31M).

In 2023, India imported $25.9M in Precious Metal Scraps, mainly from Saudi Arabia ($5.77M), Oman ($5.54M), Thailand ($2.5M), Qatar ($2.11M), and United Arab Emirates ($2.06M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Scraps EXPORT MARKETS FOR India WERE (2022 - 2023):
Belgium$5.82M (57.6%)
United States$1.33M (49.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Scraps BY India WERE (2022 - 2023):
Singapore-$14.8M (-73.1%)
Canada-$9.34M (-100%)
Germany-$9.09M (-52.3%)

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 Scraps were:
In 2023, India'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
View
TOP EXPORT POTENTIALJapan+ $31.7M
TOP IMPORT POTENTIALUnited Arab Emirates+ $6.58M

Precious Metal Scraps’s highest export potential is Japan. With an export gap of $31.7M.   Precious Metal Scraps’s highest import potential is United Arab Emirates with an import gap of $6.58M.

See methodology.

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