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2022
Exports $151MWorld Rnk 28 / 177
Flag Rnk 360 / 1212
2022
Destination $18.3M South Korea
2021 - 2022
FASTEST GROWING MARKET $18.3MSouth Korea
2022
PRODUCT COMPLEXITY IN Precious Metal Scraps-0.68Rnk 752 / 1025
2022
Imports $165MWorld Rnk 16 / 118
Flag Rnk 351 / 1206
2022
Origin $82.1M Kuwait
2021 - 2022
FASTEST GROWING ORIGIN $82.1MKuwait
2022
ECONOMIC COMPLEXITY of India0.64Rnk 40 / 133

About

Exports In 2022, India exported $151M in Precious Metal Scraps, making it the 28th largest exporter of Precious Metal Scraps in the world. At the same year, Precious Metal Scraps was the 360th most exported product in India. The main destination of Precious Metal Scraps exports from India are: South Korea ($49.9M), Japan ($26.5M), Singapore ($19.4M), Canada ($9.34M), and United Arab Emirates ($8.68M).

The fastest growing export markets for Precious Metal Scraps of India between 2021 and 2022 were South Korea ($18.3M), Canada ($9.05M), and United Kingdom ($7.33M).

Imports In 2022, India imported $165M in Precious Metal Scraps, becoming the 16th largest importer of Precious Metal Scraps in the world. At the same year, Precious Metal Scraps was the 351st most imported product in India. India imports Precious Metal Scraps primarily from: Kuwait ($82.1M), Malaysia ($43.8M), United Arab Emirates ($13.2M), Oman ($5.93M), and Egypt ($5.25M).

The fastest growing import markets in Precious Metal Scraps for India between 2021 and 2022 were Kuwait ($82.1M), Malaysia ($43.5M), and United Arab Emirates ($13M).

Latest Trends

Sep 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 (2022)$151M
IMPORTS (2022)$165M
NET TRADE (2022)-$14.1M

In 2022, India exported $151M in Precious Metal Scraps. The main destinations of India exports on Precious Metal Scraps were South Korea ($49.9M), Japan ($26.5M), Singapore ($19.4M), Canada ($9.34M), and United Arab Emirates ($8.68M).

In 2022, India imported $165M in Precious Metal Scraps, mainly from Kuwait ($82.1M), Malaysia ($43.8M), United Arab Emirates ($13.2M), Oman ($5.93M), and Egypt ($5.25M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Scraps EXPORT MARKETS FOR India WERE (2021 - 2022):
South Korea$18.3M (58.1%)
Canada$9.05M (3.2k%)
United Kingdom$7.33M (669%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Scraps BY India WERE (2021 - 2022):
Japan-$26.8M (-50.3%)
Italy-$7.05M (-89.4%)
United States-$5.66M (-46.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Precious Metal Scraps were:
United States $5.75B
Indonesia $2.6B
United Kingdom $1.45B
In 2022, India'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+ $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.

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