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2022
Exports $5.75BWorld Rnk 1 / 177
Flag Rnk 58 / 1217
2022
Destination $183M Canada
2021 - 2022
FASTEST GROWING MARKET $183MMalaysia
2022
PRODUCT COMPLEXITY IN Precious Metal Scraps-0.68Rnk 752 / 1025
2022
Imports $1.64BWorld Rnk 7 / 118
Flag Rnk 294 / 1216
2022
Origin $167M Japan
2021 - 2022
FASTEST GROWING ORIGIN $167MJapan
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $5.75B in Precious Metal Scraps, making it the 1st largest exporter of Precious Metal Scraps in the world. At the same year, Precious Metal Scraps was the 58th most exported product in United States. The main destination of Precious Metal Scraps exports from United States are: Canada ($2.8B), United Kingdom ($915M), Italy ($868M), Germany ($451M), and Belgium ($226M).

The fastest growing export markets for Precious Metal Scraps of United States between 2021 and 2022 were Malaysia ($183M), Dominican Republic ($19M), and South Africa ($6.13M).

Imports In 2022, United States imported $1.64B in Precious Metal Scraps, becoming the 7th largest importer of Precious Metal Scraps in the world. At the same year, Precious Metal Scraps was the 294th most imported product in United States. United States imports Precious Metal Scraps primarily from: Japan ($262M), Mexico ($229M), Germany ($220M), Canada ($220M), and United Kingdom ($157M).

The fastest growing import markets in Precious Metal Scraps for United States between 2021 and 2022 were Japan ($167M), Mexico ($52.5M), and Thailand ($21.7M).

COMPANIES In 2023, leading companies such as Disney Cruise Line (118), Celebrity Cruises (2), and Amazon (1) were at the forefront of shipping Precious Metal Scraps to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Precious Metal Scraps exports accounted up to $599M and imports accounted up to $281M, resulting in a positive trade balance of $318M. Between August 2023 and August 2024 the exports of United States'   Precious Metal Scraps have decreased by $-67.3M (-10.1%) from $666M to $599M, while imports increased by $141M (101%) from $140M to $281M.

Destinations In August 2024, Precious Metal Scraps were exported mostly to Canada ($378M), Italy ($60.5M), United Kingdom ($36.5M), Malaysia ($30.9M), and Germany ($30.8M), and were imported mostly from Netherlands ($59.4M), Germany ($41.5M), Mexico ($33.1M), Saudi Arabia ($26.8M), and Canada ($25M).

Growth In August 2024, the decrease in Precious Metal Scraps's year-by-year exports was explained primarily by a decrease in exports to Japan ($-52.5M or -59.8%), United Kingdom ($-47.8M or -43.5%), and Germany ($-40.1M or -23.6%). In August 2024, the increase in Precious Metal Scraps's year-by-year imports was explained primarily by an increase in imports from United Kingdom ($15.3M or 109%), Japan ($5.6M or 96.5%), and Chinese Taipei ($5.1M or 8.46k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-67.3M(-10.1%)
IMPORT GROWTH (August 2023 - August 2024)$141M(101%)
MAIN EXPORTER (August 2024)Texas$372M
MAIN DESTINATION (August 2024)Canada$378M

This section shows Precious Metal Scraps's exports and imports data at subnational level for United States. 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)$5.75B
IMPORTS (2022)$1.64B
NET TRADE (2022)$4.11B

In 2022, United States exported $5.75B in Precious Metal Scraps. The main destinations of United States exports on Precious Metal Scraps were Canada ($2.8B), United Kingdom ($915M), Italy ($868M), Germany ($451M), and Belgium ($226M).

In 2022, United States imported $1.64B in Precious Metal Scraps, mainly from Japan ($262M), Mexico ($229M), Germany ($220M), Canada ($220M), and United Kingdom ($157M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Scraps EXPORT MARKETS FOR United States WERE (2021 - 2022):
Malaysia$183M (5.55k%)
Dominican Republic$19M (11.7k%)
South Africa$6.13M (162%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Scraps BY United States WERE (2021 - 2022):
United Kingdom-$1.08B (-54.1%)
Germany-$531M (-54.1%)
Japan-$397M (-67%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Precious Metal Scraps were:
Indonesia $2.6B
United Kingdom $1.45B
In 2022, United States'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 POTENTIALSwitzerland+ $44.6M
TOP IMPORT POTENTIALCanada+ $174M

Precious Metal Scraps’s highest export potential is Switzerland. With an export gap of $44.6M.   Precious Metal Scraps’s highest import potential is Canada with an import gap of $174M.

See methodology.

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