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2023
Exports $5.44BWorld Rnk 1 / 176
Flag Rnk 61 / 1217
2023
Destination $678M Canada
2022 - 2023
FASTEST GROWING MARKET $678MCanada
2023
PRODUCT COMPLEXITY IN Precious Metal Scraps-0.62Rnk 738 / 1025
2023
Imports $1.09BWorld Rnk 9 / 126
Flag Rnk 349 / 1215
2023
Origin $11.1M Canada
2022 - 2023
FASTEST GROWING ORIGIN $11.1MVenezuela
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $5.44B 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 61st most exported product in United States. The main destination of Precious Metal Scraps exports from United States are: Canada ($3.47B), Italy ($681M), United Kingdom ($667M), Germany ($272M), and Belgium ($149M).

The fastest growing export markets for Precious Metal Scraps of United States between 2022 and 2023 were Canada ($678M), Malaysia ($28.7M), and South Africa ($26.2M).

Imports In 2023, United States imported $1.09B in Precious Metal Scraps, becoming the 9th largest importer of Precious Metal Scraps in the world. At the same year, Precious Metal Scraps was the 349th most imported product in United States. United States imports Precious Metal Scraps primarily from: Canada ($213M), Mexico ($163M), United Kingdom ($146M), Japan ($120M), and Spain ($75.9M).

The fastest growing import markets in Precious Metal Scraps for United States between 2022 and 2023 were Venezuela ($11.1M), Singapore ($10.4M), and Ecuador ($10.2M).

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

November 2024

About

Overview In November 2024 United States' Precious Metal Scraps exports accounted up to $632M and imports accounted up to $150M, resulting in a positive trade balance of $482M. Between November 2023 and November 2024 the exports of United States'   Precious Metal Scraps have increased by $60.3M (10.6%) from $572M to $632M, while imports increased by $2.92M (1.98%) from $147M to $150M.

Destinations In November 2024, Precious Metal Scraps were exported mostly to Canada ($384M), Italy ($71.9M), United Kingdom ($47.6M), Germany ($47.2M), and Japan ($24.8M), and were imported mostly from Mexico ($41.8M), United Kingdom ($19.4M), Canada ($17.1M), Germany ($13.3M), and Sweden ($12.9M).

Growth In November 2024, the increase in Precious Metal Scraps's year-by-year exports was explained primarily by an increase in exports to Canada ($74.3M or 33%), Malaysia ($14.9M or 249%), and Italy ($14.9M or 21.4%). In November 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 (November 2023 - November 2024)$60.3M(10.6%)
IMPORT GROWTH (November 2023 - November 2024)$2.92M(1.98%)
MAIN EXPORTER (November 2024)Texas$372M
MAIN DESTINATION (November 2024)Canada$384M

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 (2023)$5.44B
IMPORTS (2023)$1.09B
NET TRADE (2023)$4.35B

In 2023, United States exported $5.44B in Precious Metal Scraps. The main destinations of United States exports on Precious Metal Scraps were Canada ($3.47B), Italy ($681M), United Kingdom ($667M), Germany ($272M), and Belgium ($149M).

In 2023, United States imported $1.09B in Precious Metal Scraps, mainly from Canada ($213M), Mexico ($163M), United Kingdom ($146M), Japan ($120M), and Spain ($75.9M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Scraps EXPORT MARKETS FOR United States WERE (2022 - 2023):
Canada$678M (24.2%)
Malaysia$28.7M (65.6%)
South Africa$26.2M (8.05k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Scraps BY United States WERE (2022 - 2023):
United Kingdom-$364M (-35.3%)
Germany-$161M (-37.1%)
Italy-$139M (-17%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Precious Metal Scraps were:
Indonesia $3.45B
Belgium $1.78B
In 2023, United States's main importing competitors in Precious Metal Scraps were:
Germany $4.72B
Canada $3.77B
Switzerland $3.16B

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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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