Articles of precious metal or of metal clad with precious metal

7115 (Harmonized System 1992 for 4-digit)

About

Overview This page contains the latest trade data of Other Precious Metal Products. In 2022, Other Precious Metal Products were the world's 407th most traded product, with a total trade of $9.08B. Between 2021 and 2022 the exports of Other Precious Metal Products grew by 14.6%, from $7.92B to $9.08B. Trade in Other Precious Metal Products represent 0.038% of total world trade.

Other Precious Metal Products are a part of Precious stones, metals, & pearls. They include Articles of, or clad with, precious metal nes and Catalysts (form of wire cloth or grill) of platinum.

Exports In 2022 the top exporters of Other Precious Metal Products  were Canada ($1.78B), United States ($1.7B), Germany ($911M), Japan ($596M), and United Kingdom ($562M).

Imports In 2022 the top importers of Other Precious Metal Products were United States ($4.42B), Singapore ($789M), Canada ($579M), South Korea ($337M), and Malaysia ($259M).

Ranking Other Precious Metal Products ranks 543rd in the Product Complexity Index (PCI).

Description Articles of precious metal are made from a variety of materials, including gold, silver, platinum, and palladium.

Latest Data

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The following visualization shows the latest trends on Other Precious Metal Products. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)Canada$1.78B
Top Destination (2022)United States$4.42B

In 2022 Other Precious Metal Products were the world's 407th most traded product (out of 1,218).

In 2022, the top exporters of Other Precious Metal Products were Canada ($1.78B), United States ($1.7B), Germany ($911M), Japan ($596M), and United Kingdom ($562M).

In 2022, the top importers of Other Precious Metal Products were United States ($4.42B), Singapore ($789M), Canada ($579M), South Korea ($337M), and Malaysia ($259M).

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Exporters of Other Precious Metal Products (2022)
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Importers of Other Precious Metal Products (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Singapore$499M
Top Destination Growth (2021 -  2022)United States$1.45B

Between 2021 and 2022, the exports of Other Precious Metal Products grew the fastest in Singapore ($499M), Senegal ($328M), United Kingdom ($259M), Hong Kong ($225M), and Australia ($150M).

Between 2021 and 2022, the fastest growing importers of Other Precious Metal Products were United States ($1.45B), South Korea ($166M), France ($77.9M), Canada ($68.3M), and Malaysia ($64.8M).

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Exporters of Other Precious Metal Products (2021 - 2022)

Importers of Other Precious Metal Products (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Other Precious Metal Products.

In 2022, market concentration measured using Shannon Entropy, was 3.94. This means that most of the exports of Other Precious Metal Products are explained by 15 countries.

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Value of Exports in Other Precious Metal Products

Net Trade

TOP NET EXPORTER (2022)Canada$1.2B
TOP NET IMPORTER (2022)United States$2.72B

This map shows which countries export or import more of Other Precious Metal Products. Each country is colored based on the difference in exports and imports of Other Precious Metal Products during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Other Precious Metal Products were Canada ($1.2B), Germany ($667M), Japan ($466M), Australia ($465M), and United Kingdom ($430M).

In 2022, the countries that had a largest trade value in imports than in exports of Other Precious Metal Products were United States ($2.72B), Singapore ($227M), South Korea ($223M), Thailand ($143M), and Malaysia ($119M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Other Precious Metal Products, disaggragated by their HS6 level were Articles of, or clad with, precious... ($8.12B) and Catalysts (form of wire cloth or... ($957M)

HS6 Disaggregation for Other Precious Metal Products (2022)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Other Precious Metal Products.
It is possible to select the main countries that export or import Other Precious Metal Products in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Other Precious Metal Products by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited Kingdom+ $2.32M
TOP IMPORT POTENTIALGermany+ $5.46M

Other Precious Metal Products’s highest export potential is United Kingdom. With an export gap of $2.32M.  Other Precious Metal Products’s highest import potential is Germany with an import gap of $5.46M.

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Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2022)

Country by Relatedness

The following visualization shows the relatedness of Other Precious Metal Products to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2022)

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