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261690 (Harmonized System 1992 for 6-digit)

2023
World Trade $11.7BRnk 303 / 4644
2023
Top Exporter | Top Importer $1.7B | $5.06BSouth Africa | China
2023
Product Complexity -1.62Rnk 4352 / 4656
2022 - 2023
Export Growth (CAGR) 10.3%Rnk 670 / 4644
2023
Share of World Trade 0.052%Rnk 303 / 4644

About

Overview This page contains the latest trade data of Precious metal ores and concentrates except silver. In 2023, Precious metal ores and concentrates except silver were the world's 303rd most traded product, with a total trade of $11.7B. Between 2022 and 2023 the exports of Precious metal ores and concentrates except silver grew by 10.3%, from $10.6B to $11.7B. Trade in Precious metal ores and concentrates except silver represent 0.052% of total world trade.

Precious metal ores and concentrates except silver are a part of Precious Metal Ore.

Exports In 2023 the top exporters of Precious metal ores and concentrates except silver  were South Africa ($1.7B), Russia ($1.36B), Australia ($1.23B), Bulgaria ($1.03B), and Ecuador ($672M).

Imports In 2023 the top importers of Precious metal ores and concentrates except silver were China ($5.06B), Germany ($2.69B), United Kingdom ($848M), South Korea ($449M), and Japan ($436M).

Ranking Precious metal ores and concentrates except silver ranks 4352nd in the Product Complexity Index (PCI).

Description Ferrous metals such as iron and steel can be found in the form of ores and concentrates. Precious metal ores and concentrates can be found in the form of silver, platinum, gold, and palladium. These are used in various industries to produce jewelry, coins, and electronics.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Precious metal ores and concentrates except silver. 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 (2023)South Africa$1.7B
Top Destination (2023)China$5.06B

In 2023 Precious metal ores and concentrates except silver were the world's 303rd most traded product (out of 4,644).

In 2023, the top exporters of Precious metal ores and concentrates except silver were South Africa ($1.7B), Russia ($1.36B), Australia ($1.23B), Bulgaria ($1.03B), and Ecuador ($672M).

In 2023, the top importers of Precious metal ores and concentrates except silver were China ($5.06B), Germany ($2.69B), United Kingdom ($848M), South Korea ($449M), and Japan ($436M).

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Exporters of Precious metal ores and concentrates except silver (2023)
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Importers of Precious metal ores and concentrates except silver (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Russia$700M
Top Destination Growth (2022 -  2023)China$2.14B

Between 2022 and 2023, the exports of Precious metal ores and concentrates except silver grew the fastest in Russia ($700M), Peru ($310M), Mexico ($301M), Brazil ($253M), and Bulgaria ($220M).

Between 2022 and 2023, the fastest growing importers of Precious metal ores and concentrates except silver were China ($2.14B), South Korea ($329M), Singapore ($88.2M), Chinese Taipei ($54.9M), and Sweden ($39.3M).

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Exporters of Precious metal ores and concentrates except silver (2022 - 2023)

Importers of Precious metal ores and concentrates except silver (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Precious metal ores and concentrates except silver.

In 2023, market concentration measured using Shannon Entropy, was 4.43. This means that most of the exports of Precious metal ores and concentrates except silver are explained by 21 countries.

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Value of Exports in Precious metal ores and concentrates except silver

Net Trade

TOP NET EXPORTER (2023)South Africa$1.7B
TOP NET IMPORTER (2023)China$5.05B

This map shows which countries export or import more of Precious metal ores and concentrates except silver. Each country is colored based on the difference in exports and imports of Precious metal ores and concentrates except silver during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Precious metal ores and concentrates except silver were South Africa ($1.7B), Australia ($1.22B), Russia ($1.17B), Bulgaria ($953M), and Ecuador ($672M).

In 2023, the countries that had a largest trade value in imports than in exports of Precious metal ores and concentrates except silver were China ($5.05B), Germany ($2.38B), United Kingdom ($836M), South Korea ($449M), and Japan ($436M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Precious metal ores and concentrates except silver.
It is possible to select the main countries that export or import Precious metal ores and concentrates except silver in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Precious metal ores and concentrates except silver by percentage of total exports

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 (2023)

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