Other Precious Metal Products in United States | The Observatory of Economic Complexity

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Exports In 2022, United States exported $1.7B in Other Precious Metal Products, making it the 2nd largest exporter of Other Precious Metal Products in the world. At the same year, Other Precious Metal Products was the 183rd most exported product in United States. The main destination of Other Precious Metal Products exports from United States are: Singapore ($622M), Canada ($530M), South Korea ($253M), United Kingdom ($48.7M), and Mexico ($42.9M).

The fastest growing export markets for Other Precious Metal Products of United States between 2021 and 2022 were South Korea ($220M), Canada ($121M), and United Kingdom ($22.4M).

Imports In 2022, United States imported $4.42B in Other Precious Metal Products, becoming the 1st largest importer of Other Precious Metal Products in the world. At the same year, Other Precious Metal Products was the 128th most imported product in United States. United States imports Other Precious Metal Products primarily from: Canada ($1.77B), Australia ($509M), Singapore ($434M), Senegal ($328M), and United Kingdom ($295M).

The fastest growing import markets in Other Precious Metal Products for United States between 2021 and 2022 were Singapore ($418M), Senegal ($328M), and United Kingdom ($261M).

COMPANIES In 2023, leading companies such as AT HOME PROCUREMENT INC (1), WALMART INC (1), and THE UTTERMOST COMPANY (1) were at the forefront of shipping Other Precious Metal Products to the United States.

Latest Trends

February 2024

About

Overview In February 2024 United States' Other Precious Metal Products exports accounted up to $78.9M and imports accounted up to $372M, resulting in a negative trade balance of $293M. Between February 2023 and February 2024 the exports of United States' Other Precious Metal Products have decreased by $-40.1M (-33.7%) from $119M to $78.9M, while imports increased by $20.5M (5.82%) from $352M to $372M.

Destinations In February 2024, Other Precious Metal Products were exported mostly to Singapore ($29.6M), Canada ($23.1M), Japan ($8.09M), Mexico ($4.26M), and United Kingdom ($3.66M), and were imported mostly from Switzerland ($206M), Canada ($67.6M), South Africa ($46.5M), Australia ($21.6M), and Poland ($13.4M).

Growth In February 2024, the decrease in Other Precious Metal Products's year-by-year exports was explained primarily by a decrease in exports to Singapore ($-29.3M or -43%), China ($-2.8M or -61.9%), and Switzerland ($-710k or -82.8%). In February 2024, the increase in Other Precious Metal Products's year-by-year imports was explained primarily by an increase in imports from Canada ($233M or 163%), South Korea ($27.9M or 702k%), and South Africa ($20.1M or 2.19k%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-40.1M(-33.7%)

IMPORT GROWTH (February 2023 - February 2024)$20.5M(5.82%)

MAIN EXPORTER (February 2024)New York$53.5M

MAIN DESTINATION (February 2024)Singapore$29.6M

This section shows Other Precious Metal Products'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 Other Precious Metal Products over time.

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