Precious Metal Compounds in United States | The Observatory of Economic Complexity

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Exports In 2022, United States exported $1.72B in Precious Metal Compounds, making it the 4th largest exporter of Precious Metal Compounds in the world. At the same year, Precious Metal Compounds was the 180th most exported product in United States. The main destination of Precious Metal Compounds exports from United States are: Mexico ($801M), South Africa ($246M), China ($146M), Germany ($98.4M), and Singapore ($62.9M).

The fastest growing export markets for Precious Metal Compounds of United States between 2021 and 2022 were South Africa ($80.5M), Saudi Arabia ($60.5M), and Brazil ($26.3M).

Imports In 2022, United States imported $110M in Precious Metal Compounds, becoming the 26th largest importer of Precious Metal Compounds in the world. At the same year, Precious Metal Compounds was the 861st most imported product in United States. United States imports Precious Metal Compounds primarily from: Japan ($40.6M), United Kingdom ($12.9M), Germany ($12.8M), Italy ($12.1M), and South Africa ($9.63M).

The fastest growing import markets in Precious Metal Compounds for United States between 2021 and 2022 were South Africa ($5.67M), United Kingdom ($5.32M), and Germany ($2.81M).

COMPANIES In 2023, leading companies such as AT HOME PROCUREMENT INC (26), STARTECH.COM USA LLP (17), and EUROMARKET DESIGNS INC (13) were at the forefront of shipping Precious Metal Compounds to the United States.

Latest Trends

February 2024

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Overview In February 2024 United States' Precious Metal Compounds exports accounted up to $85.2M and imports accounted up to $7.98M, resulting in a positive trade balance of $77.2M. Between February 2023 and February 2024 the exports of United States' Precious Metal Compounds have decreased by $-45.6M (-34.9%) from $131M to $85.2M, while imports decreased by $-13.5M (-62.8%) from $21.4M to $7.98M.

Destinations In February 2024, Precious Metal Compounds were exported mostly to Mexico ($42.2M), Canada ($12.3M), China ($7.48M), Germany ($7.39M), and Turkey ($3.37M), and were imported mostly from Japan ($4.52M), Germany ($1.28M), India ($658k), South Africa ($544k), and United Kingdom ($430k).

Growth In February 2024, the decrease in Precious Metal Compounds's year-by-year exports was explained primarily by a decrease in exports to South Africa ($-4.49M or -21.1%), Mexico ($-3.35M or -4.53%), and Singapore ($-3.07M or -49.4%). In February 2024, the decrease in Precious Metal Compounds's year-by-year imports was explained primarily by a decrease in imports from Japan ($-9.84M or -82.3%), Italy ($-114k or -85%), and United Kingdom ($-70.5k or -41.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-45.6M(-34.9%)

IMPORT GROWTH (February 2023 - February 2024)$-13.5M(-62.8%)

MAIN EXPORTER (February 2024)Pennsylvania$39.2M

MAIN DESTINATION (February 2024)Mexico$42.2M

This section shows Precious Metal Compounds'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 Compounds over time.

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