Overview This page contains the latest trade data of Precious Metals. In 2020, Precious Metals were the world's 8th most traded product, with a total trade of $699B. Between 2019 and 2020 the exports of Precious Metals grew by 7.28%, from $652B to $699B. Trade in Precious Metals represent 4.17% of total world trade.
Precious Metals include Gold, Diamonds, Jewellery, Platinum, Silver, Precious Metal Scraps, Precious Stones, Imitation Jewellery, Other Precious Metal Products, and Metal-Clad Products, among others.
Exports In 2020 the top exporters of Precious Metals were Switzerland ($81.2B), United States ($46.9B), Hong Kong ($44.3B), United Arab Emirates ($42.6B), and United Kingdom ($34.4B).
Imports In 2020 the top importers of Precious Metals were United Kingdom ($104B), Switzerland ($104B), United States ($92.4B), Hong Kong ($59.1B), and United Arab Emirates ($53.5B).
Tariffs In 2018 the average tariff for Precious Metals was 7.62%, making it the 13th lowest tariff using the Section product classification.
The countries with the highest import tariffs for Precious Metals are Angola (45.8%), Ethiopia (32.1%), Cameroon (29.4%), and Gabon (29.4%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Sri Lanka (0%), Singapore (0%), and Switzerland (0%).
Ranking Precious Metals ranks 20th in the Product Complexity Index (PCI).