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Precious metal compounds: top exporters and importers (2024)

In 2024, world trade in precious metal compounds totaled $7.2 billion (8 thousand tonnes). The top exporters were Japan (25%), Germany (19%) and the United States (14%); the top importers were India (20%), Germany (8%) and Mexico (7%). Compared with 2019, the value rose 25%.

Summary

World trade
$7.2billion
Tonnes
8thousand tonnes
Price per tonne
$907,369
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Japan$1.8 billion · 24.7%
  2. Germany$1.4 billion · 18.9%
  3. United States$1 billion · 14.4%
  4. United Kingdom$716 million · 9.9%
  5. Switzerland$554 million · 7.7%
  6. Italy$208 million · 2.9%
  7. China$207 million · 2.9%
  8. South Korea$139 million · 1.9%
  9. Ireland$133 million · 1.8%
  10. Brazil$121 million · 1.7%
  11. Australia$109 million · 1.5%
  12. Belgium$102 million · 1.4%
    re-exports
  13. South Africa$97 million · 1.3%
  14. Singapore$92 million · 1.3%
    re-exports
  15. Hong Kong$86 million · 1.2%
    re-exports
  16. Indonesia$81 million · 1.1%
  17. France$38 million · 0.52%
  18. Taiwan$35 million · 0.48%
  19. Netherlands$34 million · 0.48%
    re-exports
  20. United Arab Emirates$30 million · 0.42%

Top importers

  1. India$1.5 billion · 20.2%
  2. Germany$552 million · 7.7%
  3. Mexico$470 million · 6.5%
  4. France$461 million · 6.4%
  5. China$369 million · 5.1%
  6. United Kingdom$321 million · 4.5%
  7. Malaysia$281 million · 3.9%
  8. Taiwan$263 million · 3.7%
  9. Singapore$260 million · 3.6%
    re-exports
  10. Czechia$233 million · 3.2%
  11. Poland$211 million · 2.9%
  12. Vietnam$207 million · 2.9%
  13. Thailand$207 million · 2.9%
  14. South Korea$203 million · 2.8%
  15. Netherlands$175 million · 2.4%
    re-exports
  16. North Macedonia$174 million · 2.4%
  17. United States$127 million · 1.8%
  18. Hong Kong$120 million · 1.7%
    re-exports
  19. Canada$111 million · 1.5%
  20. Switzerland$110 million · 1.5%

Trend

Who sells it

Japan has been the top exporter since 2022

Value in USD billions. The five largest exporters in 2024.

  • Japan 1.8
  • Germany 1.4
  • United States 1
  • United Kingdom 0.72
  • Switzerland 0.55

Source: CEPII BACI

Show the numbers
Country19952024
Japan0.031.8
Germany0.191.4
United States0.131
United Kingdom0.210.72
Switzerland0.160.55

Price

Implied price

The price per tonne rose 275% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $907,369

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$241,867
1996$315,483
1997$265,911
1998$280,912
1999$317,205
2000$214,990
2001$141,518
2002$322,617
2003$304,838
2004$456,972
2005$507,245
2006$469,091
2007$681,610
2008$960,552
2009$685,543
2010$1,084,985
2011$806,471
2012$1,049,854
2013$1,247,203
2014$866,495
2015$838,078
2016$392,331
2017$293,168
2018$499,405
2019$1,319,754
2020$1,176,235
2021$1,523,448
2022$1,560,462
2023$1,152,154
2024$907,369

What it includes

  • 2843 · Precious metal compounds

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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