International Metals Trade Statistics
In 2021, Metals were the world’s 5th most traded product, with a total trade of $1.63T. Between 2020 and 2021 the exports of Metals grew by 41.6%, from $1.15T to $1.63T. Trade in Metals represent 0.077% of total world trade.
Metals include Refined Copper, Hot-Rolled Iron, Raw Aluminium, Coated Flat-Rolled Iron, Other Iron Products, Iron Structures, Scrap Iron, Iron Fasteners, Large Flat-Rolled Stainless Steel, and Semi-Finished Iron, among others.
EXPORTSIn 2021 the top exporters of Metals were China ($259B), Germany ($125B), United States ($73.8B), Japan ($68.9B), and Italy ($61.1B).
IMPORTSIn 2021 the top importers of Metals were United States ($170B), China ($141B), Germany ($119B), Italy ($61B), and France ($53.9B).
TARIFFSIn 2018 the average tariff for Metals was 6.52%, making it the 16th lowest tariff using the Section product classification.
RANKINGMetals ranks 12th in the Product Complexity Index (PCI).
Source: OEC World