Latest trade
$653.0BGlobal subsector valueHS4 subsector intelligence
Metals
HS4 7108 trade overview
A focused view of this HS4 subsector: market scale, momentum, leading routes, countries, and the HS6 classifications inside it.
The numbers at a glanceLatest reported year · 2024
Annual change
-3.9%Latest year on yearExporters
175Active reporting countriesImporters
180Active reporting countriesHS6 products
3Classifications inside HS4The subsector read
$653.0B in trade, with +14.4% annualized growth over three years.
Metals is recorded across 2,638 active corridors, with 175 exporters and 180 importers.
Annual trend
Subsector momentum over time
Reported global trade from 1995 to 2024. Read the methodology ↗
Top trade corridors
Where the subsector moves
Leading exporter-to-importer relationships by latest reported value. See data sources ↗
Latest reported relationshipsTop 10 by trade value
| Rank | Exporter | Importer | Trade value | Growth | HS6 | Distance | FTA |
|---|---|---|---|---|---|---|---|
| 1 | Switzerland, LiechtensteinCHE | ChinaCHN | $33.3B | +18.9% | 3 | 9,034 km | Yes |
| 2 | Switzerland, LiechtensteinCHE | IndiaIND | $19.1B | -11.2% | 3 | 6,166 km | No |
| 3 | CanadaCAN | United KingdomGBR | $17.1B | +22.6% | 2 | 5,728 km | Yes |
| 4 | China, Hong Kong Special Administrative RegionHKG | ChinaCHN | $16.3B | +27.4% | 3 | 1,226 km | Yes |
| 5 | United Arab EmiratesARE | IndiaIND | $14.5B | +28.9% | 3 | 2,204 km | No |
| 6 | United KingdomGBR | Switzerland, LiechtensteinCHE | $13.6B | -24% | 2 | 777 km | Yes |
| 7 | United Arab EmiratesARE | China, Hong Kong Special Administrative RegionHKG | $13.5B | +28.6% | 3 | 5,962 km | No |
| 8 | United Arab EmiratesARE | Switzerland, LiechtensteinCHE | $12.1B | +18.6% | 2 | 4,768 km | No |
| 9 | USA, Puerto Rico and US Virgin IslandsUSA | Switzerland, LiechtensteinCHE | $10.7B | +4.7% | 2 | 6,339 km | No |
| 10 | USA, Puerto Rico and US Virgin IslandsUSA | United KingdomGBR | $10.7B | +8.5% | 3 | 5,585 km | No |
Market structure
Where supply and demand concentrate
Exporter and importer rankings show the two sides of the subsector separately. Check coverage ↗
| Rank | Country | Exports | Partners | HS6 |
|---|---|---|---|---|
| 1 | Switzerland, LiechtensteinCHE | $115.1B | 81 | 3 |
| 2 | United Arab EmiratesARE | $72.4B | 97 | 3 |
| 3 | CanadaCAN | $39.6B | 52 | 3 |
| 4 | China, Hong Kong Special Administrative RegionHKG | $35.4B | 35 | 3 |
| 5 | USA, Puerto Rico and US Virgin IslandsUSA | $31.1B | 105 | 3 |
| 6 | United KingdomGBR | $31.0B | 79 | 3 |
| 7 | South AfricaZAF | $29.9B | 45 | 3 |
| 8 | AustraliaAUS | $28.0B | 60 | 3 |
| 9 | JapanJPN | $19.7B | 55 | 3 |
| 10 | RussiaRUS | $17.1B | 15 | 3 |
| Rank | Country | Imports | Partners | HS6 |
|---|---|---|---|---|
| 1 | Switzerland, LiechtensteinCHE | $104.5B | 88 | 3 |
| 2 | ChinaCHN | $98.5B | 48 | 3 |
| 3 | United Arab EmiratesARE | $82.5B | 112 | 3 |
| 4 | United KingdomGBR | $77.0B | 55 | 3 |
| 5 | IndiaIND | $56.1B | 47 | 3 |
| 6 | China, Hong Kong Special Administrative RegionHKG | $43.9B | 51 | 3 |
| 7 | USA, Puerto Rico and US Virgin IslandsUSA | $27.1B | 85 | 3 |
| 8 | TurkeyTUR | $20.7B | 66 | 3 |
| 9 | SingaporeSGP | $19.1B | 46 | 3 |
| 10 | ThailandTHA | $15.1B | 46 | 3 |
HS6 product coverage
The products inside HS4 7108
Six-digit classifications make the subsector specific. Browse the product workspace ↗
4 classifications shownMetals
Metals: gold, non-monetary, powderHS6 710811
Metals: gold, non-monetary, unwrought (but not powder)HS6 710812
Metals: gold, semi-manufacturedHS6 710813
Gold, monetaryHS6 710820
Definitions and coverage
Read the numbers with context
Reported observations and calculated indicators should be read with their coverage period. Responsible AI principles ↗
Reported values
Trade values describe reported merchandise trade for the HS4 classification, not company-level sales or shipment records.
Calculated indicators
Growth, concentration, volatility, and peak comparisons are calculated from reported observations.
Missing data
Unavailable observations remain unavailable. They are not filled, interpolated, or presented as forecasts.
Coverage: 1995-2024 · Data refreshed 2026-07-20 09:34:09
Data source
OECD trade statistics with CEPII context
OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-27). OECD BIMTS is the primary trade series for this view. Supporting bilateral trade context uses CEPII BACI bilateral trade flows (202601) under Etalab 2.0 Open Licence. Yugalinks presents derived views of reported observations and calculated indicators. Data terms: OECD Terms & Conditions.