# Metals (HS4 7108) Trade Overview | Yugalinks

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Metals at HS4 7108, with reported global trade through 2024.

Canonical: https://www.yugalinks.com/trade/sector/hs4/7108

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## Answer

The metals subsector recorded $653.0B in reported global trade in 2024, with -3.9% annual change.

## Key figures

| Measure | Value |
| --- | --- |
| Latest reported trade | $653.0B |
| Latest annual change | -3.9% |
| Active exporters | 175 |
| Active importers | 180 |
| Active HS6 products | 3 |

## Annual trend

| Year | Global trade | Corridors | HS6 products |
| --- | ---: | ---: | ---: |
| 1995 | $24.3B | 1,194 | 3 |
| 1996 | $29.2B | 1,327 | 3 |
| 1997 | $33.2B | 1,335 | 3 |
| 1998 | $33.9B | 1,314 | 3 |
| 1999 | $22.4B | 1,401 | 3 |
| 2000 | $36.8B | 1,610 | 3 |
| 2001 | $38.5B | 1,719 | 3 |
| 2002 | $38.1B | 1,666 | 3 |
| 2003 | $49.1B | 1,801 | 3 |
| 2004 | $57.3B | 1,890 | 3 |
| 2005 | $62.8B | 1,839 | 3 |
| 2006 | $85.6B | 1,837 | 3 |
| 2007 | $102.3B | 1,909 | 3 |
| 2008 | $159.9B | 1,965 | 3 |
| 2009 | $164.0B | 2,029 | 3 |
| 2010 | $177.7B | 2,101 | 3 |
| 2011 | $286.2B | 2,146 | 3 |
| 2012 | $429.3B | 2,291 | 3 |
| 2013 | $494.3B | 2,247 | 3 |
| 2014 | $328.5B | 2,216 | 3 |
| 2015 | $320.4B | 2,258 | 3 |
| 2016 | $350.3B | 2,239 | 3 |
| 2017 | $335.4B | 2,300 | 3 |
| 2018 | $312.1B | 2,301 | 3 |
| 2019 | $329.7B | 2,479 | 3 |
| 2020 | $421.9B | 2,363 | 3 |
| 2021 | $436.2B | 2,372 | 3 |
| 2022 | $506.8B | 2,555 | 3 |
| 2023 | $558.8B | 2,563 | 3 |
| 2024 | $653.0B | 2,638 | 3 |

## Leading corridors

- Switzerland, Liechtenstein to China: $33.3B; growth +18.9%.
- Switzerland, Liechtenstein to India: $19.1B; growth -11.2%.
- Canada to United Kingdom: $17.1B; growth +22.6%.
- China, Hong Kong Special Administrative Region to China: $16.3B; growth +27.4%.
- United Arab Emirates to India: $14.5B; growth +28.9%.
- United Kingdom to Switzerland, Liechtenstein: $13.6B; growth -24%.
- United Arab Emirates to China, Hong Kong Special Administrative Region: $13.5B; growth +28.6%.
- United Arab Emirates to Switzerland, Liechtenstein: $12.1B; growth +18.6%.
- USA, Puerto Rico and US Virgin Islands to Switzerland, Liechtenstein: $10.7B; growth +4.7%.
- USA, Puerto Rico and US Virgin Islands to United Kingdom: $10.7B; growth +8.5%.

## HS6 products

- Metals: gold, non-monetary, powder (HS6 710811)
- Metals: gold, non-monetary, unwrought (but not powder) (HS6 710812)
- Metals: gold, semi-manufactured (HS6 710813)
- Gold, monetary (HS6 710820)

## Definitions and coverage

Merchandise trade observations aggregated to HS4. Growth, concentration, volatility, and peak comparisons calculated from reported observations. Missing values remain unavailable and are not imputed.

Reported observations cover 1995-2024.

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## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-27). [OECD Data Explorer](https://data-explorer.oecd.org/) · [OECD Terms & Conditions](https://www.oecd.org/termsandconditions/)
- CEPII BACI bilateral trade flows (202601): [dataset page](https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37) · [BACI documentation](https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html) · [Etalab 2.0 Open Licence](https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf)

This page presents derived Yugalinks views of reported observations and calculated indicators.