Latest trade
$41.7BGlobal subsector valueHS4 subsector intelligence
Metals
HS4 7110 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
-1.9%Latest year on yearExporters
133Active reporting countriesImporters
144Active reporting countriesHS6 products
8Classifications inside HS4The subsector read
$41.7B in trade, with -21.2% annualized growth over three years.
Metals is recorded across 1,557 active corridors, with 133 exporters and 144 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 | South AfricaZAF | JapanJPN | $3.2B | -22.6% | 8 | 13,538 km | No |
| 2 | South AfricaZAF | USA, Puerto Rico and US Virgin IslandsUSA | $2.4B | -19.8% | 8 | 12,833 km | No |
| 3 | South AfricaZAF | United KingdomGBR | $2.1B | -24.1% | 8 | 9,039 km | Yes |
| 4 | South AfricaZAF | ChinaCHN | $1.8B | -26% | 6 | 11,775 km | No |
| 5 | United Arab EmiratesARE | IndiaIND | $1.7B | +432.3% | 3 | 2,204 km | No |
| 6 | South AfricaZAF | GermanyDEU | $1.3B | -16.3% | 8 | 8,837 km | Yes |
| 7 | China, Hong Kong Special Administrative RegionHKG | ChinaCHN | $1.1B | +31.9% | 8 | 1,226 km | Yes |
| 8 | United KingdomGBR | The former Yugoslav Republic of MacedoniaMKD | $1.0B | -8.6% | 2 | 1,946 km | Yes |
| 9 | United KingdomGBR | USA, Puerto Rico and US Virgin IslandsUSA | $993.1M | -9.8% | 8 | 5,585 km | No |
| 10 | RussiaRUS | USA, Puerto Rico and US Virgin IslandsUSA | $877.7M | -23.6% | 1 | 7,531 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 | South AfricaZAF | $12.2B | 39 | 8 |
| 2 | United KingdomGBR | $4.3B | 66 | 8 |
| 3 | RussiaRUS | $3.8B | 12 | 8 |
| 4 | GermanyDEU | $3.2B | 80 | 8 |
| 5 | USA, Puerto Rico and US Virgin IslandsUSA | $3.2B | 85 | 8 |
| 6 | ItalyITA | $2.3B | 69 | 8 |
| 7 | BelgiumBEL | $1.8B | 35 | 8 |
| 8 | United Arab EmiratesARE | $1.7B | 32 | 8 |
| 9 | China, Hong Kong Special Administrative RegionHKG | $1.6B | 28 | 8 |
| 10 | JapanJPN | $1.5B | 45 | 8 |
| Rank | Country | Imports | Partners | HS6 |
|---|---|---|---|---|
| 1 | USA, Puerto Rico and US Virgin IslandsUSA | $6.3B | 50 | 8 |
| 2 | ChinaCHN | $4.9B | 33 | 8 |
| 3 | JapanJPN | $4.7B | 29 | 8 |
| 4 | GermanyDEU | $4.5B | 94 | 8 |
| 5 | United KingdomGBR | $4.5B | 44 | 8 |
| 6 | China, Hong Kong Special Administrative RegionHKG | $2.7B | 27 | 8 |
| 7 | Switzerland, LiechtensteinCHE | $2.5B | 43 | 8 |
| 8 | IndiaIND | $2.5B | 29 | 8 |
| 9 | ItalyITA | $1.9B | 45 | 8 |
| 10 | Republic of KoreaKOR | $1.1B | 26 | 8 |
HS6 product coverage
The products inside HS4 7110
Six-digit classifications make the subsector specific. Browse the product workspace ↗
8 classifications shownMetals
Metals: platinum, unwrought or in powder formHS6 711011
Metals: platinum, semi-manufacturedHS6 711019
Metals: palladium, unwrought or in powder formHS6 711021
Metals: palladium, semi-manufacturedHS6 711029
Metals: rhodium, unwrought or in powder formHS6 711031
Metals: rhodium, semi-manufacturedHS6 711039
Metals: iridium, osmium, ruthenium, unwrought or in powder formHS6 711041
Metals: iridium, osmium, ruthenium, semi-manufacturedHS6 711049
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.