In 2023, Australia led global exports of precious metal ores and concentrates with a substantial share of 35.9%, followed by Russia at 21.32% and Bulgaria at 11.17%. Countries like the United States, Canada, and Kyrgyzstan contributed moderate shares, with year-on-year growth observed in Canada and Kyrgyzstan, surpassing 6%. Notably, Malaysia showed the highest growth rate in 2023, increasing by 11.08%, while Kazakhstan, Zimbabwe, and Armenia experienced declines. The sector's 5-year CAGR varies per country, reflecting broader trends of rising export shares in some regions and contractions in others.
Looking ahead, growth may be driven by enhanced mining technologies and increased demand, particularly in environmental and technological sectors. Countries with strong investment in sustainable mining practices could see more significant gains in export shares. Monitoring geopolitical issues, regulatory changes, and emerging markets will be vital for assessing future shifts in this sector.
Top countries in Export of Precious Metal Ores and Concentrates Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Australia | 35.9 | 2023 | +2.87% | +5% | View data |
| 2 | 2 Russia | 21.32 | 2023 | +4.44% | +4.47% | View data |
| 3 | 3 Bulgaria | 11.17 | 2023 | +1.14% | -0.54% | View data |
| 4 | 4 United States | 5.87 | 2023 | +1.6% | +0.051% | View data |
| 5 | 5 Canada | 4.94 | 2023 | +5.44% | +6.46% | View data |
| 6 | 6 Kyrgyzstan | 4.91 | 2023 | +5.48% | +6.75% | View data |
| 7 | 7 Ecuador | 2.63 | 2023 | +5.29% | +4.98% | View data |
| 8 | 8 Spain | 2.15 | 2023 | +3.89% | +4.05% | View data |
| 9 | 9 South Africa | 2.15 | 2023 | -10.44% | +3.79% | View data |
| 10 | 10 Sweden | 2 | 2023 | +2.55% | +3.92% | View data |
