In 2023, Romania led the European precious metals trade balance with a substantial surplus of 1.65 million metric tons. Germany and Belgium followed with much smaller surpluses. The remaining countries either balanced or incurred deficits, with Greece experiencing the largest deficit at -0.16085 million metric tons. Over the previous year, Romania saw a significant 1.89% reduction in its surplus, while Belgium experienced an 8.31% decline, indicating shifting dynamics in regional trade flows.
Future trends to watch include:
- Impact of global economic shifts on precious metals demand and supply.
- Technological advancements in precious metals recovery and recycling.
- Policy changes affecting trade regimes within the EU and with third countries.
Top countries in Precious Metals Trade Balance by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Romania | 1,650 | 2023 | +11.09% | -1.89% | View data |
| 2 | 2 Germany | 134.72 | 2023 | +1.37% | View data | |
| 3 | 3 Belgium | 120.84 | 2023 | +6.74% | -8.31% | View data |
| 4 | 4 Bulgaria | 27.71 | 2023 | +3.99% | View data | |
| 5 | 5 Sweden | 17.66 | 2023 | +3.52% | View data | |
| 6 | 6 Italy | 3.24 | 2023 | +6.62% | View data | |
| 7 | 7 Austria | 0.44 | 2023 | +9.95% | View data | |
| 8 | 8 Malta | 0.2 | 2023 | -127.93% | View data | |
| 9 | 9 Denmark | 0.12 | 2023 | 0% | View data | |
| 10 | 10 Latvia | 0.049 | 2023 | +880% | View data |
