Overview In May 2023 Canada's Silver exports accounted up to C$257M and imports accounted up to C$665M, resulting in a negative trade balance of C$407M. Between May 2022 and May 2023 the exports of Canada's Silver have increased by C$190M (283%) from C$67.2M to C$257M, while imports increased by C$166M (33.4%) from C$498M to C$665M.
Destinations In May 2023, Silver were exported mostly to United States (C$253M), Germany (C$3.85M), Poland (C$275k), United States Minor Outlying Islands (C$120k), and China (C$24.8k), and were imported mostly from Canada (C$164M), Taiwan (C$157M), South Korea (C$80.7M), United Kingdom (C$61.9M), and Germany (C$45.2M).
Growth In May 2023, the increase in Silver's year-by-year exports was explained primarily by an increase in exports to Australia (C$29.5k or 34.7%), Vietnam (C$8.01k or 823%), and South Korea (C$7.65k or 468%). In May 2023, the increase in Silver's year-by-year imports was explained primarily by an increase in imports from United States (C$37.2M or 94.5%), United Kingdom (C$35.7M or 176%), and Mexico (C$26.1M or 1.06M%).