Silver in Canada 2021 Exports | Imports : $829M | $4.76B, World Rnk 13 / 150 Rnk 97 / 1212 | World Rnk 3 / 179 Rnk 12 / 1214
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $1.75M | $659M, Japan | United States
2021 ECONOMIC COMPLEXITY of Canada: 0.9, Rnk 32 / 131
2021 PRODUCT COMPLEXITY IN Silver: -1.03, Rnk 839 / 1024
Exports In 2021, Canada exported $829M in Silver, making it the 13th largest exporter of Silver in the world. At the same year, Silver was the 97th most exported product in Canada. The main destination of Silver exports from Canada are: United States ($782M), Germany ($23M), Singapore ($9.8M), Japan ($3.12M), and Hong Kong ($2.68M).
The fastest growing export markets for Silver of Canada between 2020 and 2021 were Japan ($1.75M), Germany ($1.14M), and Australia ($963k).
Imports In 2021, Canada imported $4.76B in Silver, becoming the 3rd largest importer of Silver in the world. At the same year, Silver was the 12th most imported product in Canada. Canada imports Silver primarily from: United States ($1.76B), United Kingdom ($1.23B), Chinese Taipei ($392M), Kazakhstan ($362M), and Germany ($274M).
The fastest growing import markets in Silver for Canada between 2020 and 2021 were United States ($659M), Kazakhstan ($342M), and Chinese Taipei ($332M).
May 2023
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%).
EXPORT GROWTH (May 2022 - May 2023): C$190M, (283%)
IMPORT GROWTH (May 2022 - May 2023): C$166M, (33.4%)
MAIN EXPORTER (May 2023): Ontario, C$134M
MAIN DESTINATION (May 2023): United States, C$253M
This section shows Silver's exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Silver over time.
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EXPORTS (2021): $829M
IMPORTS (2021): $4.76B
NET TRADE (2021): -$3.93B
In 2021, Canada exported $829M in Silver. The main destinations of Canada exports on Silver were United States ($782M), Germany ($23M), Singapore ($9.8M), Japan ($3.12M), and Hong Kong ($2.68M).
In 2021, Canada imported $4.76B in Silver, mainly from United States ($1.76B), United Kingdom ($1.23B), Chinese Taipei ($392M), Kazakhstan ($362M), and Germany ($274M).
In 2021, Canada's main exporting competitors in Silver were:
In 2021, Canada's main importing competitors in Silver were:
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