Silver in Spain | The Observatory of Economic Complexity

About

Exports In 2022, Spain exported $426M in Silver, making it the 20th largest exporter of Silver in the world. At the same year, Silver was the 208th most exported product in Spain. The main destination of Silver exports from Spain are: United Kingdom ($302M), Netherlands ($59.9M), Italy ($17.1M), France ($15.1M), and Germany ($5.63M).

The fastest growing export markets for Silver of Spain between 2021 and 2022 were United Kingdom ($55.9M), Netherlands ($50.4M), and France ($4.7M).

Imports In 2022, Spain imported $428M in Silver, becoming the 16th largest importer of Silver in the world. At the same year, Silver was the 209th most imported product in Spain. Spain imports Silver primarily from: United Kingdom ($243M), Italy ($108M), Germany ($41.8M), France ($18.1M), and South Korea ($5.98M).

The fastest growing import markets in Silver for Spain between 2021 and 2022 were United Kingdom ($168M), Netherlands ($760k), and Portugal ($513k).

Latest Trends

October 2024

About

Overview In October 2024 Spain's Silver exports accounted up to €19.6M and imports accounted up to €7.48M, resulting in a positive trade balance of €12.1M. Between October 2023 and October 2024 the exports of Spain's Silver have decreased by €-8.95M (-31.3%) from €28.6M to €19.6M, while imports increased by €372k (5.24%) from €7.11M to €7.48M.

Destinations In October 2024, Silver were exported mostly to United Kingdom (€13.7M), Italy (€2M), France (€1.08M), Netherlands (€632k), and Switzerland (€424k), and were imported mostly from Germany (€3.14M), Italy (€2.24M), Turkey (€726k), United States (€568k), and South Korea (€535k).

Growth In October 2024, the decrease in Silver's year-by-year exports was explained primarily by a decrease in exports to United Kingdom (€-6.72M or -26.4%), Slovakia (€-209k or -80.3%), and Germany (€-117k or -21.2%). In October 2024, the increase in Silver's year-by-year imports was explained primarily by an increase in imports from United Kingdom (€21.3M or 97.2%), Germany (€1.26M or 89.1%), and France (€141k or 75.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (October 2023 - October 2024)€-8.95M(-31.3%)

IMPORT GROWTH (October 2023 - October 2024)€372k(5.24%)

MAIN EXPORTER (October 2024)Madrid€25M

MAIN DESTINATION (October 2024)United Kingdom€13.7M

This section shows Silver's exports and imports data at subnational level for Spain. 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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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$426M

IMPORTS (2022)$428M

NET TRADE (2022)-$2.04M

In 2022, Spain exported $426M in Silver. The main destinations of Spain exports on Silver were United Kingdom ($302M), Netherlands ($59.9M), Italy ($17.1M), France ($15.1M), and Germany ($5.63M).

In 2022, Spain imported $428M in Silver, mainly from United Kingdom ($243M), Italy ($108M), Germany ($41.8M), France ($18.1M), and South Korea ($5.98M).

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