Silver in United Kingdom 2020 Exports | Imports : $2.97B | $2.66B, World Rnk 1 / 141 Rnk 16 / 1216 | World Rnk 3 / 172 Rnk 33 / 1213
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $1.29B | $310M, Canada | Kazakhstan
2020 ECONOMIC COMPLEXITY of United Kingdom: 1.42, Rnk 13 / 127
2020 PRODUCT COMPLEXITY IN Silver: -0.67, Rnk 744 / 1029
Exports In 2020, United Kingdom exported $2.97B in Silver, making it the 1st largest exporter of Silver in the world. At the same year, Silver was the 16th most exported product in United Kingdom. The main destination of Silver exports from United Kingdom are: Canada ($1.4B), United States ($819M), Switzerland ($176M), Germany ($162M), and India ($145M).
The fastest growing export markets for Silver of United Kingdom between 2019 and 2020 were Canada ($1.29B), United States ($818M), and Switzerland ($153M).
Imports In 2020, United Kingdom imported $2.66B in Silver, becoming the 3rd largest importer of Silver in the world. At the same year, Silver was the 33rd most imported product in United Kingdom. United Kingdom imports Silver primarily from: Kazakhstan ($556M), Poland ($503M), Sweden ($253M), Russia ($236M), and Hong Kong ($232M).
The fastest growing import markets in Silver for United Kingdom between 2019 and 2020 were Kazakhstan ($310M), Hong Kong ($232M), and China ($142M).
October 2022
Overview In October 2022 United Kingdom's Silver exports accounted up to £486M and imports accounted up to £158M, resulting in a positive trade balance of £327M. Between October 2021 and October 2022 the exports of United Kingdom's Silver have increased by £114M (30.5%) from £372M to £486M, while imports increased by £33.6M (27%) from £125M to £158M.
Destinations In October 2022, Silver were exported mostly to India (£222M), Switzerland (£73M), Turkey (£60.2M), Germany (£39.2M), and Italy (£37.5M), and were imported mostly from Canada (£41.9M), Poland (£22.8M), Kazakhstan (£21.9M), Spain (£16.4M), and Switzerland (£12.2M).
Growth In October 2022, the increase in Silver's year-by-year exports was explained primarily by an increase in exports to Canada (£92.1M or 1.17k%), Switzerland (£32.1M or 693%), and France (£30.6k or 3.14%). In October 2022, the increase in Silver's year-by-year imports was explained primarily by an increase in imports from China (£258M or 1.52M%), India (£42.3M or 480k%), and Russia (£12.9M or 257%).
EXPORT GROWTH (October 2021 - October 2022): £114M, (30.5%)
IMPORT GROWTH (October 2021 - October 2022): £33.6M, (27%)
MAIN EXPORTER (October 2022): London Heathrow Airport, £241M
MAIN DESTINATION (October 2022): India, £222M
This section shows Silver's exports and imports data at subnational level for United Kingdom. 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 (2020): $2.97B
IMPORTS (2020): $2.66B
NET TRADE (2020): $307M
In 2020, United Kingdom exported $2.97B in Silver. The main destinations of United Kingdom exports on Silver were Canada ($1.4B), United States ($819M), Switzerland ($176M), Germany ($162M), and India ($145M).
In 2020, United Kingdom imported $2.66B in Silver, mainly from Kazakhstan ($556M), Poland ($503M), Sweden ($253M), Russia ($236M), and Hong Kong ($232M).
THE FASTEST GROWING Silver EXPORT MARKETS FOR United Kingdom WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silver BY United Kingdom WERE (2019 - 2020):
In 2020, United Kingdom's main exporting competitors in Silver were:
In 2020, United Kingdom's main importing competitors in Silver were:
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