HS Icon Silver in  Flag Mexico

2021
Exports | Imports
: $2.8B | $135M, World Rnk 4 / 150
Flag Rnk 34 / 1184 | World Rnk 24 / 179
Flag Rnk 368 / 1205

2020 - 2021
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $299M | $30.2M, United States |  United States

2021
ECONOMIC COMPLEXITY of Mexico
: 1.09, Rnk 23 / 131

2021
PRODUCT COMPLEXITY IN Silver
: -0.81, Rnk 775 / 1029

Exports In 2021, Mexico exported $2.8B in Silver, making it the 4th largest exporter of Silver in the world. At the same year, Silver was the 34th most exported product in Mexico. The main destination of Silver exports from Mexico are: United States ($2.36B), Japan ($249M), Canada ($139M), Switzerland ($22.9M), and Brazil ($22.8M).

The fastest growing export markets for Silver of Mexico between 2020 and 2021 were United States ($299M), Japan ($100M), and Canada ($68.4M).

Imports In 2021, Mexico imported $135M in Silver, becoming the 24th largest importer of Silver in the world. At the same year, Silver was the 368th most imported product in Mexico. Mexico imports Silver primarily from: United States ($112M), Peru ($9.96M), Japan ($4.9M), France ($2.84M), and Denmark ($1.28M).

The fastest growing import markets in Silver for Mexico between 2020 and 2021 were United States ($30.2M), Peru ($9.96M), and France ($876k).

Tariffs In 2017, the average tariff for Mexico in Silver was 2.75%. The countries with the highest import tariffs for Silver were Argentina (AR.PAR N° 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador MĂ©xico PanamĂĄ Paraguay PerĂș Uruguay Venezuela), 4%), Brazil (AR.PAR N° 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador MĂ©xico PanamĂĄ Paraguay PerĂș Uruguay Venezuela), 4%), Cuba (AR.PAR N° 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador MĂ©xico PanamĂĄ Paraguay PerĂș Uruguay Venezuela), 3.6%), Venezuela (AR.PAR N° 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador MĂ©xico PanamĂĄ Paraguay PerĂș Uruguay Venezuela), 3.6%), and Angola (Most Favoured Nation duty rate treatment, 3.33%).

Mar 2023

Subnational Monthly Trade

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Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Silver. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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EXPORTS (2021): $2.8B

IMPORTS (2021): $135M

NET TRADE (2021): $2.67B

In 2021, Mexico exported $2.8B in Silver. The main destinations of Mexico exports on Silver were United States ($2.36B), Japan ($249M), Canada ($139M), Switzerland ($22.9M), and Brazil ($22.8M).

In 2021, Mexico imported $135M in Silver, mainly from United States ($112M), Peru ($9.96M), Japan ($4.9M), France ($2.84M), and Denmark ($1.28M).

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Flow

THE FASTEST GROWING Silver EXPORT MARKETS FOR Mexico WERE (2020 - 2021):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silver BY Mexico WERE (2020 - 2021):

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Market Concentration

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In 2021, Mexico's main exporting competitors in Silver were:

In 2021, Mexico's main importing competitors in Silver were:

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