2023
Exports
$2.32MWorld Rnk 65 / 136
Flag Rnk 508 / 1148
2023
PRODUCT COMPLEXITY IN Silver
-0.85Rnk 794 / 1025
2023
Imports
$13.1MWorld Rnk 43 / 179
Flag Rnk 711 / 1206
2023
ECONOMIC COMPLEXITY of Saudi Arabia
0.76Rnk 36 / 132

About

Exports In 2023, Saudi Arabia exported $2.32M in Silver, making it the 65th largest exporter of Silver in the world. At the same year, Silver was the 508th most exported product in Saudi Arabia. The main destination of Silver exports from Saudi Arabia are: Switzerland ($1.66M), India ($356k), Germany ($177k), United Arab Emirates ($123k), and Oman ($5.08k).

The fastest growing export markets for Silver of Saudi Arabia between 2022 and 2023 were India ($356k), Portugal ($555), and Egypt ($145).

Imports In 2023, Saudi Arabia imported $13.1M in Silver, becoming the 43rd largest importer of Silver in the world. At the same year, Silver was the 711th most imported product in Saudi Arabia. Saudi Arabia imports Silver primarily from: United Arab Emirates ($9.41M), Norway ($956k), United States ($763k), Italy ($745k), and Switzerland ($453k).

The fastest growing import markets in Silver for Saudi Arabia between 2022 and 2023 were United Arab Emirates ($1.46M), Norway ($443k), and Italy ($198k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
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

Trade Balance

Color
EXPORTS (2023)$2.32M
IMPORTS (2023)$13.1M
NET TRADE (2023)-$10.8M

In 2023, Saudi Arabia exported $2.32M in Silver. The main destinations of Saudi Arabia exports on Silver were Switzerland ($1.66M), India ($356k), Germany ($177k), United Arab Emirates ($123k), and Oman ($5.08k).

In 2023, Saudi Arabia imported $13.1M in Silver, mainly from United Arab Emirates ($9.41M), Norway ($956k), United States ($763k), Italy ($745k), and Switzerland ($453k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Silver EXPORT MARKETS FOR Saudi Arabia WERE (2022 - 2023):
India$356k (1%)
Portugal$555 (1%)
Egypt$145 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silver BY Saudi Arabia WERE (2022 - 2023):
Switzerland-$988k (-37.3%)
Germany-$671k (-79.1%)
United Arab Emirates-$43.7k (-26.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Saudi Arabia's main exporting competitors in Silver were:
In 2023, Saudi Arabia's main importing competitors in Silver were:

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Trade Value of Silver by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $733k
TOP IMPORT POTENTIALSwitzerland+ $1.37M

Silver’s highest export potential is Germany. With an export gap of $733k.   Silver’s highest import potential is Switzerland with an import gap of $1.37M.

See methodology.

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