Silver in United States | The Observatory of Economic Complexity

About

Exports In 2022, United States exported $1.69B in Silver, making it the 5th largest exporter of Silver in the world. At the same year, Silver was the 185th most exported product in United States. The main destination of Silver exports from United States are: Canada ($755M), Mexico ($142M), United Kingdom ($106M), China ($75.6M), and India ($68.7M).

The fastest growing export markets for Silver of United States between 2021 and 2022 were United Kingdom ($62.3M), India ($38.7M), and Mexico ($30.3M).

Imports In 2022, United States imported $5.81B in Silver, becoming the 1st largest importer of Silver in the world. At the same year, Silver was the 106th most imported product in United States. United States imports Silver primarily from: Mexico ($2.03B), Canada ($878M), Turkey ($638M), Switzerland ($433M), and Kazakhstan ($330M).

The fastest growing import markets in Silver for United States between 2021 and 2022 were Turkey ($372M), Kazakhstan ($240M), and Canada ($96.3M).

COMPANIES In 2023, leading companies such as Amazon (2), At Home Procurement (1), and Panasonic (1) were at the forefront of shipping Silver to the United States.

Latest Trends

September 2024

About

Overview In September 2024 United States' Silver exports accounted up to $187M and imports accounted up to $488M, resulting in a negative trade balance of $301M. Between September 2023 and September 2024 the exports of United States' Silver have increased by $89M (90.8%) from $98M to $187M, while imports increased by $3.61M (0.74%) from $485M to $488M.

Destinations In September 2024, Silver were exported mostly to Canada ($114M), Mexico ($11.2M), France ($10.5M), China ($9.05M), and South Korea ($7.2M), and were imported mostly from Mexico ($249M), Canada ($115M), South Korea ($36.1M), Kazakhstan ($22.7M), and Sweden ($16.5M).

Growth In September 2024, the increase in Silver's year-by-year exports was explained primarily by an increase in exports to Canada ($17.2M or 18.8%), Singapore ($1.93M or 62.6%), and Germany ($998k or 66%). In September 2024, the increase in Silver's year-by-year imports was explained primarily by an increase in imports from Mexico ($14.4M or 6.76%), Turkey ($8.71M or 76.2%), and Chile ($7.14M or 62%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (September 2023 - September 2024)$89M(90.8%)

IMPORT GROWTH (September 2023 - September 2024)$3.61M(0.74%)

MAIN EXPORTER (September 2024)New York$85.1M

MAIN DESTINATION (September 2024)Canada$114M

This section shows Silver's exports and imports data at subnational level for United States. 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)$1.69B

IMPORTS (2022)$5.81B

NET TRADE (2022)-$4.12B

In 2022, United States exported $1.69B in Silver. The main destinations of United States exports on Silver were Canada ($755M), Mexico ($142M), United Kingdom ($106M), China ($75.6M), and India ($68.7M).

In 2022, United States imported $5.81B in Silver, mainly from Mexico ($2.03B), Canada ($878M), Turkey ($638M), Switzerland ($433M), and Kazakhstan ($330M).

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