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

August 2024

About

Overview In August 2024 United States' Silver exports accounted up to $125M and imports accounted up to $383M, resulting in a negative trade balance of $259M. Between August 2023 and August 2024 the exports of United States' Silver have decreased by $-9.97M (-7.41%) from $134M to $125M, while imports decreased by $-180M (-32%) from $564M to $383M.

Destinations In August 2024, Silver were exported mostly to Canada ($44.7M), Mexico ($14.7M), China ($11.1M), Chinese Taipei ($7.09M), and Switzerland ($6.57M), and were imported mostly from Mexico ($196M), South Korea ($54.7M), Canada ($40.2M), Switzerland ($19M), and Belgium ($17.9M).

Growth In August 2024, the decrease in Silver's year-by-year exports was explained primarily by a decrease in exports to Japan ($-4.03M or -68.8%), China ($-3.41M or -39.3%), and Chinese Taipei ($-3.38M or -54.4%). In August 2024, the decrease in Silver's year-by-year imports was explained primarily by a decrease in imports from Canada ($-28.2M or -25.6%), United Kingdom ($-13.8M or -96.2%), and South Korea ($-12.4M or -26.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2023 - August 2024)$-9.97M(-7.41%)

IMPORT GROWTH (August 2023 - August 2024)$-180M(-32%)

MAIN EXPORTER (August 2024)New York$50.2M

MAIN DESTINATION (August 2024)Canada$44.7M

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.

For full datasets download visit Bulk Download page.

Go to Bulk Download

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).

Explore Visualizations