Silver (including silver plated with gold or platinum); unwrought or in semi-manufactured forms, or in powder form

7106 (Harmonized System 1992 for 4-digit)

About

Overview This page contains the latest trade data of Silver. In 2021, Silver were the world's 118th most traded product, with a total trade of $37.3B. Between 2020 and 2021 the exports of Silver grew by 44.9%, from $25.8B to $37.3B. Trade in Silver represent 0.18% of total world trade.

Silver are a part of Precious stones, metals, & pearls. They include Silver in unwrought forms, Silver semi-manufactured including gold/platinum plat, and Silver powder.

Exports In 2021 the top exporters of Silver  were Hong Kong ($5.39B), China ($4.28B), United Kingdom ($2.97B), Mexico ($2.8B), and United States ($2.63B).

Imports In 2021 the top importers of Silver were United Kingdom ($6.33B), United States ($6.01B), Canada ($4.76B), Hong Kong ($4.05B), and India ($1.99B).

Ranking Silver ranks 841st in the Product Complexity Index (PCI).

Description Silver is a metal that is used in jewelry, coins, and other products. It's also used in the production of some industrial goods.

Latest Data

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Y-AXIS SCALE

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

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

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

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Historical Data

Exporters and Importers

Top Origin (2021)Hong Kong$5.39B
Top Destination (2021)United Kingdom$6.33B

In 2021 Silver were the world's 118th most traded product (out of 1,217).

In 2021, the top exporters of Silver were Hong Kong ($5.39B), China ($4.28B), United Kingdom ($2.97B), Mexico ($2.8B), and United States ($2.63B).

In 2021, the top importers of Silver were United Kingdom ($6.33B), United States ($6.01B), Canada ($4.76B), Hong Kong ($4.05B), and India ($1.99B).

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Exporters of Silver (2021)
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Importers of Silver (2021)
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Market Dynamics

Color
Top Origin Growth (2020 -  2021)Hong Kong$4.03B
Top Destination Growth (2020 -  2021)United Kingdom$3.67B

Between 2020 and 2021, the exports of Silver grew the fastest in Hong Kong ($4.03B), China ($1.32B), Switzerland ($1.02B), Chinese Taipei ($885M), and United States ($740M).

Between 2020 and 2021, the fastest growing importers of Silver were United Kingdom ($3.67B), Canada ($1.35B), Hong Kong ($1.17B), India ($843M), and Germany ($730M).

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Exporters of Silver (2020 - 2021)

Importers of Silver (2020 - 2021)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Silver.

In 2021, market concentration measured using Shannon Entropy, was 4.4. This means that most of the exports of Silver are explained by 21 countries.

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Value of Exports in Silver

Net Trade

TOP NET EXPORTER (2021)Mexico$2.67B
TOP NET IMPORTER (2021)Canada$3.93B

This map shows which countries export or import more of Silver. Each country is colored based on the difference in exports and imports of Silver during 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Silver were Mexico ($2.67B), China ($2.59B), South Korea ($1.85B), Hong Kong ($1.35B), and Kazakhstan ($1.11B).

In 2021, the countries that had a largest trade value in imports than in exports of Silver were Canada ($3.93B), United States ($3.37B), United Kingdom ($3.36B), India ($1.38B), and Thailand ($603M).

Net Trade (2021)

Disaggregation

Value

In 2021, the world most traded Silver, disaggragated by their HS6 level were Silver in unwrought forms ($28.1B), Silver semi-manufactured including gold/platinum plat ($6.6B), and Silver powder ($2.63B)

HS6 Disaggregation for Silver (2021)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Silver.
It is possible to select the main countries that export or import Silver in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Silver by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2021)

Country by Relatedness

The following visualization shows the relatedness of Silver to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2021)

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