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710691 (Harmonized System 1992 for 6-digit)

2023
World Trade $21.3BRnk 153 / 4644
2023
Top Exporter | Top Importer $3.77B | $4.43BChina | United States
2023
Product Complexity -0.74Rnk 3537 / 4656
2022 - 2023
Export Growth (CAGR) 10.5%Rnk 654 / 4644
2023
Share of World Trade 0.094%Rnk 153 / 4644

About

Overview This page contains the latest trade data of Silver in unwrought forms. In 2023, Silver in unwrought forms were the world's 153rd most traded product, with a total trade of $21.3B. Between 2022 and 2023 the exports of Silver in unwrought forms grew by 10.5%, from $19.2B to $21.3B. Trade in Silver in unwrought forms represent 0.094% of total world trade.

Silver in unwrought forms are a part of Silver.

Exports In 2023 the top exporters of Silver in unwrought forms  were China ($3.77B), Mexico ($2.69B), South Korea ($1.55B), Hong Kong ($1.48B), and Switzerland ($1.37B).

Imports In 2023 the top importers of Silver in unwrought forms were United States ($4.43B), United Kingdom ($3.08B), Hong Kong ($2.77B), Canada ($1.88B), and Switzerland ($1.18B).

Ranking Silver in unwrought forms ranks 3537th in the Product Complexity Index (PCI).

Description Silver is a precious metal that is often used in art and jewelry. It is also used in electronics and as a form of currency.

Latest Trends

Latest Data

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Y-AXIS SCALE

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

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

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)China$3.77B
Top Destination (2023)United States$4.43B

In 2023 Silver in unwrought forms were the world's 153rd most traded product (out of 4,644).

In 2023, the top exporters of Silver in unwrought forms were China ($3.77B), Mexico ($2.69B), South Korea ($1.55B), Hong Kong ($1.48B), and Switzerland ($1.37B).

In 2023, the top importers of Silver in unwrought forms were United States ($4.43B), United Kingdom ($3.08B), Hong Kong ($2.77B), Canada ($1.88B), and Switzerland ($1.18B).

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Exporters of Silver in unwrought forms (2023)
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Importers of Silver in unwrought forms (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$961M
Top Destination Growth (2022 -  2023)United Kingdom$1.39B

Between 2022 and 2023, the exports of Silver in unwrought forms grew the fastest in China ($961M), United Arab Emirates ($623M), Hong Kong ($309M), Chinese Taipei ($284M), and Germany ($263M).

Between 2022 and 2023, the fastest growing importers of Silver in unwrought forms were United Kingdom ($1.39B), United States ($540M), India ($538M), United Arab Emirates ($495M), and Hong Kong ($311M).

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Exporters of Silver in unwrought forms (2022 - 2023)

Importers of Silver in unwrought forms (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Silver in unwrought forms.

In 2023, market concentration measured using Shannon Entropy, was 4.35. This means that most of the exports of Silver in unwrought forms are explained by 20 countries.

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Value of Exports in Silver in unwrought forms

Net Trade

TOP NET EXPORTER (2023)China$3.69B
TOP NET IMPORTER (2023)United States$4.08B

This map shows which countries export or import more of Silver in unwrought forms. Each country is colored based on the difference in exports and imports of Silver in unwrought forms during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Silver in unwrought forms were China ($3.69B), Mexico ($2.67B), South Korea ($1.54B), Poland ($805M), and Kazakhstan ($692M).

In 2023, the countries that had a largest trade value in imports than in exports of Silver in unwrought forms were United States ($4.08B), United Kingdom ($2.38B), Hong Kong ($1.28B), Canada ($1.1B), and Japan ($790M).

Net Trade (2023)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Silver in unwrought forms 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 (2023)

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