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261610 (Harmonized System 1992 for 6-digit)

2023
World Trade $3.85BRnk 924 / 4644
2023
Top Exporter | Top Importer $1.36B | $3.02BMexico | China
2023
Product Complexity -1.67Rnk 4372 / 4656
2022 - 2023
Export Growth (CAGR) 0.41%Rnk 1507 / 4644
2023
Share of World Trade 0.017%Rnk 924 / 4644

About

Overview This page contains the latest trade data of Silver ores and concentrates. In 2023, Silver ores and concentrates were the world's 924th most traded product, with a total trade of $3.85B. Between 2022 and 2023 the exports of Silver ores and concentrates grew by 0.41%, from $3.84B to $3.85B. Trade in Silver ores and concentrates represent 0.017% of total world trade.

Silver ores and concentrates are a part of Precious Metal Ore.

Exports In 2023 the top exporters of Silver ores and concentrates  were Mexico ($1.36B), Bolivia ($860M), Peru ($477M), United States ($151M), and Argentina ($125M).

Imports In 2023 the top importers of Silver ores and concentrates were China ($3.02B), South Korea ($228M), Japan ($148M), Peru ($98.5M), and Germany ($76.3M).

Ranking Silver ores and concentrates ranks 4372nd in the Product Complexity Index (PCI).

Description Silver ores are used in the production of silver metal, while silver concentrates are used in the production of precious metal alloys.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Silver ores and concentrates. 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)Mexico$1.36B
Top Destination (2023)China$3.02B

In 2023 Silver ores and concentrates were the world's 924th most traded product (out of 4,644).

In 2023, the top exporters of Silver ores and concentrates were Mexico ($1.36B), Bolivia ($860M), Peru ($477M), United States ($151M), and Argentina ($125M).

In 2023, the top importers of Silver ores and concentrates were China ($3.02B), South Korea ($228M), Japan ($148M), Peru ($98.5M), and Germany ($76.3M).

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Exporters of Silver ores and concentrates (2023)
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Importers of Silver ores and concentrates (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Mexico$188M
Top Destination Growth (2022 -  2023)China$369M

Between 2022 and 2023, the exports of Silver ores and concentrates grew the fastest in Mexico ($188M), Bolivia ($172M), Malaysia ($89.5M), United States ($51.1M), and Argentina ($42.1M).

Between 2022 and 2023, the fastest growing importers of Silver ores and concentrates were China ($369M), Peru ($71.7M), Finland ($26.5M), Belgium ($5.49M), and Australia ($2.99M).

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Exporters of Silver ores and concentrates (2022 - 2023)

Importers of Silver ores and concentrates (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Silver ores and concentrates.

In 2023, market concentration measured using Shannon Entropy, was 3.17. This means that most of the exports of Silver ores and concentrates are explained by 8 countries.

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Value of Exports in Silver ores and concentrates

Net Trade

TOP NET EXPORTER (2023)Mexico$1.36B
TOP NET IMPORTER (2023)China$2.99B

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

In 2023, the countries that had a largest trade value in exports than in imports of Silver ores and concentrates were Mexico ($1.36B), Bolivia ($860M), Peru ($379M), United States ($150M), and Argentina ($125M).

In 2023, the countries that had a largest trade value in imports than in exports of Silver ores and concentrates were China ($2.99B), South Korea ($228M), Japan ($148M), Germany ($76.2M), and Belgium ($73.1M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Silver ores and concentrates 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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