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711411 (Harmonized System 1992 for 6-digit)

2022
World Trade $291MRnk 3438 / 4648
2022
Top Exporter | Top Importer $63.5M | $51MChina | United States
2022
Product Complexity 0.047Rnk 2455 / 4653
2021 - 2022
Export Growth (CAGR) 8.3%Rnk 1804 / 4648
2022
Share of World Trade 0.0012%Rnk 3438 / 4648

About

Overview This page contains the latest trade data of Silver wares, silver ware plated with precious metal. In 2022, Silver wares, silver ware plated with precious metal were the world's 3438th most traded product, with a total trade of $291M. Between 2021 and 2022 the exports of Silver wares, silver ware plated with precious metal grew by 8.3%, from $268M to $291M. Trade in Silver wares, silver ware plated with precious metal represent 0.0012% of total world trade.

Silver wares, silver ware plated with precious metal are a part of Metal-Clad Products.

Exports In 2022 the top exporters of Silver wares, silver ware plated with precious metal  were China ($63.5M), Italy ($40.3M), Turkey ($34.3M), Estonia ($18.4M), and Germany ($14.7M).

Imports In 2022 the top importers of Silver wares, silver ware plated with precious metal were United States ($51M), Hong Kong ($38.2M), Israel ($20.1M), Switzerland ($19.7M), and Sweden ($18.5M).

Ranking Silver wares, silver ware plated with precious metal ranks 2455th in the Product Complexity Index (PCI).

Description Silver wares are often plated with another metal for decorative purposes. The use of silver has declined due to the introduction of cheaper, silver-bearing alloys, but it remains a popular metal for plating with other metals.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Silver wares, silver ware plated with precious metal. 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 (2022)China$63.5M
Top Destination (2022)United States$51M

In 2022 Silver wares, silver ware plated with precious metal were the world's 3438th most traded product (out of 4,648).

In 2022, the top exporters of Silver wares, silver ware plated with precious metal were China ($63.5M), Italy ($40.3M), Turkey ($34.3M), Estonia ($18.4M), and Germany ($14.7M).

In 2022, the top importers of Silver wares, silver ware plated with precious metal were United States ($51M), Hong Kong ($38.2M), Israel ($20.1M), Switzerland ($19.7M), and Sweden ($18.5M).

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Exporters of Silver wares, silver ware plated with precious metal (2022)
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Importers of Silver wares, silver ware plated with precious metal (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$14.3M
Top Destination Growth (2021 -  2022)United States$8.98M

Between 2021 and 2022, the exports of Silver wares, silver ware plated with precious metal grew the fastest in China ($14.3M), Estonia ($5.96M), Italy ($5.81M), Turkey ($4.02M), and United States ($3.65M).

Between 2021 and 2022, the fastest growing importers of Silver wares, silver ware plated with precious metal were United States ($8.98M), Malaysia ($6.18M), New Zealand ($6.14M), Hong Kong ($5.99M), and Sweden ($5.95M).

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Exporters of Silver wares, silver ware plated with precious metal (2021 - 2022)

Importers of Silver wares, silver ware plated with precious metal (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Silver wares, silver ware plated with precious metal.

In 2022, market concentration measured using Shannon Entropy, was 4.07. This means that most of the exports of Silver wares, silver ware plated with precious metal are explained by 16 countries.

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Value of Exports in Silver wares, silver ware plated with precious metal

Net Trade

TOP NET EXPORTER (2022)China$59.9M
TOP NET IMPORTER (2022)United States$37.7M

This map shows which countries export or import more of Silver wares, silver ware plated with precious metal. Each country is colored based on the difference in exports and imports of Silver wares, silver ware plated with precious metal during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Silver wares, silver ware plated with precious metal were China ($59.9M), Italy ($35.6M), Turkey ($22.8M), India ($12M), and Estonia ($11.7M).

In 2022, the countries that had a largest trade value in imports than in exports of Silver wares, silver ware plated with precious metal were United States ($37.7M), Hong Kong ($37M), Switzerland ($16.1M), New Zealand ($12.1M), and Sweden ($9.71M).

Net Trade (2022)

Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Silver wares, silver ware plated with precious metal 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 (2022)

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