Silver7106 (Harmonized System 1992 for 4-digit)
2020 World Trade: $25.2B, Rnk 142 / 1217
2020 Top Exporter | Top Importer: $2.97B | $5.6B, United Kingdom | United States
2020 Product Complexity: -0.66, Rnk 738 / 1028
2019 - 2020 Export Growth (CAGR): 43.8%, Rnk 18 / 1217
2018 Mean Tariff: 5.19%, Rnk 805 / 1259
2020 Share of World Trade: 0.15%, Rnk 142 / 1217
Overview This page contains the latest trade data of Silver. In 2020, Silver were the world's 142nd most traded product, with a total trade of $25.2B. Between 2019 and 2020 the exports of Silver grew by 43.8%, from $17.5B to $25.2B. Trade in Silver represent 0.15% of total world trade.
Silver are a part of Precious metals, gems and jewelry. They include Silver in unwrought forms, Silver semi-manufactured including gold/platinum plat, and Silver powder.
Exports In 2020 the top exporters of Silver were United Kingdom ($2.97B), China ($2.51B), Mexico ($2.41B), United States ($1.9B), and Germany ($1.87B).
Imports In 2020 the top importers of Silver were United States ($5.6B), Canada ($3.39B), United Kingdom ($2.66B), Hong Kong ($2.43B), and China ($1.41B).
Tariffs In 2018 the average tariff for Silver was 5.19%, making it the 805th lowest tariff using the HS4 product classification.
Ranking Silver ranks 738th 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.
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.
Trade By Country
Top Origin (2020): United Kingdom, $2.97B
Top Destination (2020): United States, $5.6B
Silver are the world's 142nd most traded product.
In 2020, the top exporters of Silver were United Kingdom ($2.97B), China ($2.51B), Mexico ($2.41B), United States ($1.9B), and Germany ($1.87B).
In 2020, the top importers of Silver were United States ($5.6B), Canada ($3.39B), United Kingdom ($2.66B), Hong Kong ($2.43B), and China ($1.41B).
Trade by country
Top Origin Growth (2019 - 2020): United Kingdom, $1.84B
Top Destination Growth (2019 - 2020): Canada, $2.64B
Between 2019 and 2020, the exports of Silver grew the fastest in United Kingdom ($1.84B), United States ($901M), China ($798M), Germany ($601M), and Mexico ($412M).
Between 2019 and 2020, the fastest growing importers of Silver were Canada ($2.64B), United States ($2.25B), United Kingdom ($879M), Switzerland ($676M), and Hong Kong ($586M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Silver.
In 2020, market concentration measured using Shannon Entropy, was 4.44. This means that most of the exports of Silver are explained by 21 countries.
TOP NET EXPORTER (2020): Mexico, $2.31B
TOP NET IMPORTER (2020): United States, $3.7B
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 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Silver were Mexico ($2.31B), South Korea ($1.56B), Poland ($1.18B), China ($1.1B), and Germany ($889M).
In 2020, the countries that had a largest trade value in imports than in exports of Silver were United States ($3.7B), Canada ($2.45B), Hong Kong ($1.07B), India ($1.06B), and Australia ($524M).
In 2020, the world most traded Silver, disaggragated by their HS6 level were Silver in unwrought forms ($19.1B), Silver semi-manufactured including gold/platinum plat ($3.94B), and Silver powder ($2.17B)
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.
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.
Have questions, comments, or concerns?
Send us an e-mail: [email protected]
v5.1.12 jaguar