HS Icon Silver in unwrought forms

710691 (Harmonized System 1992 for 6-digit)

World Trade (2018): $14.2B, Rnk 203 / 4726

Top Exporter (2018): $1.78B, Mexico

Top Importer (2018): $3.76B, India

Product Complexity (2018): -1.03, Rnk 4042 / 4873

Export Growth (CAGR)(2017 - 2018): 0.095%, Rnk 3831 / 4726

Mean Tariff (2018): 4.63%, Rnk 4426 / 6538

Share of World Trade (2018): 0.077%, Rnk 203 / 4726

Overview:  This page contains the latest trade data of Silver in unwrought forms. In 2018, Silver in unwrought forms were the world's 203rd most traded product, with a total trade of $14.2B. Between 2017 and 2018 the exports of Silver in unwrought forms grew by 0.095%, from  $14.2B to $14.2B. Trade in Silver in unwrought forms represent 0.077% of total world trade.

Exports: In 2018 the top exporters of Silver in unwrought forms  were Mexico ($1.78B), China ($1.43B), United Kingdom ($1.31B), South Korea ($1.25B), and Hong Kong ($1.24B).

Imports: In 2018 the top importers of Silver in unwrought forms were India ($3.76B), United States ($3.09B), United Kingdom ($1.6B), Hong Kong ($1.35B), and Japan ($896M).

Tariffs: In 2018 the average tariff for Silver in unwrought forms was 4.63%, been the 4426 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Silver in unwrought forms are Angola (50%), Ethiopia (34.7%), Cameroon (29.4%), Gabon (29.4%), and Chad (29.4%). The countries with the lowest tariffs are Egypt (0%), Mauritius (0%), South Africa (0%), United Arab Emirates (0%), and China (0%).

Ranking: Silver in unwrought forms ranks 4042nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Mexico, $1.78B

Top Destination (2018): India, $3.76B

Silver in unwrought forms are the world's 203rd most traded product.

In 2018, the top exporters of Silver in unwrought forms were Mexico ($1.78B), China ($1.43B), United Kingdom ($1.31B), South Korea ($1.25B), and Hong Kong ($1.24B).

In 2018, the top importers of Silver in unwrought forms were India ($3.76B), United States ($3.09B), United Kingdom ($1.6B), Hong Kong ($1.35B), and Japan ($896M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United Kingdom, $621M

Top Destination Growth (2017 - 2018): India, $975M

Between 2017 and 2018, the exports of Silver in unwrought forms grew the fastest in United Kingdom ($621M), Belgium-Luxembourg ($291M), United States ($286M), China ($265M), and United Arab Emirates ($95.5M).

Between 2017 and 2018, the fastest growing importers of Silver in unwrought forms were India ($975M), Hong Kong ($407M), Germany ($270M), United Arab Emirates ($101M), and Nepal ($93.1M).

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Market Concentration

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Cumulative market share

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

In 2018,  market concentration measured using Shannon Entropy, was 4.33. This means that most of the exports of Silver in unwrought forms are explained by 20 countries.

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TOP NET EXPORTER (2018): Mexico, $1.74B

TOP NET IMPORTER (2018): India, $3.76B

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 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Silver in unwrought forms were Mexico ($1.74B), China ($1.33B), South Korea ($1.23B), Poland ($609M), and Kazakhstan ($494M).

In 2018, the countries that had a largest trade value in imports than in exports of Silver in unwrought forms were India ($3.76B), United States ($2.56B), Japan ($830M), United Kingdom ($292M), and Thailand ($272M).

Trade Forecasts

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This section shows forecasts for total trade for Silver in unwrought forms. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Silver in unwrought forms was 4.63%.  The countries with the highest tariffs for importing Silver in unwrought forms were Angola (50%), Ethiopia (34.7%), Cameroon (29.4%), Gabon (29.4%), and Chad (29.4%).

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Product Complexity

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Diversification Frontier

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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.