Overview This page contains the latest trade data of Silver. In 2019, Silver were the world's 212th most traded product, with a total trade of $17.3B. Between 2018 and 2019 the exports of Silver decreased by -5.67%, from $18.3B to $17.3B. Trade in Silver represent 0.096% of total world trade.
Exports In 2019 the top exporters of Silver were Mexico ($1.99B), China ($1.52B), South Korea ($1.32B), Germany ($1.26B), and Japan ($1.21B).
Imports In 2019 the top importers of Silver were United States ($3.36B), India ($2.95B), United Kingdom ($1.79B), Hong Kong ($1.66B), and China ($1.04B).
Tariffs In 2018 the average tariff for Silver was 5.16%, making it the 800th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Silver are Angola (50%), Ethiopia (34.7%), Cameroon (29.4%), Gabon (29.4%), and Chad (29.4%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), United Arab Emirates (0%), China (0%), and Hong Kong (0%).
Ranking Silver ranks 780th 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.