HS Icon Silver in unwrought forms

710691 (Harmonized System 1992 for 6-digit)

Overview This page contains the latest trade data of Silver in unwrought forms. In 2011, Silver in unwrought forms were the world's 1019th most traded product, with a total trade of $32.9B. Between 2018 and 2011 the exports of Silver in unwrought forms decreased by -6.71%, from $14.2B to $32.9B. Trade in Silver in unwrought forms represent 0.011% of total world trade.

Exports In 2011 the top exporters of Silver in unwrought forms  were Mexico ($36.8B), China ($26.6B), United Kingdom ($23.7B), South Korea ($19B), and Germany ($18.6B).

Imports In 2011 the top importers of Silver in unwrought forms were United States ($61.3B), United Kingdom ($50.2B), India ($39.1B), Hong Kong ($20.9B), and Switzerland ($15.8B).

Tariffs In 2018 the average tariff for Silver in unwrought forms was 4.63%, making it the 4426th 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 3760th in the Product Complexity Index (PCI).

Description Silver is a precious metal that is often used in art and jewelry. It is also used in electronics and as a form of currency.

Historical Data

#permalink to section

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (N/A): Mexico, $36.8B

Top Destination (N/A): United States, $61.3B

Silver in unwrought forms are the world's 1019th most traded product.

In 2011, the top exporters of Silver in unwrought forms were Mexico ($36.8B), China ($26.6B), United Kingdom ($23.7B), South Korea ($19B), and Germany ($18.6B).

In 2011, the top importers of Silver in unwrought forms were United States ($61.3B), United Kingdom ($50.2B), India ($39.1B), Hong Kong ($20.9B), and Switzerland ($15.8B).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Decrease (2018 -  2019): Hong Kong, -$318M

Top Destination Growth (2018 - 2019): Hong Kong, $215M

Between 2018 and 2019, the fastest declining exporters of Silver in unwrought forms were Hong Kong (-$318M), United Kingdom (-$314M), Kazakhstan (-$184M), Russia (-$146M), and China (-$129M).

Between 2018 and 2019, the fastest growing importers of Silver in unwrought forms were Hong Kong ($215M), Canada ($196M), Switzerland ($168M), United States ($84.5M), and Germany ($57.2M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

Value

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

Explore Visualizations

TOP NET EXPORTER (2011): Mexico, $35.8B

TOP NET IMPORTER (2011): United States, $50.3B

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 2011.

In N/A, the countries that had a largest trade value in exports than in imports of Silver in unwrought forms were Mexico ($35.8B), China ($24.4B), South Korea ($18B), Poland ($13B), and Russia ($11.7B).

In N/A, the countries that had a largest trade value in imports than in exports of Silver in unwrought forms were United States ($50.3B), India ($38.8B), United Kingdom ($26.5B), Japan ($13.2B), and Hong Kong ($7.17B).

Import Tariffs

#permalink to section

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%).

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
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.