2023
Exports
$750MWorld Rnk 14 / 136
Flag Rnk 31 / 1209
2023
PRODUCT COMPLEXITY IN Silver
-0.85Rnk 794 / 1025
2023
Imports
$754MWorld Rnk 12 / 179
Flag Rnk 66 / 1210
2023
ECONOMIC COMPLEXITY of United Arab Emirates
0.15Rnk 54 / 132

About

Exports In 2023, United Arab Emirates exported $750M in Silver, making it the 14th largest exporter of Silver in the world. At the same year, Silver was the 31st most exported product in United Arab Emirates. The main destination of Silver exports from United Arab Emirates are: India ($353M), Turkey ($249M), United Kingdom ($20.6M), Bangladesh ($20.5M), and Italy ($18.6M).

The fastest growing export markets for Silver of United Arab Emirates between 2022 and 2023 were India ($316M), Turkey ($245M), and Bangladesh ($20.5M).

Imports In 2023, United Arab Emirates imported $754M in Silver, becoming the 12th largest importer of Silver in the world. At the same year, Silver was the 66th most imported product in United Arab Emirates. United Arab Emirates imports Silver primarily from: Turkey ($226M), Russia ($195M), Hong Kong ($153M), Armenia ($40.8M), and United Kingdom ($40.2M).

The fastest growing import markets in Silver for United Arab Emirates between 2022 and 2023 were Turkey ($225M), Hong Kong ($151M), and Russia ($97.5M).

Latest Trends

Jan 2025

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Silver. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$750M
IMPORTS (2023)$754M
NET TRADE (2023)-$3.84M

In 2023, United Arab Emirates exported $750M in Silver. The main destinations of United Arab Emirates exports on Silver were India ($353M), Turkey ($249M), United Kingdom ($20.6M), Bangladesh ($20.5M), and Italy ($18.6M).

In 2023, United Arab Emirates imported $754M in Silver, mainly from Turkey ($226M), Russia ($195M), Hong Kong ($153M), Armenia ($40.8M), and United Kingdom ($40.2M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Silver EXPORT MARKETS FOR United Arab Emirates WERE (2022 - 2023):
India$316M (861%)
Turkey$245M (5.39k%)
Bangladesh$20.5M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silver BY United Arab Emirates WERE (2022 - 2023):
United States-$9.62M (-70.5%)
Nepal-$5.09M (-53.1%)
Chinese Taipei-$965k (-37.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, United Arab Emirates's main exporting competitors in Silver were:
In 2023, United Arab Emirates's main importing competitors in Silver were:

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Trade Value of Silver by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $8.72M
TOP IMPORT POTENTIALSwitzerland+ $3.02M

Silver’s highest export potential is United States. With an export gap of $8.72M.   Silver’s highest import potential is Switzerland with an import gap of $3.02M.

See methodology.

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