2022
Exports
$174MWorld Rnk 24 / 144
Flag Rnk 114 / 1208
2022
PRODUCT COMPLEXITY IN Silver
-0.98Rnk 832 / 1025
2022
Imports
$716MWorld Rnk 13 / 182
Flag Rnk 77 / 1206
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $174M in Silver, making it the 24th largest exporter of Silver in the world. At the same year, Silver was the 114th most exported product in Australia. The main destination of Silver exports from Australia are: India ($42M), New Zealand ($41.6M), United States ($30M), China ($19M), and Italy ($11.3M).

The fastest growing export markets for Silver of Australia between 2021 and 2022 were India ($42M), Italy ($10.7M), and Turkey ($3.63M).

Imports In 2022, Australia imported $716M in Silver, becoming the 13th largest importer of Silver in the world. At the same year, Silver was the 77th most imported product in Australia. Australia imports Silver primarily from: Hong Kong ($323M), Poland ($169M), South Korea ($130M), Papua New Guinea ($44.7M), and China ($28.3M).

The fastest growing import markets in Silver for Australia between 2021 and 2022 were Hong Kong ($236M), South Korea ($112M), and Germany ($1.76M).

Latest Trends

Oct 2024

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 (2022)$174M
IMPORTS (2022)$716M
NET TRADE (2022)-$541M

In 2022, Australia exported $174M in Silver. The main destinations of Australia exports on Silver were India ($42M), New Zealand ($41.6M), United States ($30M), China ($19M), and Italy ($11.3M).

In 2022, Australia imported $716M in Silver, mainly from Hong Kong ($323M), Poland ($169M), South Korea ($130M), Papua New Guinea ($44.7M), and China ($28.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silver EXPORT MARKETS FOR Australia WERE (2021 - 2022):
India$42M (1.46M%)
Italy$10.7M (1.65k%)
Turkey$3.63M (197k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silver BY Australia WERE (2021 - 2022):
United Kingdom-$194M (-99.2%)
Canada-$42M (-85.1%)
Switzerland-$24.2M (-81.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Silver were:
In 2022, Australia'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+ $14.6M
TOP IMPORT POTENTIALChina+ $18.4M

Silver’s highest export potential is United States. With an export gap of $14.6M.   Silver’s highest import potential is China with an import gap of $18.4M.

See methodology.

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