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2022
Exports $1.15BWorld Rnk 11 / 144
Flag Rnk 84 / 1210
2022
Destination $96.3M United States
2021 - 2022
FASTEST GROWING MARKET $96.3MUnited States
2022
PRODUCT COMPLEXITY IN Silver-0.98Rnk 832 / 1025
2022
Imports $3.77BWorld Rnk 2 / 182
Flag Rnk 23 / 1213
2022
Origin $119M United Kingdom
2021 - 2022
FASTEST GROWING ORIGIN $119MSweden
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $1.15B in Silver, making it the 11th largest exporter of Silver in the world. At the same year, Silver was the 84th most exported product in Canada. The main destination of Silver exports from Canada are: United States ($878M), Canada ($212M), Germany ($23M), United Kingdom ($19M), and Turkey ($7.02M).

The fastest growing export markets for Silver of Canada between 2021 and 2022 were United States ($96.3M), United Kingdom ($19M), and Turkey ($7.02M).

Imports In 2022, Canada imported $3.77B in Silver, becoming the 2nd largest importer of Silver in the world. At the same year, Silver was the 23rd most imported product in Canada. Canada imports Silver primarily from: United Kingdom ($1.17B), United States ($755M), Chinese Taipei ($317M), Germany ($312M), and Canada ($212M).

The fastest growing import markets in Silver for Canada between 2021 and 2022 were Sweden ($119M), Uzbekistan ($55.3M), and Germany ($38.1M).

Latest Trends

September 2024

About

Overview In September 2024 Canada's Silver exports accounted up to C$209M and imports accounted up to C$243M, resulting in a negative trade balance of C$34M. Between September 2023 and September 2024 the exports of Canada's   Silver have increased by C$162M (348%) from C$46.7M to C$209M, while imports increased by C$64.6M (36.3%) from C$178M to C$243M.

Destinations In September 2024, Silver were exported mostly to United States (C$156M), Switzerland (C$44.1M), Germany (C$7.05M), Austria (C$1.55M), and Poland (C$256k), and were imported mostly from United States (C$106M), South Korea (C$47.1M), Mexico (C$24.8M), Bolivia (C$20.7M), and Germany (C$17.2M).

Growth In September 2024, the increase in Silver's year-by-year exports was explained primarily by an increase in exports to Germany (C$2.55M or 173%) and Poland (C$32.7k or 331%). In September 2024, the increase in Silver's year-by-year imports was explained primarily by an increase in imports from Mexico (C$29.7M or 114%), Germany (C$28.3M or 933%), and Canada (C$20.4M or 109%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)C$162M(348%)
IMPORT GROWTH (September 2023 - September 2024)C$64.6M(36.3%)
MAIN EXPORTER (September 2024)OntarioC$206M
MAIN DESTINATION (September 2024)United StatesC$156M

This section shows Silver's exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Silver over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.15B
IMPORTS (2022)$3.77B
NET TRADE (2022)-$2.62B

In 2022, Canada exported $1.15B in Silver. The main destinations of Canada exports on Silver were United States ($878M), Canada ($212M), Germany ($23M), United Kingdom ($19M), and Turkey ($7.02M).

In 2022, Canada imported $3.77B in Silver, mainly from United Kingdom ($1.17B), United States ($755M), Chinese Taipei ($317M), Germany ($312M), and Canada ($212M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silver EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$96.3M (12.3%)
United Kingdom$19M (55.8k%)
Turkey$7.02M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silver BY Canada WERE (2021 - 2022):
Canada-$177M (-45.5%)
Singapore-$9.15M (-93.1%)
Hong Kong-$2.33M (-86.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Silver were:
China $3.75B
United Kingdom $3.2B
Mexico $2.49B
In 2022, Canada's main importing competitors in Silver were:
United States $5.81B
Hong Kong $2.95B

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Trade Value of Silver by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $181M
TOP IMPORT POTENTIALUnited States+ $65M

Silver’s highest export potential is United States. With an export gap of $181M.   Silver’s highest import potential is United States with an import gap of $65M.

See methodology.

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