2022
Exports
$33.9MWorld Rnk 41 / 144
Flag Rnk 660 / 1212
2022
PRODUCT COMPLEXITY IN Silver
-0.98Rnk 832 / 1025
2022
Imports
$1.32BWorld Rnk 8 / 182
Flag Rnk 74 / 1206
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $33.9M in Silver, making it the 41st largest exporter of Silver in the world. At the same year, Silver was the 660th most exported product in India. The main destination of Silver exports from India are: United Kingdom ($16.9M), United States ($6.49M), Germany ($2.36M), United Arab Emirates ($1.46M), and Italy ($939k).

The fastest growing export markets for Silver of India between 2021 and 2022 were United States ($516k), Germany ($341k), and Czechia ($192k).

Imports In 2022, India imported $1.32B in Silver, becoming the 8th largest importer of Silver in the world. At the same year, Silver was the 74th most imported product in India. India imports Silver primarily from: Russia ($203M), China ($195M), Kazakhstan ($152M), United Kingdom ($120M), and Switzerland ($108M).

The fastest growing import markets in Silver for India between 2021 and 2022 were China ($160M), Uzbekistan ($55M), and Kazakhstan ($46.2M).

Latest Trends

Sep 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)$33.9M
IMPORTS (2022)$1.32B
NET TRADE (2022)-$1.29B

In 2022, India exported $33.9M in Silver. The main destinations of India exports on Silver were United Kingdom ($16.9M), United States ($6.49M), Germany ($2.36M), United Arab Emirates ($1.46M), and Italy ($939k).

In 2022, India imported $1.32B in Silver, mainly from Russia ($203M), China ($195M), Kazakhstan ($152M), United Kingdom ($120M), and Switzerland ($108M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silver EXPORT MARKETS FOR India WERE (2021 - 2022):
United States$516k (8.63%)
Germany$341k (16.9%)
Czechia$192k (966%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silver BY India WERE (2021 - 2022):
United Kingdom-$555M (-97%)
Canada-$12.2M (-93.5%)
Australia-$6.28M (-90.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Silver were:
In 2022, India'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+ $9.18M
TOP IMPORT POTENTIALKazakhstan+ $38.6M

Silver’s highest export potential is United States. With an export gap of $9.18M.   Silver’s highest import potential is Kazakhstan with an import gap of $38.6M.

See methodology.

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