2022
Exports
$3.67MWorld Rnk 60 / 144
Flag Rnk 338 / 1100
2022
PRODUCT COMPLEXITY IN Silver
-0.98Rnk 832 / 1025
2022
Imports
$21.6MWorld Rnk 39 / 182
Flag Rnk 567 / 1197
2022
ECONOMIC COMPLEXITY of Saudi Arabia
0.78Rnk 35 / 133

About

Exports In 2022, Saudi Arabia exported $3.67M in Silver, making it the 60th largest exporter of Silver in the world. At the same year, Silver was the 338th most exported product in Saudi Arabia. The main destination of Silver exports from Saudi Arabia are: Switzerland ($2.65M), Germany ($848k), United Arab Emirates ($161k), Oman ($5.23k), and Italy ($1.61k).

The fastest growing export markets for Silver of Saudi Arabia between 2021 and 2022 were Switzerland ($1.74M), Oman ($5.23k), and Italy ($1.61k).

Imports In 2022, Saudi Arabia imported $21.6M in Silver, becoming the 39th largest importer of Silver in the world. At the same year, Silver was the 567th most imported product in Saudi Arabia. Saudi Arabia imports Silver primarily from: United Arab Emirates ($12.1M), Switzerland ($6.45M), United States ($1.44M), Italy ($547k), and Norway ($513k).

The fastest growing import markets in Silver for Saudi Arabia between 2021 and 2022 were Switzerland ($3.85M), Norway ($447k), and Turkey ($40.6k).

Latest Trends

Aug 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)$3.67M
IMPORTS (2022)$21.6M
NET TRADE (2022)-$17.9M

In 2022, Saudi Arabia exported $3.67M in Silver. The main destinations of Saudi Arabia exports on Silver were Switzerland ($2.65M), Germany ($848k), United Arab Emirates ($161k), Oman ($5.23k), and Italy ($1.61k).

In 2022, Saudi Arabia imported $21.6M in Silver, mainly from United Arab Emirates ($12.1M), Switzerland ($6.45M), United States ($1.44M), Italy ($547k), and Norway ($513k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silver EXPORT MARKETS FOR Saudi Arabia WERE (2021 - 2022):
Switzerland$1.74M (190%)
Oman$5.23k (1%)
Italy$1.61k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silver BY Saudi Arabia WERE (2021 - 2022):
United Arab Emirates-$756k (-82.5%)
Germany-$545k (-39.1%)
Australia-$362k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Saudi Arabia's main exporting competitors in Silver were:
In 2022, Saudi Arabia'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 POTENTIALGermany+ $733k
TOP IMPORT POTENTIALSwitzerland+ $1.37M

Silver’s highest export potential is Germany. With an export gap of $733k.   Silver’s highest import potential is Switzerland with an import gap of $1.37M.

See methodology.

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