2022
Exports
$1.69BWorld Rnk 5 / 144
Flag Rnk 185 / 1217
2022
PRODUCT COMPLEXITY IN Silver
-0.98Rnk 832 / 1025
2022
Imports
$5.81BWorld Rnk 1 / 182
Flag Rnk 106 / 1216
2022
ECONOMIC COMPLEXITY of United States
1.47Rnk 10 / 133

About

Exports In 2022, United States exported $1.69B in Silver, making it the 5th largest exporter of Silver in the world. At the same year, Silver was the 185th most exported product in United States. The main destination of Silver exports from United States are: Canada ($755M), Mexico ($142M), United Kingdom ($106M), China ($75.6M), and India ($68.7M).

The fastest growing export markets for Silver of United States between 2021 and 2022 were United Kingdom ($62.3M), India ($38.7M), and Mexico ($30.3M).

Imports In 2022, United States imported $5.81B in Silver, becoming the 1st largest importer of Silver in the world. At the same year, Silver was the 106th most imported product in United States. United States imports Silver primarily from: Mexico ($2.03B), Canada ($878M), Turkey ($638M), Switzerland ($433M), and Kazakhstan ($330M).

The fastest growing import markets in Silver for United States between 2021 and 2022 were Turkey ($372M), Kazakhstan ($240M), and Canada ($96.3M).

COMPANIES In 2023, leading companies such as Amazon (2), At Home Procurement (1), and Panasonic (1) were at the forefront of shipping Silver to the United States.

Latest Trends

September 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$89M(90.8%)
IMPORT GROWTH (September 2023 - September 2024)$3.61M(0.74%)
MAIN EXPORTER (September 2024)New York$85.1M
MAIN DESTINATION (September 2024)Canada$114M

This section shows Silver's exports and imports data at subnational level for United States. 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)$1.69B
IMPORTS (2022)$5.81B
NET TRADE (2022)-$4.12B

In 2022, United States exported $1.69B in Silver. The main destinations of United States exports on Silver were Canada ($755M), Mexico ($142M), United Kingdom ($106M), China ($75.6M), and India ($68.7M).

In 2022, United States imported $5.81B in Silver, mainly from Mexico ($2.03B), Canada ($878M), Turkey ($638M), Switzerland ($433M), and Kazakhstan ($330M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silver EXPORT MARKETS FOR United States WERE (2021 - 2022):
United Kingdom$62.3M (143%)
India$38.7M (129%)
Mexico$30.3M (27.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silver BY United States WERE (2021 - 2022):
Canada-$1B (-57.1%)
Chinese Taipei-$39.1M (-38.6%)
Hong Kong-$25.2M (-59.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Silver were:
In 2022, United States's main importing competitors in Silver were:

Explore Visualizations

Trade Value of Silver by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $65M
TOP IMPORT POTENTIALCanada+ $181M

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

See methodology.

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