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711411 (Harmonized System 1992 for 6-digit)

2023
World Trade $402MRnk 3063 / 4644
2023
Top Exporter | Top Importer $110M | $92.9MChina | Hong Kong
2023
Product Complexity 0.14Rnk 2296 / 4656
2022 - 2023
Export Growth (CAGR) 19.9%Rnk 293 / 4644
2023
Share of World Trade 0.0018%Rnk 3063 / 4644

About

Overview This page contains the latest trade data of Silver wares, silver ware plated with precious metal. In 2023, Silver wares, silver ware plated with precious metal were the world's 3063rd most traded product, with a total trade of $402M. Between 2022 and 2023 the exports of Silver wares, silver ware plated with precious metal grew by 19.9%, from $335M to $402M. Trade in Silver wares, silver ware plated with precious metal represent 0.0018% of total world trade.

Silver wares, silver ware plated with precious metal are a part of Metal-Clad Products.

Exports In 2023 the top exporters of Silver wares, silver ware plated with precious metal  were China ($110M), Turkey ($49M), Italy ($46.1M), United States ($27.2M), and Poland ($21.3M).

Imports In 2023 the top importers of Silver wares, silver ware plated with precious metal were Hong Kong ($92.9M), United States ($54.1M), Sweden ($34.8M), Israel ($31.4M), and Switzerland ($25.7M).

Ranking Silver wares, silver ware plated with precious metal ranks 2296th in the Product Complexity Index (PCI).

Description Silver wares are often plated with another metal for decorative purposes. The use of silver has declined due to the introduction of cheaper, silver-bearing alloys, but it remains a popular metal for plating with other metals.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Silver wares, silver ware plated with precious metal. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)China$110M
Top Destination (2023)Hong Kong$92.9M

In 2023 Silver wares, silver ware plated with precious metal were the world's 3063rd most traded product (out of 4,644).

In 2023, the top exporters of Silver wares, silver ware plated with precious metal were China ($110M), Turkey ($49M), Italy ($46.1M), United States ($27.2M), and Poland ($21.3M).

In 2023, the top importers of Silver wares, silver ware plated with precious metal were Hong Kong ($92.9M), United States ($54.1M), Sweden ($34.8M), Israel ($31.4M), and Switzerland ($25.7M).

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Exporters of Silver wares, silver ware plated with precious metal (2023)
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Importers of Silver wares, silver ware plated with precious metal (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$68.2M
Top Destination Growth (2022 -  2023)Hong Kong$76.2M

Between 2022 and 2023, the exports of Silver wares, silver ware plated with precious metal grew the fastest in China ($68.2M), Poland ($18.9M), United Kingdom ($6.31M), Turkey ($5M), and Italy ($4.09M).

Between 2022 and 2023, the fastest growing importers of Silver wares, silver ware plated with precious metal were Hong Kong ($76.2M), Qatar ($8.7M), United States ($6.19M), Switzerland ($4.98M), and Israel ($2.75M).

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Exporters of Silver wares, silver ware plated with precious metal (2022 - 2023)

Importers of Silver wares, silver ware plated with precious metal (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Silver wares, silver ware plated with precious metal.

In 2023, market concentration measured using Shannon Entropy, was 3.84. This means that most of the exports of Silver wares, silver ware plated with precious metal are explained by 14 countries.

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Value of Exports in Silver wares, silver ware plated with precious metal

Net Trade

TOP NET EXPORTER (2023)China$104M
TOP NET IMPORTER (2023)Hong Kong$91.3M

This map shows which countries export or import more of Silver wares, silver ware plated with precious metal. Each country is colored based on the difference in exports and imports of Silver wares, silver ware plated with precious metal during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Silver wares, silver ware plated with precious metal were China ($104M), Italy ($38.6M), Turkey ($34.1M), Poland ($15.9M), and Estonia ($11.3M).

In 2023, the countries that had a largest trade value in imports than in exports of Silver wares, silver ware plated with precious metal were Hong Kong ($91.3M), United States ($26.9M), Sweden ($25.7M), Switzerland ($23.6M), and Dominican Republic ($16.8M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Silver wares, silver ware plated with precious metal.
It is possible to select the main countries that export or import Silver wares, silver ware plated with precious metal in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Silver wares, silver ware plated with precious metal by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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