In 2023, Mexico led global silver exports, representing approximately 10.81%, followed by South Korea, China, and Japan, each contributing between 8-10%. Despite Mexico's predominance, its export value slightly decreased by 1.25%. In contrast, other major exporters like South Korea and China saw growth of 1.91% and 2.41%, respectively. Notably, Poland and Singapore experienced significant increases, at 3.73% and 4.26%. Meanwhile, countries such as the United Kingdom, Canada, and Russia faced declines, with Russia's drop being the most substantial at 10.88%.
Future trends in global silver exports may hinge on industrial demand shifts, technological advancements, and economic policies affecting key exporters. Monitoring emerging markets like Azerbaijan and Malaysia could provide insights into changing trade dynamics.
Top countries in Export of Silver Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Mexico | 10.81 | 2023 | -1.86% | -1.25% | View data |
| 2 | 2 South Korea | 9.75 | 2023 | +0.81% | +1.91% | View data |
| 3 | 3 China | 9.74 | 2023 | +1.58% | +2.41% | View data |
| 4 | 4 Japan | 8.94 | 2023 | +1.36% | +2.43% | View data |
| 5 | 5 United States | 8.54 | 2023 | -0.23% | -1.14% | View data |
| 6 | 6 United Kingdom | 8.14 | 2023 | -1.42% | -4.13% | View data |
| 7 | 7 Germany | 7.89 | 2023 | -1.63% | -0.1% | View data |
| 8 | 8 Switzerland | 5.92 | 2023 | +1.26% | +0.43% | View data |
| 9 | 9 Poland | 4.81 | 2023 | +0.12% | +3.73% | View data |
| 10 | 10 Canada | 4.23 | 2023 | -7.21% | -6.56% | View data |
