The global export of silver has shown varied performance across countries. In 2023, Mexico remained the leader, although experiencing a slight decline. Asian countries like South Korea, China, and Japan witnessed positive growth, highlighting a shift in silver trade dynamics towards Asia. The United States saw a small decline, while European countries presented mixed results - the United Kingdom and Germany faced decreases, whereas Poland showed strong growth. Significant upticks were noted in smaller economies, particularly with Azerbaijan and Malaysia. Luxurious growth in Kuwait's export signals emerging markets making strides in silver trade.
Future trends to watch include potential continued growth in Asian markets due to increasing industrial demand. Emerging markets may propel further significant shifts in global rankings. Technological advances and green energy investments may drive a new wave of demand, influencing export strategies. Monitoring geopolitical dynamics and environmental regulations may provide insight into impending shifts in the global silver export landscape.
Top countries in Export of Silver by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Mexico | 1,558,700,000 | 2023 | -1.86% | -1.25% | View data |
| 2 | 2 South Korea | 1,405,700,000 | 2023 | +0.81% | +1.91% | View data |
| 3 | 3 China | 1,404,600,000 | 2023 | +1.58% | +2.41% | View data |
| 4 | 4 Japan | 1,289,600,000 | 2023 | +1.36% | +2.43% | View data |
| 5 | 5 United States | 1,232,200,000 | 2023 | -0.23% | -1.14% | View data |
| 6 | 6 United Kingdom | 1,174,000,000 | 2023 | -1.42% | -4.13% | View data |
| 7 | 7 Germany | 1,138,200,000 | 2023 | -1.63% | -0.1% | View data |
| 8 | 8 Switzerland | 853,840,000 | 2023 | +1.26% | +0.43% | View data |
| 9 | 9 Poland | 694,050,000 | 2023 | +0.12% | +3.73% | View data |
| 10 | 10 Canada | 609,390,000 | 2023 | -7.21% | -6.56% | View data |
