# Silver Ores And Concentrates buyer markets and demand | HS...

China is the largest reported buyer market in this view, with imports of $4.2B.

## Buyer market evidence

| Buyer market | Latest imports | 5-year growth | Suppliers | Leading supplier |
| --- | --- | --- | --- | --- |
| China | $4.2B | +30.1% | 40 | Peru |
| Republic of Korea | $373.6M | +5.4% | 16 | Bolivia |
| Japan | $138.6M | -5.1% | 10 | Bolivia |
| Belgium | $136.2M | +17.1% | 6 | Bolivia |
| Peru | $65.0M | +19.1% | 3 | Bolivia |
| Australia | $40.8M | +10.7% | 3 | Bolivia |
| Sweden | $32.6M | +8.4% | 4 | Finland |
| Switzerland, Liechtenstein | $26.0M | +5.2% | 5 | Mexico |
| Germany | $25.9M | -38.7% | 16 | Argentina |
| China, Hong Kong Special Administrative Region | $25.2M | +28.4% | 6 | Mexico |
| Bulgaria | $23.3M | -5.4% | 3 | Mexico |
| Spain | $23.3M | +5.7% | 10 | Bolivia |
| Finland | $22.1M | +21.2% | 5 | Argentina |
| Georgia | $17.8M | 0% | 1 | USA |
| Canada | $14.5M | -37.1% | 11 | Mexico |
| Chile | $10.9M | -7.7% | 4 | Argentina |
| Singapore | $5.4M | +115.5% | 3 | Mexico |
| Russia | $3.7M | +6.3% | 2 | Mongolia |
| The former Yugoslav Republic of Macedonia | $1.8M | +436.6% | 1 | United Kingdom |
| Philippines | $1.6M | -10.9% | 1 | Peru |
| Democratic People\'s Republic of Korea | $1.6M | -8.8% | 1 | Papua New Guinea |
| Norway | $1.1M | +249.3% | 1 | Peru |
| South Africa | $1.1M | +156.5% | 3 | USA |
| Gabon | $611.1K | +6,881.7% | 1 | USA |
| Denmark | $387.7K | +5.4% | 3 | Spain |
| Malaysia | $382.6K | -50.1% | 2 | Peru |
| Laos | $343.8K | +123.8% | 1 | Thailand |
| Italy | $339.9K | +93.3% | 10 | Bolivia |
| Cambodia | $321.9K | 0% | 1 | Peru |
| Thailand | $295.3K | +106.9% | 3 | Romania |
| Netherlands | $181.1K | -70.7% | 13 | Canada |
| Kyrgyzstan | $145.5K | +386.7% | 2 | Russia |
| Serbia | $103.8K | +564.7% | 2 | United Kingdom |
| Indonesia | $83.9K | -8.7% | 1 | Bolivia |
| United Arab Emirates | $81.5K | +64.2% | 3 | India |

## Buyer market price evidence

| Buyer market | Year | Trade value | USD per ton |
| --- | --- | --- | --- |
| China | 2023 | $3.0B | $2,255.65 |
| Republic of Korea | 2023 | $355.2M | $6,310.84 |
| Japan | 2023 | $172.3M | $16,918.73 |
| Peru | 2023 | $98.5M | $6,114.58 |
| Germany | 2023 | $73.9M | $10,474.51 |
| Belgium | 2023 | $73.7M | $64,367.14 |
| Finland | 2023 | $50.3M | $5,521.4 |
| Bulgaria | 2023 | $43.1M | $5,139.88 |
| Spain | 2023 | $35.3M | $9,449.56 |
| Australia | 2023 | $25.6M | $4,697.38 |
| Canada | 2023 | $22.6M | $78,655.68 |
| Sweden | 2023 | $17.9M | $11,251.48 |
| Kazakhstan | 2023 | $13.3M | $2,842.07 |
| Namibia | 2023 | $6.8M | $568.93 |
| USA | 2023 | $1.6M | $791.41 |
| Democratic People\'s Republic of Korea | 2023 | $1.6M | $502.62 |
| Norway | 2023 | $1.3M | $5,600.6 |
| India | 2023 | $1.0M | $61,548.11 |
| Malaysia | 2023 | $995.7K | $818.92 |
| Other Asia, nes | 2023 | $847.5K | $4,940.45 |

_Source: reported merchandise trade data. Updated 2026-08-14._