# HS 261610 Silver Ores And Concentrates global trade data...

Reported global trade in silver ores and concentrates reached $5.2B in 2024, with five-year annual growth of +16.4%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $2.1B | -15.4% | +16.2% |
| 2014 | $2.0B | -4.6% | -5.3% |
| 2015 | $2.0B | -1.2% | -7.3% |
| 2016 | $2.0B | +4% | -0.7% |
| 2017 | $2.2B | +9.5% | +4% |
| 2018 | $2.0B | -10.1% | +0.8% |
| 2019 | $2.4B | +19.8% | +5.7% |
| 2020 | $2.6B | +8.3% | +5.3% |
| 2021 | $3.6B | +39.3% | +21.8% |
| 2022 | $3.3B | -8.8% | +11.2% |
| 2023 | $3.8B | +15.1% | +13.5% |
| 2024 | $5.2B | +35% | +12.3% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| China | $4.2B | +30.1% | 40 |
| Republic of Korea | $373.6M | +5.4% | 16 |
| Japan | $138.6M | -5.1% | 10 |
| Belgium | $136.2M | +17.1% | 6 |
| Peru | $65.0M | +19.1% | 3 |
| Australia | $40.8M | +10.7% | 3 |
| Sweden | $32.6M | +8.4% | 4 |
| Switzerland, Liechtenstein | $26.0M | +5.2% | 5 |
| Germany | $25.9M | -38.7% | 16 |
| China, Hong Kong Special Administrative Region | $25.2M | +28.4% | 6 |
| Bulgaria | $23.3M | -5.4% | 3 |
| Spain | $23.3M | +5.7% | 10 |

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