# Excluding Silver Nitrates buyer markets and demand | HS...

Belgium is the largest reported buyer market in this view, with imports of $299.8M.

## Buyer market evidence

| Buyer market | Latest imports | 5-year growth | Suppliers | Leading supplier |
| --- | --- | --- | --- | --- |
| Belgium | $299.8M | +167.7% | 16 | United Kingdom |
| Germany | $54.2M | +58% | 26 | United Kingdom |
| Malaysia | $23.5M | +17.4% | 18 | Singapore |
| Singapore | $22.0M | +5.8% | 17 | Japan |
| Switzerland, Liechtenstein | $21.4M | +13.9% | 13 | United Kingdom |
| Viet Nam | $11.0M | +3.8% | 21 | China |
| France | $11.0M | +17.1% | 22 | Germany |
| Czechia | $8.7M | +7.4% | 17 | Germany |
| Mexico | $7.2M | +42.4% | 18 | USA |
| Republic of Korea | $5.4M | +8.7% | 20 | USA |
| Thailand | $4.9M | +12.3% | 19 | Japan |
| China | $4.7M | -11.2% | 24 | United Kingdom |
| Philippines | $4.4M | +24.2% | 12 | Japan |
| United Kingdom | $3.8M | -5.8% | 19 | Germany |
| Denmark | $3.7M | +21.5% | 9 | Belgium |
| USA | $3.7M | +3.6% | 22 | Croatia |
| Italy | $3.3M | +10.5% | 14 | France |
| Poland | $3.2M | -0.3% | 20 | Germany |
| Japan | $2.9M | +21.1% | 12 | Malaysia |
| Netherlands | $2.7M | -3.5% | 31 | Germany |
| Taiwan | $2.7M | -1.2% | 19 | Japan |
| India | $2.5M | -4.6% | 19 | China |
| Spain | $2.3M | -6.1% | 18 | Austria |
| Indonesia | $1.6M | +4.5% | 16 | Republic of Korea |
| Croatia | $1.4M | +13.9% | 10 | Spain |
| Israel | $1.2M | +7.9% | 8 | Switzerland, Liechtenstein |
| Sweden | $1.2M | +16.1% | 8 | Germany |
| Canada | $1.2M | -4.7% | 13 | USA |
| Slovenia | $1.1M | +30% | 12 | Germany |
| Hungary | $821.9K | -1.3% | 10 | Italy |
| China, Hong Kong Special Administrative Region | $697.5K | -15% | 8 | Taiwan |
| Bulgaria | $563.0K | +53.6% | 8 | Italy |
| Austria | $509.3K | -11.2% | 20 | Germany |
| Serbia | $460.4K | +10.7% | 10 | The former Yugoslav Republic of Macedonia |
| Turkey | $398.4K | -1.8% | 17 | India |

## Buyer market price evidence

| Buyer market | Year | Trade value | USD per ton |
| --- | --- | --- | --- |
| Malaysia | 2023 | $17.4M | $202,687.5 |
| Singapore | 2023 | $17.0M | $436,114.68 |
| Viet Nam | 2023 | $16.8M | $483,638.7 |
| Switzerland, Liechtenstein | 2023 | $13.5M | $615,461.46 |
| France | 2023 | $13.3M | $82,069.49 |
| Netherlands | 2023 | $13.3M | $99,697.48 |
| Belgium | 2023 | $12.5M | $256,959.31 |
| China | 2023 | $7.8M | $193,687.83 |
| Czechia | 2023 | $7.8M | $460,256.15 |
| Thailand | 2023 | $7.3M | $325,529.61 |
| Germany | 2023 | $7.0M | $279,137.13 |
| USA | 2023 | $4.2M | $289,192.6 |
| United Kingdom | 2023 | $3.9M | $55,838.25 |
| Spain | 2023 | $3.7M | $170,165.96 |
| Mexico | 2023 | $3.7M | $353,426.46 |
| Republic of Korea | 2023 | $3.1M | $564,120.53 |
| Japan | 2023 | $2.7M | $70,711.59 |
| Croatia | 2023 | $2.6M | $510,421.89 |
| Philippines | 2023 | $2.6M | $676,513.74 |
| Other Asia, nes | 2023 | $2.5M | $246,559.38 |

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