# HS 710691 Silver global trade data overview | Yugalinks

Reported global trade in silver, unwrought, (but not powder) reached $25.0B in 2024, with five-year annual growth of +14.4%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $22.5B | -21.9% | +9.3% |
| 2014 | $18.0B | -20% | -17.5% |
| 2015 | $15.3B | -14.8% | -19% |
| 2016 | $13.4B | -12.5% | -15.8% |
| 2017 | $14.7B | +9.3% | -6.6% |
| 2018 | $13.8B | -6.2% | -3.6% |
| 2019 | $12.8B | -7.3% | -1.7% |
| 2020 | $18.5B | +45% | +8.1% |
| 2021 | $27.3B | +47.5% | +25.7% |
| 2022 | $24.9B | -8.8% | +24.9% |
| 2023 | $22.1B | -11.3% | +6.1% |
| 2024 | $25.0B | +13% | -2.9% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| USA | $5.0B | +10.2% | 49 |
| United Kingdom | $4.0B | +19.5% | 40 |
| India | $3.4B | +5.6% | 26 |
| China, Hong Kong Special Administrative Region | $3.2B | +23.4% | 24 |
| Japan | $1.3B | +8.9% | 20 |
| Switzerland, Liechtenstein | $1.2B | +19.8% | 49 |
| United Arab Emirates | $1.1B | +109.1% | 57 |
| Canada | $968.5M | +15% | 39 |
| Germany | $789.8M | +4.6% | 86 |
| Italy | $502.5M | +14.5% | 45 |
| Thailand | $482.9M | +7.6% | 24 |
| China | $383.2M | +30.3% | 34 |

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