# Silver buyer markets and demand | HS 710692 | Yugalinks

India is the largest reported buyer market in this view, with imports of $2.0B.

## Buyer market evidence

| Buyer market | Latest imports | 5-year growth | Suppliers | Leading supplier |
| --- | --- | --- | --- | --- |
| India | $2.0B | +59.5% | 36 | China |
| USA | $761.0M | +35.9% | 55 | Canada |
| Canada | $372.2M | +20.2% | 41 | USA |
| United Kingdom | $329.5M | -1.1% | 40 | Spain |
| Thailand | $201.6M | +2.1% | 29 | China |
| Germany | $170.8M | +12% | 83 | United Kingdom |
| Russia | $160.1M | +81.8% | 9 | Armenia |
| France | $118.7M | +8.6% | 42 | Germany |
| China | $114.3M | +5.1% | 34 | Japan |
| Italy | $108.1M | +12.3% | 40 | France |
| Taiwan | $106.8M | +10.4% | 24 | Japan |
| Mexico | $94.8M | +7.1% | 31 | USA |
| Switzerland, Liechtenstein | $86.4M | +5.6% | 38 | Australia |
| Spain | $84.2M | +4.2% | 31 | Germany |
| Belgium | $74.4M | +74.6% | 23 | United Kingdom |
| Australia | $69.8M | +6.9% | 29 | Papua New Guinea |
| Malaysia | $66.6M | +5% | 28 | Japan |
| United Arab Emirates | $66.5M | +67.8% | 42 | China, Hong Kong Special Administrative Region |
| Republic of Korea | $50.1M | +4.1% | 28 | USA |
| Czechia | $41.9M | +9.5% | 34 | Germany |
| Japan | $39.7M | -0% | 33 | Philippines |
| Netherlands | $33.1M | +25.5% | 45 | Spain |
| China, Hong Kong Special Administrative Region | $29.8M | -7.5% | 23 | Japan |
| Singapore | $27.8M | -14.7% | 31 | China |
| Israel | $26.6M | +1% | 19 | Italy |
| Romania | $24.2M | -11% | 29 | Italy |
| Hungary | $23.5M | +10.7% | 28 | Germany |
| Poland | $17.5M | +2% | 35 | Germany |
| Philippines | $16.5M | +2.6% | 22 | Japan |
| Turkey | $15.4M | +15.2% | 28 | Germany |
| Viet Nam | $15.1M | +8.9% | 21 | Japan |
| Dominican Republic | $15.0M | +39.7% | 22 | USA |
| Austria | $15.0M | -4.1% | 39 | Germany |
| Sweden | $14.9M | +6.9% | 28 | Norway |
| Indonesia | $14.2M | +1.4% | 22 | Japan |

## Buyer market price evidence

| Buyer market | Year | Trade value | USD per ton |
| --- | --- | --- | --- |
| USA | 2023 | $1.3B | $720,400.62 |
| India | 2023 | $723.2M | $679,520.67 |
| Canada | 2023 | $381.3M | $719,161.47 |
| United Kingdom | 2023 | $359.6M | $663,895.69 |
| Thailand | 2023 | $210.5M | $386,596.4 |
| China, Hong Kong Special Administrative Region | 2023 | $201.4M | $431,583.92 |
| Australia | 2023 | $172.5M | $627,070.18 |
| Bulgaria | 2023 | $165.1M | $704,559.73 |
| Spain | 2023 | $140.6M | $373,601.32 |
| Germany | 2023 | $118.0M | $233,895.64 |
| France | 2023 | $116.9M | $298,382.32 |
| Switzerland, Liechtenstein | 2023 | $114.5M | $561,722.56 |
| Italy | 2023 | $112.7M | $480,139.3 |
| China | 2023 | $108.5M | $314,865.46 |
| Malaysia | 2023 | $98.6M | $474,574 |
| Mexico | 2023 | $91.4M | $387,617.15 |
| United Arab Emirates | 2023 | $76.3M | $558,423.97 |
| Other Asia, nes | 2023 | $57.0M | $463,026.46 |
| Singapore | 2023 | $56.7M | $329,111.72 |
| Netherlands | 2023 | $56.3M | $522,849.14 |

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