# HS 711311 Of Silver global trade data overview | Yugalinks

Reported global trade in of silver, whether or not plated or clad with other precious metal, and parts thereof reached $8.0B in 2024, with five-year annual growth of +3.7%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $7.1B | +4.9% | +6% |
| 2014 | $8.0B | +13% | +1.1% |
| 2015 | $8.6B | +8.2% | +8.6% |
| 2016 | $9.5B | +9.5% | +10.2% |
| 2017 | $10.4B | +10.5% | +9.4% |
| 2018 | $7.1B | -32.3% | -6.4% |
| 2019 | $6.6B | -6.2% | -11.1% |
| 2020 | $6.7B | +0.9% | -13.8% |
| 2021 | $9.3B | +38.4% | +9.4% |
| 2022 | $9.6B | +3.2% | +13% |
| 2023 | $7.9B | -17.1% | +5.8% |
| 2024 | $8.0B | +0.4% | -5% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| USA | $1.6B | +1.5% | 118 |
| China, Hong Kong Special Administrative Region | $723.6M | -1.4% | 67 |
| Germany | $494.1M | -2.1% | 117 |
| Italy | $446.3M | +6.5% | 87 |
| India | $417.2M | +42% | 51 |
| United Kingdom | $388.2M | -6.8% | 83 |
| France | $333.1M | +6.2% | 117 |
| Spain | $256.7M | +8.2% | 86 |
| Mexico | $247.1M | +23.4% | 47 |
| Thailand | $246.8M | +12.8% | 87 |
| Canada | $237.2M | +4.3% | 94 |
| Japan | $222.1M | +12% | 67 |

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