HS4 subsector intelligence

Silver ores and concentrates
HS4 2616 trade overview

A focused view of this HS4 subsector: market scale, momentum, leading routes, countries, and the HS6 classifications inside it.

HS4 26161995-2024 coverageRapid growth
The numbers at a glanceLatest reported year · 2024
01

Latest trade

$17.4BGlobal subsector value
02

Annual change

+27.6%Latest year on year
03

Exporters

121Active reporting countries
04

Importers

103Active reporting countries
05

HS6 products

2Classifications inside HS4

The subsector read

$17.4B in trade, with +12.7% annualized growth over three years.

Silver ores and concentrates is recorded across 766 active corridors, with 121 exporters and 103 importers.

Annual trend

Subsector momentum over time

Reported global trade from 1995 to 2024. Read the methodology ↗

Annual subsector tradeReported global trade from 1995 to 2024.1995: $394.8M1996: $480.5M1997: $479.2M1998: $648.5M1999: $456.6M2000: $752.8M2001: $939.8M2002: $969.0M2003: $1.0B2004: $897.8M2005: $1.2B2006: $1.6B2007: $2.1B2008: $2.6B2009: $2.6B2010: $3.2B2011: $5.3B2012: $5.8B2013: $5.4B2014: $5.5B2015: $5.1B2016: $6.0B2017: $6.3B2018: $6.4B2019: $8.0B2020: $10.2B2021: $12.2B2022: $13.1B2023: $14.0B2024: $17.4B
Reported global trade by year.

Top trade corridors

Where the subsector moves

Leading exporter-to-importer relationships by latest reported value. See data sources ↗

Latest reported relationshipsTop 10 by trade value
RankExporterImporterTrade valueGrowthHS6DistanceFTA
1PeruPERChinaCHN$2.6B+38.2%217,167 kmYes
2RussiaRUSChinaCHN$1.8B+51.9%26,831 kmNo
3MexicoMEXChinaCHN$1.4B+16.7%212,928 kmNo
4IndonesiaIDNChinaCHN$977.4M+462.9%14,425 kmYes
5South AfricaZAFGermanyDEU$730.1M-19.8%28,837 kmYes
6BoliviaBOLChinaCHN$609.9M+44.1%218,112 kmNo
7BrazilBRAChinaCHN$415.5M+313.3%218,570 kmNo
8South AfricaZAFUnited KingdomGBR$356.7M+9.4%19,039 kmYes
9KazakhstanKAZChinaCHN$343.5M+15.5%24,117 kmNo
10AustraliaAUSChinaCHN$298.8M-2.9%28,024 kmYes

Market structure

Where supply and demand concentrate

Exporter and importer rankings show the two sides of the subsector separately. Check coverage ↗

Top exporters2024 ranking
RankCountryExportsPartnersHS6
1PeruPER$2.7B172
2RussiaRUS$1.8B62
3MexicoMEX$1.7B142
4South AfricaZAF$1.2B242
5BoliviaBOL$1.1B152
6AustraliaAUS$987.3M282
7IndonesiaIDN$977.4M42
8EcuadorECU$788.6M152
9CanadaCAN$719.1M322
10BulgariaBGR$451.1M62
Top importers2024 ranking
RankCountryImportsPartnersHS6
1ChinaCHN$11.4B812
2GermanyDEU$1.4B422
3Republic of KoreaKOR$903.3M232
4United KingdomGBR$541.9M212
5PhilippinesPHL$412.7M62
6JapanJPN$405.9M132
7FinlandFIN$287.7M122
8PeruPER$253.3M92
9TaiwanTWN$229.1M92
10BelgiumBEL$192.3M172

HS6 product coverage

The products inside HS4 2616

Six-digit classifications make the subsector specific. Browse the product workspace ↗

2 classifications shownSilver ores and concentrates
01
Silver ores and concentratesHS6 261610
02
Precious metal ores and concentrates: (excluding silver)HS6 261690

Definitions and coverage

Read the numbers with context

Reported observations and calculated indicators should be read with their coverage period. Responsible AI principles ↗

01

Reported values

Trade values describe reported merchandise trade for the HS4 classification, not company-level sales or shipment records.

02

Calculated indicators

Growth, concentration, volatility, and peak comparisons are calculated from reported observations.

03

Missing data

Unavailable observations remain unavailable. They are not filled, interpolated, or presented as forecasts.

Coverage: 1995-2024 · Data refreshed 2026-07-20 09:34:09

Data source

OECD trade statistics with CEPII context

OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-27). OECD BIMTS is the primary trade series for this view. Supporting bilateral trade context uses CEPII BACI bilateral trade flows (202601) under Etalab 2.0 Open Licence. Yugalinks presents derived views of reported observations and calculated indicators. Data terms: OECD Terms & Conditions.