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Who buys China’s silver? Export destinations 2024

In 2024, China exported $5.1 billion of silver (8 thousand tonnes), 16.7% of the world total. Hong Kong bought 61% of the total, followed by the United Kingdom (29%) and Thailand (4%). China was the world’s largest exporter of silver.

Summary

Value
$5.1billion
Tonnes
8thousand tonnes
Share of world total
16.7%
World rank
1st
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
Hong Kong re-exports3.1Tonnes: 3,513USD per tonne: $881,28060.6%Land
United Kingdom1.5Tonnes: 1,577USD per tonne: $937,05528.9%Air
Thailand0.21Tonnes: 253USD per tonne: $840,3704.2%Air
Switzerland0.11Tonnes: 113USD per tonne: $944,6672.1%Air
Turkey0.07Tonnes: 70USD per tonne: $964,4551.3%Air
Taiwan0.06Tonnes: 92USD per tonne: $703,6391.3%Air
Japan0.03Tonnes: 106USD per tonne: $258,7080.54%Air
Malaysia0.02Tonnes: 2USD per tonne: $9,019,7660.35%Air
Singapore re-exports0.01Tonnes: 295USD per tonne: $32,2620.19%Air
Australia0.01Tonnes: 9USD per tonne: $683,9800.12%Air
Czechia< 0.01Tonnes: 11USD per tonne: $374,3580.08%Air
India< 0.01Tonnes: 1,858USD per tonne: $1,1570.04%Land
South Korea< 0.01Tonnes: 31USD per tonne: $68,5960.04%Air
Italy< 0.01Tonnes: 8USD per tonne: $265,9350.04%Air
Canada< 0.01Tonnes: 2USD per tonne: $1,102,6590.04%Air
Hungary< 0.01Tonnes: 21USD per tonne: $68,5120.03%Air
Estonia< 0.01Tonnes: 3USD per tonne: $246,4200.02%Air
Slovenia< 0.01Tonnes: 1USD per tonne: $933,9250.01%Air
Indonesia< 0.01Tonnes: 33USD per tonne: $22,1590.01%Sea
Mexico< 0.01Tonnes: 8USD per tonne: $70,5100.01%Air

Trend

Who it sells to

Hong Kong was its main destination throughout the period

Value in USD billions. The five largest destinations in 2024.

  • Hong Kong 3.1
  • United Kingdom 1.5
  • Thailand 0.21
  • Switzerland 0.11
  • Turkey 0.07

Source: CEPII BACI

Show the numbers
Partner19952024
Hong Kong< 0.013.1
United Kingdom01.5
Thailand< 0.010.21
Switzerland00.11
Turkey00.07

Sources and methodology

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Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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