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Who buys Japan’s silver? Export destinations 2024

In 2024, Japan exported $1.5 billion of silver (5 thousand tonnes), 4.9% of the world total. China bought 63% of the total, followed by Taiwan (12%) and Malaysia (5%). Japan was the world’s 7th-largest exporter of silver.

Summary

Value
$1.5billion
Tonnes
5thousand tonnes
Share of world total
4.9%
World rank
7th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD millions)TonnesUSD per tonneShareMode
China939Tonnes: 2,221USD per tonne: $422,62062.5%Air
Taiwan186Tonnes: 528USD per tonne: $353,27312.4%Air
Malaysia81.4Tonnes: 188USD per tonne: $432,9795.4%Air
South Korea67.7Tonnes: 550USD per tonne: $123,0134.5%Air
Thailand49.5Tonnes: 258USD per tonne: $191,4863.3%Air
Singapore re-exports39.2Tonnes: 77USD per tonne: $512,6122.6%Air
Vietnam20.5Tonnes: 77USD per tonne: $265,8011.4%Air
Czechia18.9Tonnes: 284USD per tonne: $66,4691.3%Air
Indonesia17.4Tonnes: 85USD per tonne: $205,1611.2%Air
Philippines15.2Tonnes: 80USD per tonne: $188,6731%Air
Hong Kong re-exports14.1Tonnes: 134USD per tonne: $105,5930.94%Air
United States13.4Tonnes: 51USD per tonne: $262,4030.89%Air
Poland11Tonnes: 157USD per tonne: $69,5730.73%Air
Mexico7.7Tonnes: 166USD per tonne: $46,6820.52%Air
Germany6.2Tonnes: 85USD per tonne: $72,8290.41%Air
Belgium re-exports4.8Tonnes: 5USD per tonne: $965,6570.32%Air
Switzerland3.3Tonnes: 32USD per tonne: $104,6950.22%Air
Italy1.2Tonnes: 2USD per tonne: $672,6610.08%Air
India0.72Tonnes: 12USD per tonne: $59,0070.05%Air
New Zealand0.54Tonnes: 0USD per tonne: $2,083,8950.04%Air

Trend

Who it sells to

China has been its main destination since 2017

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

  • China 0.94
  • Taiwan 0.19
  • Malaysia 0.08
  • South Korea 0.07
  • Thailand 0.05

Source: CEPII BACI

Show the numbers
Partner19952024
China< 0.010.94
Taiwan0.010.19
Malaysia< 0.010.08
South Korea< 0.010.07
Thailand< 0.010.05

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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