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Where does Japan get its silver? Import sources 2024

In 2024, Japan imported $1.4 billion of silver (2 thousand tonnes), 4.7% of the world total. South Korea sold 65% of the total, followed by Mexico (24%) and the United States (5%). Japan was the world’s 5th-largest importer of silver.

Summary

Value
$1.4billion
Tonnes
2thousand tonnes
Share of world total
4.7%
World rank
5th
Routes from the main sources. Width: value; color: estimated transport mode.SeaAirLand

Sources

The 20 main sources in the latest year.

PartnerValue (USD millions)TonnesUSD per tonneShareMode
South Korea945Tonnes: 1,106USD per tonne: $854,05065.2%Air
Mexico346Tonnes: 403USD per tonne: $859,11323.9%Air
United States73.8Tonnes: 213USD per tonne: $346,5475.1%Air
China27.5Tonnes: 106USD per tonne: $258,7081.9%Air
Philippines13.3Tonnes: 50USD per tonne: $267,0980.92%Air
Poland12.6Tonnes: 120USD per tonne: $104,4420.87%Air
Taiwan7.5Tonnes: 60USD per tonne: $124,4890.52%Air
Germany6.2Tonnes: 7USD per tonne: $889,7200.43%Air
Malaysia4.3Tonnes: 88USD per tonne: $48,6210.3%Sea
United Kingdom3.6Tonnes: 25USD per tonne: $143,1900.25%Air
Hong Kong re-exports2.5Tonnes: 3USD per tonne: $977,7960.17%Air
Thailand2.1Tonnes: 28USD per tonne: $75,8650.15%Air
Australia1.7Tonnes: 2USD per tonne: $958,0080.12%Air
Singapore re-exports0.55Tonnes: 3USD per tonne: $208,8660.04%Air
Belgium re-exports0.53Tonnes: 1USD per tonne: $995,4530.04%Air
Switzerland0.32Tonnes: 0USD per tonne: $1,141,0790.02%Air
Canada0.17Tonnes: 0USD per tonne: $1,013,3940.01%Air
France0.15Tonnes: 1USD per tonne: $120,4280.01%Air
Turkey0.13Tonnes: 0USD per tonne: $1,064,5210.01%Air
Greece0.11Tonnes: 0USD per tonne: $1,033,2140.01%Air

Trend

Who it buys from

South Korea has been its main source since 2004

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

  • South Korea 0.94
  • Mexico 0.35
  • United States 0.07
  • China 0.03
  • Philippines 0.01

Source: CEPII BACI

Show the numbers
Partner19952024
South Korea< 0.010.94
Mexico0.070.35
United States0.040.07
China< 0.010.03
Philippines< 0.010.01

Sources and methodology

Other products of this country

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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