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Who buys Mexico’s silver? Export destinations 2024

In 2024, Mexico exported $3.1 billion of silver (3 thousand tonnes), 10.1% of the world total. The United States bought 84% of the total, followed by Japan (11%) and Canada (2%). Mexico was the world’s 2nd-largest exporter of silver.

Summary

Value
$3.1billion
Tonnes
3thousand tonnes
Share of world total
10.1%
World rank
2nd
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
United States2.6Tonnes: 2,876USD per tonne: $900,64883.9%Land
Japan0.35Tonnes: 403USD per tonne: $859,11311.2%Air
Canada0.07Tonnes: 74USD per tonne: $965,6312.3%Air
United Kingdom0.04Tonnes: 40USD per tonne: $1,063,0261.4%Air
Brazil0.03Tonnes: 36USD per tonne: $900,3101.1%Air
Czechia< 0.01Tonnes: 2USD per tonne: $1,040,3160.07%Air
Poland< 0.01Tonnes: 25USD per tonne: $43,8370.04%Sea
Italy< 0.01Tonnes: 1USD per tonne: $764,3900.03%Air
Malaysia< 0.01Tonnes: 1USD per tonne: $578,6490.02%Air
Colombia< 0.01Tonnes: 1USD per tonne: $302,4330%Air
Thailand< 0.01Tonnes: 0USD per tonne: $924,5440%Air
China< 0.01Tonnes: 0USD per tonne: $1,006,2810%Air
Costa Rica< 0.01Tonnes: 0USD per tonne: $1,080,4800%Air
Guatemala< 0.01Tonnes: 5USD per tonne: $8,4360%Land
Singapore re-exports< 0.01Tonnes: 0USD per tonne: $106,2790%Air
Germany< 0.01Tonnes: 0USD per tonne: $191,8750%Air
Netherlands re-exports< 0.01Tonnes: 0USD per tonne: $4,018,2500%Air
Ecuador< 0.01Tonnes: 0USD per tonne: $1,179,6920%Air
Switzerland< 0.01Tonnes: 0USD per tonne: $540,6110%Air
Nicaragua< 0.01Tonnes: 0USD per tonne: $99,7130%Air

Trend

Who it sells to

The United States was its main destination throughout the period

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

  • United States 2.6
  • Japan 0.35
  • Canada 0.07
  • United Kingdom 0.04
  • Brazil 0.03

Source: CEPII BACI

Show the numbers
Partner19952024
United States0.182.6
Japan0.070.35
Canada< 0.010.07
United Kingdom0.050.04
Brazil< 0.010.03

Sources and methodology

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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