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Who buys Switzerland’s silver? Export destinations 2024

In 2024, Switzerland exported $1.7 billion of silver (2 thousand tonnes), 5.7% of the world total. Its main destinations were the United Kingdom (24%), Turkey (13%) and India (10%). Switzerland was the world’s 6th-largest exporter of silver.

Summary

Value
$1.7billion
Tonnes
2thousand tonnes
Share of world total
5.7%
World rank
6th
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
United Kingdom426Tonnes: 466USD per tonne: $913,55224.4%Air
Turkey220Tonnes: 223USD per tonne: $986,29512.6%Air
India173Tonnes: 193USD per tonne: $892,1779.9%Air
France151Tonnes: 157USD per tonne: $957,7878.6%Land
United Arab Emirates130Tonnes: 169USD per tonne: $766,6797.4%Air
Germany126Tonnes: 148USD per tonne: $849,3247.2%Land
Italy126Tonnes: 147USD per tonne: $852,2607.2%Land
Thailand116Tonnes: 145USD per tonne: $804,6986.7%Air
United States102Tonnes: 224USD per tonne: $454,6315.8%Air
Lebanon39.8Tonnes: 41USD per tonne: $969,8182.3%Air
Austria31.8Tonnes: 38USD per tonne: $840,7681.8%Land
Singapore re-exports22Tonnes: 23USD per tonne: $951,4371.3%Air
Canada17.5Tonnes: 29USD per tonne: $597,0151%Air
Saudi Arabia15.3Tonnes: 16USD per tonne: $969,4110.88%Air
Sweden14.1Tonnes: 17USD per tonne: $816,0290.81%Air
Jordan13Tonnes: 13USD per tonne: $1,041,8240.75%Air
China6.1Tonnes: 8USD per tonne: $736,3970.35%Air
Czechia4.3Tonnes: 5USD per tonne: $865,6420.24%Air
Uzbekistan2.3Tonnes: 3USD per tonne: $753,6830.13%Air
Malaysia1.1Tonnes: 1USD per tonne: $1,005,8900.06%Air

Trend

Who it sells to

The United Kingdom has been its main destination since 2024

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

  • United Kingdom 0.43
  • Turkey 0.22
  • India 0.17
  • France 0.15
  • United Arab Emirates 0.13

Source: CEPII BACI

Show the numbers
Partner19952024
United Kingdom< 0.010.43
Turkey0.010.22
India0.080.17
France0.020.15
United Arab Emirates< 0.010.13

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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