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Where does the United Kingdom get its silver? Import sources 2024

In 2024, the United Kingdom imported $4.2 billion of silver (5 thousand tonnes), 13.6% of the world total. Its main sources were China (36%), Germany (20%) and Poland (11%). The United Kingdom was the world’s 2nd-largest importer of silver.

Summary

Value
$4.2billion
Tonnes
5thousand tonnes
Share of world total
13.6%
World rank
2nd
Routes from the main sources. Width: value; color: estimated transport mode.SeaAirLand

Sources

The 20 main sources in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
China1.5Tonnes: 1,577USD per tonne: $937,05535.6%Air
Germany0.84Tonnes: 1,034USD per tonne: $814,77620.3%Air
Poland0.47Tonnes: 523USD per tonne: $905,04211.4%Air
Switzerland0.43Tonnes: 466USD per tonne: $913,55210.3%Air
Kazakhstan0.27Tonnes: 283USD per tonne: $941,8446.4%Air
Sweden0.14Tonnes: 159USD per tonne: $900,5303.5%Air
Spain0.14Tonnes: 154USD per tonne: $889,8443.3%Air
United States0.08Tonnes: 233USD per tonne: $359,0742%Air
Uzbekistan0.07Tonnes: 70USD per tonne: $982,7141.7%Air
India0.05Tonnes: 85USD per tonne: $544,7661.1%Air
Mexico0.04Tonnes: 40USD per tonne: $1,063,0261%Air
Australia0.04Tonnes: 48USD per tonne: $884,8461%Air
United Arab Emirates0.03Tonnes: 28USD per tonne: $1,007,9050.69%Air
Hong Kong re-exports0.02Tonnes: 30USD per tonne: $687,3960.49%Air
Peru0.02Tonnes: 21USD per tonne: $735,6380.37%Air
Italy0.01Tonnes: 32USD per tonne: $310,5990.24%Air
France0.01Tonnes: 34USD per tonne: $215,3980.21%Air
Taiwan0.01Tonnes: 11USD per tonne: $736,0910.2%Air
Finland0.01Tonnes: 7USD per tonne: $901,3800.15%Air
Hungary< 0.01Tonnes: 14USD per tonne: $60,5740.02%Air

Trend

Who it buys from

China has been its main source since 2023

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

  • China 1.5
  • Germany 0.84
  • Poland 0.47
  • Switzerland 0.43
  • Kazakhstan 0.27

Source: CEPII BACI

Show the numbers
Partner19952024
China01.5
Germany0.010.84
Poland0.030.47
Switzerland< 0.010.43
Kazakhstan0.070.27

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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