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

In 2024, the United States imported $5.3 billion of silver (7 thousand tonnes), 17.4% of the world total. Its main sources were Mexico (49%), Canada (19%) and South Korea (7%). The United States was the world’s largest importer of silver.

Summary

Value
$5.3billion
Tonnes
7thousand tonnes
Share of world total
17.4%
World rank
1st
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
Mexico2.6Tonnes: 2,876USD per tonne: $900,64848.8%Land
Canada1Tonnes: 1,289USD per tonne: $786,67819.1%Land
South Korea0.39Tonnes: 404USD per tonne: $958,3757.3%Air
Chile0.25Tonnes: 283USD per tonne: $878,2114.7%Air
Poland0.23Tonnes: 348USD per tonne: $648,7604.3%Air
Kazakhstan0.2Tonnes: 232USD per tonne: $874,7043.8%Air
Germany0.11Tonnes: 137USD per tonne: $779,2202%Air
Switzerland0.1Tonnes: 224USD per tonne: $454,6311.9%Air
Belgium re-exports0.08Tonnes: 98USD per tonne: $842,1091.6%Air
United Kingdom0.07Tonnes: 158USD per tonne: $468,4291.4%Air
Peru0.06Tonnes: 63USD per tonne: $947,3761.1%Air
Taiwan0.04Tonnes: 56USD per tonne: $770,1890.81%Air
Sweden0.03Tonnes: 36USD per tonne: $883,0190.6%Air
Argentina0.03Tonnes: 31USD per tonne: $911,3500.53%Air
Nicaragua0.02Tonnes: 24USD per tonne: $673,2180.31%Air
South Africa0.02Tonnes: 24USD per tonne: $634,4060.29%Air
Italy0.01Tonnes: 29USD per tonne: $475,3040.26%Air
Colombia0.01Tonnes: 15USD per tonne: $919,2860.26%Air
Japan0.01Tonnes: 51USD per tonne: $262,4030.25%Air
Hong Kong re-exports0.01Tonnes: 11USD per tonne: $755,6030.15%Air

Trend

Who it buys from

Mexico has been its main source since 2002

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

  • Mexico 2.6
  • Canada 1
  • South Korea 0.39
  • Chile 0.25
  • Poland 0.23

Source: CEPII BACI

Show the numbers
Partner19952024
Mexico0.182.6
Canada0.181
South Korea< 0.010.39
Chile0.080.25
Poland< 0.010.23

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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