Silver in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $1.15B in Silver, making it the 11th largest exporter of Silver in the world. At the same year, Silver was the 84th most exported product in Canada. The main destination of Silver exports from Canada are: United States ($878M), Canada ($212M), Germany ($23M), United Kingdom ($19M), and Turkey ($7.02M).

The fastest growing export markets for Silver of Canada between 2021 and 2022 were United States ($96.3M), United Kingdom ($19M), and Turkey ($7.02M).

Imports In 2022, Canada imported $3.77B in Silver, becoming the 2nd largest importer of Silver in the world. At the same year, Silver was the 23rd most imported product in Canada. Canada imports Silver primarily from: United Kingdom ($1.17B), United States ($755M), Chinese Taipei ($317M), Germany ($312M), and Canada ($212M).

The fastest growing import markets in Silver for Canada between 2021 and 2022 were Sweden ($119M), Uzbekistan ($55.3M), and Germany ($38.1M).

Latest Trends

February 2024

About

Overview In February 2024 Canada's Silver exports accounted up to C$46.2M and imports accounted up to C$65.9M, resulting in a negative trade balance of C$19.7M. Between February 2023 and February 2024 the exports of Canada's Silver have decreased by C$-63.5M (-57.9%) from C$110M to C$46.2M, while imports decreased by C$-71.7M (-52.1%) from C$138M to C$65.9M.

Destinations In February 2024, Silver were exported mostly to United States (C$39.5M), Switzerland (C$3.49M), Germany (C$2.67M), Poland (C$450k), and Malaysia (C$114k), and were imported mostly from Poland (C$19M), Germany (C$15.1M), United States (C$9.04M), Argentina (C$8.83M), and Bolivia (C$4.74M).

Growth In February 2024, the decrease in Silver's year-by-year exports was explained primarily by a decrease in exports to United States (C$-27.8M or -20.2%), Australia (C$-14.4k or -12.5%), and Mexico (C$-3.39k or -99%). In February 2024, the decrease in Silver's year-by-year imports was explained primarily by a decrease in imports from United Kingdom (C$-55.6M or -99.3%), United States (C$-27.3M or -35.6%), and South Korea (C$-19.1M or -100%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)C$-63.5M(-57.9%)

IMPORT GROWTH (February 2023 - February 2024)C$-71.7M(-52.1%)

MAIN EXPORTER (February 2024)OntarioC$45.3M

MAIN DESTINATION (February 2024)United StatesC$39.5M

This section shows Silver's exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Silver over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.15B

IMPORTS (2022)$3.77B

NET TRADE (2022)-$2.62B

In 2022, Canada exported $1.15B in Silver. The main destinations of Canada exports on Silver were United States ($878M), Canada ($212M), Germany ($23M), United Kingdom ($19M), and Turkey ($7.02M).

In 2022, Canada imported $3.77B in Silver, mainly from United Kingdom ($1.17B), United States ($755M), Chinese Taipei ($317M), Germany ($312M), and Canada ($212M).

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