Hong Kong Silver Exports to China & Trade by Country
Hong Kong exported HK$12.4bn of silver (801 tonnes) in August 2026, of which HK$1.2bn (57.8 t, 10%) went to mainland China, against 9.9 t a year earlier. Over the last 12 months exports totalled HK$72.7bn (4,517 t, about $9.3bn) and imports HK$160bn (9,260 t). The biggest source of imports was Mainland China (47%). Exports so far in 2026 are up 75% on the same months of 2025.
Hong Kong silver exports and imports, monthly since 2012
Hong Kong dollarsTop Partners, Last 12 Months
Sep 2025 – Aug 2026, all silver products, Hong Kong dollars.
Destinations (exports)
| Country | Value | Share |
|---|---|---|
| 1. Mainland China | HK$22.2bn | 30.6% |
| 2. India | HK$15.7bn | 21.6% |
| 3. Vietnam | HK$8.5bn | 11.7% |
| 4. United Arab Emirates | HK$5.2bn | 7.1% |
| 5. Thailand | HK$3.8bn | 5.3% |
| 6. United Kingdom | HK$3.5bn | 4.8% |
| 7. Australia | HK$2.4bn | 3.3% |
| 8. Taiwan | HK$1.9bn | 2.7% |
| 9. Türkiye | HK$1.8bn | 2.5% |
| 10. Singapore | HK$1.8bn | 2.5% |
| 11. Macao | HK$1.6bn | 2.2% |
| 12. Switzerland | HK$909m | 1.3% |
| 13. South Korea | HK$867m | 1.2% |
| 14. Japan | HK$580m | 0.8% |
| 15. Nepal | HK$516m | 0.7% |
| All countries | HK$72.7bn | 100% |
Sources (imports)
| Country | Value | Share |
|---|---|---|
| 1. Mainland China | HK$75.2bn | 47.1% |
| 2. United Kingdom | HK$32.7bn | 20.5% |
| 3. United States | HK$18.5bn | 11.6% |
| 4. South Korea | HK$8.6bn | 5.4% |
| 5. United Arab Emirates | HK$7.0bn | 4.4% |
| 6. Switzerland | HK$5.1bn | 3.2% |
| 7. Russia | HK$3.8bn | 2.4% |
| 8. Japan | HK$1.4bn | 0.9% |
| 9. Poland | HK$1.2bn | 0.7% |
| 10. Türkiye | HK$785m | 0.5% |
| 11. Serbia | HK$751m | 0.5% |
| 12. Belgium | HK$715m | 0.4% |
| 13. Germany | HK$713m | 0.4% |
| 14. Canada | HK$514m | 0.3% |
| 15. Thailand | HK$472m | 0.3% |
| All countries | HK$160bn | 100% |
Month by Month
The last 12 months, with the largest partner each month.
| Month | To China (t) | Exports | Imports | Net |
|---|---|---|---|---|
| Aug 2026 | 57.8 | HK$12.4bn | HK$17.4bn | −HK$5.0bn |
| Jul 2026 | 44.1 | HK$7.0bn | HK$19.6bn | −HK$12.6bn |
| Jun 2026 | 30.2 | HK$1.8bn | HK$11.2bn | −HK$9.4bn |
| May 2026 | 71.2 | HK$2.4bn | HK$10.4bn | −HK$8.1bn |
| Apr 2026 | 180 | HK$6.2bn | HK$15.3bn | −HK$9.1bn |
| Mar 2026 | 324 | HK$9.1bn | HK$27.8bn | −HK$18.7bn |
| Feb 2026 | 197 | HK$8.7bn | HK$25.0bn | −HK$16.3bn |
| Jan 2026 | 80.2 | HK$4.6bn | HK$9.6bn | −HK$5.0bn |
| Dec 2025 | 37.1 | HK$3.2bn | HK$6.1bn | −HK$2.8bn |
| Nov 2025 | 11.6 | HK$6.2bn | HK$5.8bn | +HK$418m |
| Oct 2025 | 9.4 | HK$7.5bn | HK$7.4bn | +HK$76.0m |
| Sep 2025 | 17.1 | HK$3.5bn | HK$4.1bn | −HK$589m |
By Product, Last 12 Months
| Product (HS code) | Exports | Imports |
|---|---|---|
| Unwrought silver (bars, grain) 7106.91 | HK$71.5bn | HK$158bn |
| Semi-manufactured silver 7106.92 | HK$1.0bn | HK$1.3bn |
| Silver powder 7106.10 | HK$169m | HK$225m |
Year by Year
| Year | To China (t) | Exports | Imports | Net |
|---|---|---|---|---|
| 2026 (8 mo.) | 984 | HK$52.2bn | HK$136bn | −HK$84.1bn |
| 2025 | 194 | HK$50.3bn | HK$53.5bn | −HK$3.2bn |
| 2024 | 371 | HK$34.5bn | HK$31.8bn | +HK$2.7bn |
| 2023 | 229 | HK$36.7bn | HK$21.4bn | +HK$15.3bn |
| 2022 | 230 | HK$27.1bn | HK$19.1bn | +HK$7.9bn |
| 2021 | 308 | HK$52.1bn | HK$22.1bn | +HK$30.0bn |
| 2020 | 412 | HK$23.4bn | HK$9.6bn | +HK$13.8bn |
| 2019 | 445 | HK$12.3bn | HK$8.2bn | +HK$4.1bn |
| 2018 | 789 | HK$17.2bn | HK$7.2bn | +HK$10.0bn |
| 2017 | 885 | HK$24.3bn | HK$7.1bn | +HK$17.2bn |
| 2016 | 663 | HK$11.8bn | HK$3.5bn | +HK$8.2bn |
| 2015 | 595 | HK$10.0bn | HK$3.9bn | +HK$6.1bn |
| 2014 | 433 | HK$23.0bn | HK$6.9bn | +HK$16.1bn |
| 2013 | 443 | HK$20.1bn | HK$7.2bn | +HK$12.9bn |
| 2012 | 718 | HK$27.0bn | HK$9.3bn | +HK$17.7bn |
Exports by destination and year (top 20)
| Country | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Mainland China | HK$21.5bn | HK$1.4bn | HK$2.4bn | HK$863m | HK$543m | HK$1.1bn |
| India | HK$5.2bn | HK$21.3bn | HK$10.0bn | HK$6.4bn | HK$12.7bn | HK$7.6bn |
| Vietnam | HK$6.4bn | HK$2.6bn | HK$68.3m | HK$42.1m | HK$16.9m | HK$12.0m |
| United Arab Emirates | HK$3.7bn | HK$1.9bn | HK$614m | HK$1.1bn | HK$32.7m | HK$57.8m |
| Thailand | HK$2.5bn | HK$4.0bn | HK$2.0bn | HK$1.7bn | HK$1.8bn | HK$2.6bn |
| United Kingdom | HK$2.2bn | HK$10.4bn | HK$12.5bn | HK$12.1bn | HK$3.0bn | HK$24.5bn |
| Australia | HK$1.3bn | HK$1.2bn | HK$136m | HK$1.1bn | HK$2.8bn | HK$2.2bn |
| Taiwan | HK$1.5bn | HK$1.5bn | HK$2.3bn | HK$4.3bn | HK$2.4bn | HK$3.8bn |
| Türkiye | HK$1.8bn | HK$659m | HK$266m | HK$925m | — | — |
| Singapore | HK$1.0bn | HK$1.4bn | HK$137m | HK$356m | HK$379m | HK$759m |
| Macao | HK$1.6bn | HK$17.8m | HK$39.8m | HK$91k | HK$899k | HK$1.3m |
| Switzerland | HK$499m | HK$1.4bn | HK$1.4bn | HK$2.6bn | HK$556m | HK$3.6bn |
| South Korea | HK$832m | HK$35.6m | HK$2.6m | HK$1.8m | HK$2.7m | HK$39.5m |
| Japan | HK$570m | HK$230m | HK$256m | HK$362m | HK$841m | HK$1.5bn |
| Nepal | HK$348m | HK$287m | HK$144m | HK$176m | HK$33.6m | HK$543m |
| Indonesia | HK$362m | HK$153m | HK$2.3m | HK$1.4m | HK$107m | HK$2.5m |
| Canada | HK$286m | HK$507m | HK$745m | HK$812m | HK$555m | HK$481m |
| United States | HK$266m | HK$1.2bn | HK$1.5bn | HK$3.5bn | HK$1.1bn | HK$2.9bn |
| Egypt | HK$185m | HK$13k | — | — | HK$4k | — |
| Uzbekistan | HK$129m | — | — | — | — | — |
Imports by source and year (top 20)
| Country | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Mainland China | HK$55.3bn | HK$45.7bn | HK$23.8bn | HK$14.7bn | HK$15.8bn | HK$15.8bn |
| United Kingdom | HK$32.7bn | HK$1.0m | HK$2.5m | HK$3.6m | HK$88.9m | HK$397m |
| United States | HK$18.0bn | HK$508m | HK$34.8m | HK$80.3m | HK$125m | HK$279m |
| South Korea | HK$8.6bn | HK$2.4bn | HK$3.0bn | HK$993m | HK$666m | HK$981m |
| United Arab Emirates | HK$7.0bn | HK$57.7m | HK$77.0m | HK$27.2m | — | — |
| Switzerland | HK$4.8bn | HK$354m | HK$938k | HK$36.1m | HK$260m | HK$77.9m |
| Russia | HK$2.0bn | HK$2.4bn | HK$494m | HK$1.4bn | HK$96.4m | — |
| Japan | HK$1.3bn | HK$151m | HK$95.2m | HK$185m | HK$227m | HK$273m |
| Poland | HK$1.2bn | HK$1.3m | HK$673k | HK$185k | HK$317k | HK$3.4m |
| Türkiye | HK$780m | HK$6.9m | HK$17.4m | HK$28.7m | — | — |
| Serbia | HK$601m | HK$364m | HK$213m | — | HK$39.3m | HK$17.6m |
| Belgium | HK$715m | — | — | — | — | — |
| Germany | HK$528m | HK$564m | HK$8.4m | HK$3.2m | HK$8.1m | HK$26.7m |
| Canada | HK$505m | HK$19.2m | HK$30.8m | HK$12.2m | HK$1.7m | HK$20.9m |
| Thailand | HK$458m | HK$14.5m | HK$707k | HK$1.7m | HK$502k | HK$1.8m |
| Kazakhstan | HK$454m | — | — | — | — | — |
| Armenia | HK$20.6m | HK$364m | HK$1.4bn | HK$3.0m | — | — |
| Australia | HK$253m | HK$81.3m | HK$2.0m | HK$2.8m | HK$3.7m | HK$26.5m |
| Indonesia | HK$209m | HK$262m | HK$344m | HK$226m | HK$269m | HK$109m |
| Austria | HK$203m | — | — | — | — | — |
Hong Kong Silver Trade: FAQ
How much silver does Hong Kong export to China?
In August 2026 Hong Kong exported 57.8 tonnes of silver worth HK$1.2bn to mainland China (9.9 t in August 2025). Over the 12 months to August 2026 the total was 1,059 t worth HK$22.2bn, 31% of all Hong Kong silver exports.
Where does Hong Kong export its silver to?
Over the 12 months to August 2026 the largest destinations were Mainland China (HK$22.2bn, 31%), India (HK$15.7bn, 22%), Vietnam (HK$8.5bn, 12%), United Arab Emirates (HK$5.2bn, 7%), out of HK$72.7bn in all.
Where does Hong Kong import silver from?
Over the same 12 months the largest sources were Mainland China (HK$75.2bn, 47%), United Kingdom (HK$32.7bn, 20%), United States (HK$18.5bn, 12%), South Korea (HK$8.6bn, 5%), out of HK$160bn in all.
Why are Hong Kong's silver exports to China watched so closely?
Hong Kong is a trading hub between mainland China and the rest of the world, and its silver flows show part of China's demand from industry and investors. Mainland China also publishes its own customs figures, which cover all its trading partners.
What do the figures include?
HS heading 7106: unwrought silver (bars, grain), semi-manufactured silver, silver powder. Coins, jewellery, scrap and ores are counted elsewhere. Exports are total exports (domestic exports plus re-exports of goods that came into Hong Kong first); imports are all imports. Values are in Hong Kong dollars, not adjusted for inflation; quantities are in tonnes, from the kilograms C&SD publishes. C&SD's monthly detail by country and HS code starts in January 2012.
How often is this updated?
Monthly. The Census and Statistics Department publishes each month's trade figures about four weeks after the month ends and may revise recent months. This page picks up a new month within a day or so.
Source: Census and Statistics Department, Hong Kong SAR Government (Interactive Data Dissemination Service for Trade Statistics, via DATA.GOV.HK). The Government owns the intellectual property rights in the data. C&SD trade statistics by country of consignment and HS 6-digit code, total exports (domestic exports and re-exports) and imports, monthly from 2012, data to August 2026; recent months may be revised. Used under the DATA.GOV.HK terms of use; the Government and C&SD do not endorse Corgano. Totals over several months, shares, rankings, net trade, tonnes (from kilograms) and the US-dollar figure (Federal Reserve H.10 rates) are Corgano's calculations.
See also: silver price in Hong Kong · UK silver exports · US silver trade.
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@misc{corgano2026hongkongsilverexports, author = {{Corgano}}, title = {Hong Kong Silver Exports to China & Trade by Country}, howpublished = {\url{https://silverprice.corgano.com/hong-kong-silver-exports}}, year = {2026}, note = {Corgano Silver Price, accessed 2026-10-27}}