US Silver Exports & Imports by Country
The United States exported $358m of silver and imported $903m in August 2026 (net imports of $545m). Over the last 12 months exports totalled $22.4bn and imports $9.0bn. The biggest destination was United Kingdom ($10.9bn, 49%) and the biggest source Mexico ($6.1bn, 68%).
US silver exports and imports, monthly since 2014
US dollarsThis product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Top Partners, Last 12 Months
Sep 2025 – Aug 2026, all silver products, US dollars.
Destinations (US exports)
| Country | Value | Share |
|---|---|---|
| 1. United Kingdom | $10.9bn | 48.7% |
| 2. Canada | $2.5bn | 11.1% |
| 3. Hong Kong | $2.3bn | 10.4% |
| 4. United Arab Emirates | $1.7bn | 7.6% |
| 5. Switzerland | $1.1bn | 5.0% |
| 6. India | $932m | 4.2% |
| 7. Turkey | $803m | 3.6% |
| 8. Taiwan | $225m | 1.0% |
| 9. Japan | $216m | 1.0% |
| 10. Mexico | $214m | 1.0% |
| 11. France | $194m | 0.9% |
| 12. South Korea | $161m | 0.7% |
| 13. Germany | $160m | 0.7% |
| 14. China | $153m | 0.7% |
| 15. Italy | $152m | 0.7% |
| All countries | $22.4bn | 100% |
Sources (US imports)
| Country | Value | Share |
|---|---|---|
| 1. Mexico | $6.1bn | 67.5% |
| 2. Canada | $1.3bn | 14.6% |
| 3. Poland | $318m | 3.5% |
| 4. Chile | $289m | 3.2% |
| 5. Belgium | $280m | 3.1% |
| 6. South Korea | $121m | 1.3% |
| 7. Peru | $114m | 1.3% |
| 8. Kazakhstan | $103m | 1.1% |
| 9. Switzerland | $96.8m | 1.1% |
| 10. Argentina | $86.2m | 1.0% |
| 11. Germany | $57.0m | 0.6% |
| 12. Colombia | $24.0m | 0.3% |
| 13. Japan | $20.7m | 0.2% |
| 14. Taiwan | $20.1m | 0.2% |
| 15. United Kingdom | $16.3m | 0.2% |
| All countries | $9.0bn | 100% |
Month by Month
The last 12 months, with the largest partner each month.
| Month | Exports | Imports | Net |
|---|---|---|---|
| Aug 2026 | $358m | $903m | −$545m |
| Jul 2026 | $294m | $881m | −$588m |
| Jun 2026 | $428m | $1.2bn | −$768m |
| May 2026 | $615m | $974m | −$359m |
| Apr 2026 | $1.5bn | $782m | +$762m |
| Mar 2026 | $3.4bn | $816m | +$2.6bn |
| Feb 2026 | $4.8bn | $772m | +$4.0bn |
| Jan 2026 | $4.7bn | $698m | +$4.0bn |
| Dec 2025 | $929m | $674m | +$255m |
| Nov 2025 | $1.3bn | $303m | +$955m |
| Oct 2025 | $3.9bn | $411m | +$3.5bn |
| Sep 2025 | $254m | $631m | −$377m |
By Product, Last 12 Months
| Product (HS code) | Exports | Imports |
|---|---|---|
| Unwrought silver (bars, grain) 7106.91 | $18.9bn | $8.1bn |
| Semi-manufactured silver 7106.92 | $2.3bn | $877m |
| Silver powder 7106.10 | $1.2bn | $28.7m |
Year by Year
| Year | Exports | Imports | Net |
|---|---|---|---|
| 2026 (8 mo.) | $16.1bn | $7.0bn | +$9.1bn |
| 2025 | $8.4bn | $8.4bn | −$4.3m |
| 2024 | $1.4bn | $5.1bn | −$3.7bn |
| 2023 | $1.4bn | $6.0bn | −$4.6bn |
| 2022 | $1.8bn | $5.4bn | −$3.6bn |
| 2021 | $2.8bn | $6.7bn | −$3.9bn |
| 2020 | $1.9bn | $5.9bn | −$4.0bn |
| 2019 | $996m | $3.2bn | −$2.2bn |
| 2018 | $1.3bn | $3.3bn | −$2.0bn |
| 2017 | $1.0bn | $3.6bn | −$2.6bn |
| 2016 | $1.3bn | $4.4bn | −$3.1bn |
| 2015 | $1.3bn | $0k | +$1.3bn |
| 2014 | $1.3bn | $0k | +$1.3bn |
Exports by destination and year (top 20)
| Country | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| United Kingdom | $6.9bn | $4.9bn | $86.8m | $42.9m | $103m | $45.0m |
| Canada | $1.9bn | $1.2bn | $505m | $696m | $929m | $2.0bn |
| Hong Kong | $2.3bn | $13.9m | $10.8m | $13.0m | $17.4m | $43.9m |
| United Arab Emirates | $1.5bn | $250m | $22.4m | $3.9m | $2.0m | $1.9m |
| Switzerland | $662m | $551m | $66.1m | $21.1m | $31.8m | $21.0m |
| India | $513m | $487m | $16.8m | $14.7m | $68.8m | $30.4m |
| Turkey | $596m | $207m | $279k | $165k | $201k | $108k |
| Taiwan | $188m | $81.0m | $70.0m | $41.8m | $60.5m | $97.6m |
| Japan | $189m | $64.1m | $50.5m | $35.7m | $41.9m | $46.0m |
| Mexico | $160m | $159m | $123m | $115m | $143m | $110m |
| France | $170m | $87.2m | $77.4m | $55.3m | $60.0m | $68.2m |
| South Korea | $122m | $83.6m | $60.0m | $51.5m | $47.9m | $55.6m |
| Germany | $134m | $51.0m | $26.9m | $46.8m | $45.3m | $21.9m |
| China | $122m | $101m | $106m | $95.6m | $75.4m | $85.9m |
| Italy | $137m | $46.4m | $7.9m | $8.5m | $7.4m | $4.6m |
| Australia | $113m | $35.6m | $2.6m | $2.4m | $4.0m | $3.3m |
| Mauritius | $92.8m | $7k | $55k | $7k | $41k | $7k |
| Singapore | $70.4m | $20.8m | $13.4m | $42.4m | $48.6m | $60.1m |
| Netherlands | $57.3m | $30.9m | $26.4m | $17.0m | $14.0m | $15.8m |
| Thailand | $47.7m | $5.5m | $3.8m | $2.8m | $5.0m | $5.4m |
Imports by source and year (top 20)
| Country | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Mexico | $4.6bn | $4.0bn | $2.6bn | $2.7bn | $2.1bn | $2.5bn |
| Canada | $1.2bn | $1.1bn | $937m | $968m | $876m | $764m |
| Poland | $234m | $332m | $218m | $279m | $241m | $533m |
| Chile | $220m | $213m | $250m | $185m | $205m | $225m |
| Belgium | $206m | $152m | $80.6m | $68.0m | $50.4m | $14.6m |
| South Korea | $120m | $758m | $410m | $472m | $311m | $290m |
| Peru | $87.8m | $66.5m | $64.5m | $45.1m | $36.0m | $39.1m |
| Kazakhstan | $60.6m | $450m | $147m | $96.2m | $330m | $90.0m |
| Switzerland | $89.8m | $133m | $42.3m | $161m | $128m | $545m |
| Argentina | $63.4m | $40.3m | $28.2m | $26.2m | $13.0m | $8.0m |
| Germany | $45.2m | $392m | $111m | $82.0m | $91.2m | $156m |
| Colombia | $18.0m | $15.2m | $16.5m | $6.2m | $9.5m | $8.6m |
| Japan | $18.5m | $148m | $10.5m | $17.3m | $13.3m | $13.0m |
| Taiwan | $7.1m | $106m | $45.6m | $396m | $288m | $307m |
| United Kingdom | $4.3m | $117m | $30.6m | $126m | $134m | $412m |
| Nicaragua | $12.2m | $5.2m | $6.8m | $6.0m | $12.1m | $1.6m |
| Australia | $12.6m | $91.4m | $648k | $51.2m | $43.2m | $114m |
| Italy | $9.2m | $65.1m | $8.2m | $18.4m | $18.9m | $15.0m |
| India | $3.9m | $36.8m | $6.6m | $6.2m | $5.7m | $52.7m |
| Czech Republic | $3.4m | $1.3m | $1.8m | $1.4m | $1.1m | $486k |
US Silver Trade: FAQ
Where does the US export its silver to?
Over the 12 months to August 2026 the largest destinations were United Kingdom ($10.9bn, 49%), Canada ($2.5bn, 11%), Hong Kong ($2.3bn, 10%), United Arab Emirates ($1.7bn, 8%), out of $22.4bn in all.
Where does the US import its silver from?
Over the same 12 months the largest sources were Mexico ($6.1bn, 68%), Canada ($1.3bn, 15%), Poland ($318m, 4%), Chile ($289m, 3%), out of $9.0bn in all.
Why do US silver imports and exports swing so much?
Most of the value is large bars moving between the big trading centres: London, Switzerland (where bars are refined and recast) and New York, where COMEX futures are delivered. When New York prices rise above London, it pays to fly metal into the US, and the flow reverses when the gap closes. Silver from mines, much of it from Mexico and Canada, adds a steadier flow. Monthly figures can therefore jump by billions of dollars without any change in US demand.
What do the figures include?
HS code 7106: unwrought silver (bars, grain), semi-manufactured silver, silver powder. Coins, jewellery, scrap and ores are counted elsewhere. Exports include re-exports of foreign metal; imports are general imports (everything entering the US, including bonded warehouses). Values are in US dollars as declared, not adjusted for inflation.
How often is this updated?
Monthly. The Census Bureau publishes each month's trade figures about five weeks after the month ends, with the US international trade report, and revises the previous months. This page checks for new data every day.
Source: U.S. Census Bureau, International Trade (exports: total exports, imports: general imports, HS 7106, by country, monthly from 2014), via the Census Bureau Data API. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau. Data to August 2026; recent months are revised by the Census. Totals over several months, shares, rankings, net trade and tonnes are Corgano's calculations.
See also: silver production by country · US Mint Silver Eagle sales · US gold trade.
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For essays, articles and research. Prices on this page update daily, so the citations include today's date as the date you accessed it.
@misc{corgano2026ussilverexports, author = {{Corgano}}, title = {US Silver Exports & Imports by Country}, howpublished = {\url{https://silverprice.corgano.com/us-silver-trade}}, year = {2026}, note = {Corgano Silver Price, accessed 2026-10-26}}