Silversmith wares and articles trade by country: top importers, exporters and prices
World trade in silversmith wares and articles was worth $282.2 million in 2024, about 433 tonnes. That is an increase of 66% since 2017, and down 30% on 2023.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
World trade by year, 2017-2024
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Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $282.2M | 433 t |
| 2023 | $400.8M | 625 t |
| 2022 | $327.0M | 477 t |
| 2021 | $270.9M | 371 t |
| 2020 | $184.0M | 354 t |
| 2019 | $178.1M | 517 t |
| 2018 | $182.2M | 404 t |
| 2017 | $169.7M | 1.7K t |
Top silversmith wares and articles exporting countries
Exports are led by Italy (18%), Turkey (13%) and the Netherlands (7%). 107 countries reported exports, and the top three account for 38%.
| Exporter | Value | Share |
|---|---|---|
| Italy | $50.0M | 18% |
| Turkey | $36.5M | 13% |
| Netherlands | $20.8M | 7.4% |
| United Kingdom | $19.6M | 6.9% |
| China | $18.1M | 6.4% |
| Estonia | $16.2M | 5.8% |
| France | $15.0M | 5.3% |
| Sweden | $13.0M | 4.6% |
| India | $11.6M | 4.1% |
| Germany | $9.8M | 3.5% |
| United States | $9.0M | 3.2% |
| Indonesia | $8.5M | 3% |
Top importing countries and buyer markets
The largest importers are the United States (18%), Switzerland (12%) and Israel (11%). 147 countries imported it, and the top three take 40% of the value.
| Importer | Value | Share |
|---|---|---|
| United States | $51.4M | 18% |
| Switzerland | $32.5M | 12% |
| Israel | $30.3M | 11% |
| United Arab Emirates | $14.4M | 5.1% |
| Sweden | $14.2M | 5% |
| Turkey | $13.0M | 4.6% |
| Germany | $9.9M | 3.5% |
| Estonia | $8.1M | 2.9% |
| United Kingdom | $7.0M | 2.5% |
| Italy | $7.0M | 2.5% |
| Thailand | $6.7M | 2.4% |
| France | $6.6M | 2.3% |
Average price per kg
The world average declared value was about $651.49 per kg in 2024. Among the main exporters, Estonia averaged $3,783.48 per kg and China $485.64 per kg, so grade and origin matter.
Declared value divided by weight, all 2024 shipments worldwide. Prices per shipment and per company are in EximDataX.
Related product types
Who is behind these numbers in this market?
The shipment records behind Silversmith wares and articles (HS 7114.11) importers and exporters, worldwide: companies, dates, quantities and declared values.
Shipment records are in the platform
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Source: CEPII BACI (reconciled UN Comtrade data), HS 2017 edition, release 202601, Etalab Open Licence 2.0. Annual values in US dollars at the customs border; quantities in tonnes where reported. HS 7114.11: Silversmiths' wares: and parts thereof, of silver, whether or not plated or clad with other precious metal. HS 7114 codes.
Common questions
Which countries export the most silversmith wares and articles?
Italy exported $50.0 million in 2024, 18% of the world total, followed by Turkey (13%) and the Netherlands (7%). In all, 107 countries reported exports of this product. The full ranking and map are on this page.
Which countries import the most silversmith wares and articles?
The United States imported $51.4 million in 2024, 18% of world imports, ahead of Switzerland (12%) and Israel (11%). The top three importers together take 40%. Each country with its own page is linked from the table.
How big is the world trade in silversmith wares and articles?
It was worth $282.2 million in 2024, about 433 tonnes. That is an increase of 66% since 2017. The peak year was 2023 at $400.8 million. 107 countries reported exports and 147 reported imports.
What is the average price of silversmith wares and articles per kg?
The world average declared value was about $651.49 per kg in 2024. Among the main exporters, Estonia averaged $3,783.48 per kg and China $485.64 per kg, so grade and origin matter. It is total declared value divided by total weight, so treat it as a benchmark, not a quote.
What is the HS code for silversmith wares and articles?
The HS code for silversmith wares and articles is subheading 7114.11, in chapter 71 (natural, cultured pearls; precious, semi-precious stones; precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin). The first six digits are the same in every country; national tariffs add more. The full list of codes is on the HS 7114 page.
How can I find silversmith wares and articles buyers and suppliers?
The rankings here stop at countries; EximDataX goes down to the companies trading silversmith wares and articles, from direct customs feeds and mirror data. Tell us your markets to see them live.
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