Unwrought silver imports in Saudi Arabia: data, top suppliers and prices
Imports of unwrought silver by Saudi Arabia reached $23.5 million in 2024 (27 tonnes). That is 115% more than in 2023. Over 2017-2024 the trade grew strongly, by about 119% a year on average.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
Imports by year, 2017-2024
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Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $23.5M | 27 t |
| 2023 | $10.9M | 12 t |
| 2022 | $15.8M | 23 t |
| 2021 | $18.4M | 21 t |
| 2020 | $13.3M | 18 t |
| 2019 | $279K | 2 t |
| 2018 | $679K | 2 t |
| 2017 | $97K | 0 t |
Where Saudi Arabia imports unwrought silver from
Switzerland alone supplied 64% of it. Among the main suppliers, Switzerland grew fastest, more than tenfold on the year before.
| Supplier country | Value | Share |
|---|---|---|
| Switzerland | $15.1M | 64% |
| United Arab Emirates | $6.6M | 28% |
| Germany | $954K | 4.1% |
| Italy | $222K | 0.9% |
| Egypt | $204K | 0.9% |
| United Kingdom | $172K | 0.7% |
| United States | $141K | 0.6% |
| Turkey | $52K | 0.2% |
| India | $47K | 0.2% |
| New Zealand | $9K | 0% |
Average import price per kg
The average declared value was about $878.41 per kg, close to the world average of $741.00.
Declared value divided by weight, all 2024 shipments. Prices per shipment and per company are in EximDataX.
Unwrought silver exports from Saudi Arabia
Exports of unwrought silver by Saudi Arabia reached $7.2 million in 2024 (4 tonnes). One buyer market dominates: United Arab Emirates accounted for 59% of the value. Among the main buyer markets, United Arab Emirates grew fastest, more than tenfold on the year before.
| Destination | Value | Share |
|---|---|---|
| United Arab Emirates | $4.2M | 59% |
| Switzerland | $1.6M | 23% |
| India | $1.2M | 17% |
| Germany | $71K | 1% |
| China | $4K | 0.1% |
| Turkey | $1K | 0% |
| South Africa | $0K | 0% |
Who is behind these numbers in Saudi Arabia?
The shipment records behind Saudi Arabia unwrought silver imports (HS 7106.91): companies, dates, quantities and declared values.
Shipment records are in the platform
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Mirror data: built from the shipment records of the countries that trade with it.
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 7106.91: Metals: silver, unwrought, (but not powder).
Common questions
What is the value of unwrought silver imported by Saudi Arabia?
Saudi Arabia imported unwrought silver worth $23.5 million in 2024, the latest year with complete public data, about 27 tonnes. That ranks it 32nd of 129 countries worldwide, with 0% of world imports. The value was up 115% on 2023.
Which countries supply unwrought silver to Saudi Arabia?
Switzerland was the largest supplier with 64% of the value ($15.1 million), followed by the United Arab Emirates (28%) and Germany (4%). The top three together account for 96%, out of 16 supplier countries in total. The United Kingdom grew fastest among the top ten, up 534% on the year.
What is the average import price of unwrought silver per kg?
The average declared import value was about $878.41 per kg in 2024, 19% above the world average of $741.00 per kg. Declared value divided by weight mixes every grade, so read it as a benchmark rather than a quote.
How have imports of unwrought silver to Saudi Arabia changed since 2017?
Imports went from $96 thousand in 2017 to $23.5 million in 2024. 2024 was the highest year in the period. Over 8 years the average was $10.4 million a year.
Does Saudi Arabia also export unwrought silver?
Yes. Saudi Arabia exported $7.2 million worth of this product in 2024, mainly to the United Arab Emirates, Switzerland and India. On balance Saudi Arabia is a net importer of this product, by about $16.4 million a year.
What is the HS code for unwrought silver?
The HS code for unwrought silver is subheading 7106.91. It sits in HS chapter 71 (natural, cultured pearls; precious, semi-precious stones; precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin). The full list of codes and descriptions is on the HS 7106 page.
How can I find the companies behind this trade?
EximDataX rebuilds Saudi Arabia trade from the customs records of its trading partners, so the companies shipping to and from it are visible. Ask for a live look at your product.
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