🇬🇧 United Kingdom imports of silver: 2024 trade data
Imports of silver by the United Kingdom reached $4.05 billion in 2024 (4.8 thousand tonnes). That makes it the 4th largest importer of this product worldwide, out of 179 countries. That is 13% more than in 2023. Across 2017-2024 the long-run trend was broadly stable. The peak in this period was 2021, at $6.33 billion.
Public statistics, latest reported year 2024. Values in US dollars.
Imports of silver by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $4.05B | 4.8K t |
| 2023 | $3.58B | 4.7K t |
| 2022 | $2.39B | 3.4K t |
| 2021 | $6.33B | 7.7K t |
| 2020 | $2.77B | 4.1K t |
| 2019 | $2.04B | 4.0K t |
| 2018 | $2.00B | 4.4K t |
| 2017 | $2.81B | 5.5K t |
Where the United Kingdom imports silver from
Most of the value came from China (33%), Germany (20%), Poland (12%). Among the main suppliers, Switzerland grew fastest (+543% on the year before).
| Supplier country | Value | Share |
|---|---|---|
| 🇨🇳 China | $1.35B | 33% |
| 🇩🇪 Germany | $822.7M | 20% |
| 🇵🇱 Poland | $468.7M | 12% |
| 🇨🇭 Switzerland | $440.9M | 11% |
| 🇰🇿 Kazakhstan | $210.8M | 5.2% |
| 🇸🇪 Sweden | $147.1M | 3.6% |
| 🇪🇸 Spain | $139.1M | 3.4% |
| 🇮🇳 India | $124.2M | 3.1% |
| 🇺🇸 United States | $84.2M | 2.1% |
| 🇺🇿 Uzbekistan | $68.8M | 1.7% |
Types of silver under HS 7106
| 7106.91 | Metals: silver, unwrought, (but not powder) | 91% |
| 7106.92 | Metals: silver, semi-manufactured | 7.8% |
| 7106.10 | Metals: silver powder | 1.1% |
Codes and full descriptions: HS heading 7106.
Average import price of silver
The average declared value was about $848.03 per kg, 34% above the world average of $633.55. This usually points to higher-grade or processed goods.
Declared value divided by weight, all 2024 shipments. Prices per shipment and per company are in EximDataX.
The United Kingdom also exports silver
The United Kingdom exported $1.89 billion of silver in 2024 (2.2 thousand tonnes). That makes it the 6th largest exporter of this product worldwide, out of 131 countries. India alone took 50% of it. Among the main buyer markets, United Arab Emirates grew fastest, more than tenfold on the year before.
| Destination | Value | Share |
|---|---|---|
| 🇮🇳 India | $952.6M | 50% |
| 🇦🇪 United Arab Emirates | $492.5M | 26% |
| 🇺🇸 United States | $205.9M | 11% |
| 🇩🇪 Germany | $71.8M | 3.8% |
| 🇨🇦 Canada | $71.2M | 3.8% |
| 🇧🇪 Belgium | $58.0M | 3.1% |
| 🇮🇹 Italy | $9.6M | 0.5% |
| 🇨🇭 Switzerland | $5.7M | 0.3% |
| 🇫🇷 France | $5.1M | 0.3% |
| 🇭🇺 Hungary | $4.1M | 0.2% |
Who is behind these numbers in the United Kingdom?
Public statistics stop at country totals and the last published year. EximDataX shows the shipment records underneath: the companies, dates, quantities and declared values, updated weekly.
Shipment records are in the platform
Tell us what you trade and we will show you the latest records on a live call.
Direct customs feed: shipment-level records from the official customs source.
Updated weekly on EximDataX (some markets daily), while public statistics stop at 2024.
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: Silver (including silver plated with gold or platinum); unwrought or in semi-manufactured forms, or in powder form.
Silver trade in the United Kingdom: questions
What is the value of silver imported by the United Kingdom?
The United Kingdom imported silver worth $4.05 billion in 2024 (4.8 thousand tonnes).
Where does the United Kingdom import silver from?
The main supplier countries in 2024 were China (33%), Germany (20%), Poland (12%).
What is the average import price of silver in the United Kingdom?
The average declared import value was about $848.03 per kg in 2024, against a world average of $633.55 per kg.
Does the United Kingdom export silver?
Yes. The United Kingdom exported silver worth $1.89 billion in 2024, mainly to India, United Arab Emirates, United States.
What is the HS code for silver?
Silver falls under HS heading 7106 (Silver (including silver plated with gold or platinum); unwrought or in semi-manufactured forms, or in powder form). The six-digit codes under it split the product by type.
How can I find the companies trading silver with the United Kingdom?
These public statistics stop at country level. EximDataX has a direct customs feed for the United Kingdom with shipment-level records, updated weekly, where you can see the importers and exporters by name.
Silver trade in other countries
See what your buyers are buying.Then decide.
Everything we show you comes from official customs filings — records, not claims. 30 minutes. Your shipment. Your HS code. Real platform. If you don’t see something new about your market by the end of the call, we walk away. No follow-ups.