How much silver does United Kingdom export?
It is the 2nd largest exporter by value: $3.4 billion in 2024, 10% of world exports of silver (HS 7106) (CEPII BACI). Its biggest customer is India, which takes 69% of its silver exports by value.
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United Kingdom's silver exports
| World rank | Export value | Share of world exports | Quantity (tonnes) | Average value per tonne | Year |
|---|---|---|---|---|---|
| 2 | $3.4 billion | 10% | 3,620 t | $944,687 | 2024 |
CEPII BACI international trade database (HS22, V202601), HS 7106 (Silver, unwrought, semi-manufactured or in powder form).
Where United Kingdom's silver goes
| Destination | Value | Share of United Kingdom's exports |
|---|---|---|
| India | $2.4B | 69% |
| United Arab Emirates | $492M | 14% |
| United States | $267M | 7.8% |
| Canada | $99M | 2.9% |
| Germany | $86M | 2.5% |
United Kingdom as a buyer of silver
United Kingdom imported $4.2 billion of silver (HS 7106) in 2024, 13% of world imports, ranked #3. Of its $4.2 billion of silver imports in 2024, 36% came from China and 20% from Germany, among 48 suppliers. Largest sources: China (36%), Germany (20%), Poland (11%), Switzerland (10%), Kazakhstan (5.3%).
The silver price United Kingdom sells into
The benchmark price, Handy & Harman, New York, was $64.6/troy oz in September 2026, up 51% over twelve months. Its five-year volatility is 30% a year, calmer in 83% of its earlier five-year windows. A single country's export price can differ from the benchmark: see trade price against benchmark. Monthly averages lag the market and are not investment advice. Silver price history.
Cite as: Commodity Origins, "United Kingdom silver: production, exports and prices", https://commodityorigins.com/countries/GBR/silver/ (CC BY 4.0). Rankings count only countries reporting to the sources named; this page is shown only for top-five producers or exporters with at least 3% of the world total. Report an issue with this page.