China reported record levels of silver imports.

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In 2022, China exported $3.75 billion worth of silver, making it the largest exporter of silver globally. The main destinations for Chinese silver exports were Hong Kong, Turkey, Thailand, India, and Japan. On the import side, China brought in $1.1 billion worth of silver, ranking as the 10th largest importer. The primary sources of silver imports for China were Japan, the United States, South Korea, Australia, and China itself. Notably, between June 2023 and June 2024, China’s silver exports increased by 28.9%, while imports surged by 178%.

 

 

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