Silver: World Mine Production, By Country Or Locality

This table presents annual silver mine production figures by country or locality, measured in kilograms, over the five-year period from 2019 through 2023. This data is crucial for understanding the global supply dynamics of silver, a metal widely used in industrial applications such as electronics, photovoltaics, and jewelry, as well as in investment and monetary reserves. Tracking production trends helps policymakers, investors, and industry stakeholders assess market stability, anticipate supply constraints, and make informed decisions related to resource management and economic planning.

Analysis of the data reveals that Mexico remains the world’s leading silver producer, with output increasing steadily from approximately 5.84 million kilograms in 2019 to nearly 6.29 million kilograms in 2023. Peru and China also rank among the top producers, with Peru’s production fluctuating but reaching over 3.19 million kilograms in 2023, while China’s output slightly declined to about 3.40 million kilograms in the same year. Notable trends include Bolivia’s consistent growth, rising from around 1.15 million kilograms in 2019 to over 1.35 million kilograms in 2023, and Poland’s steady increase to nearly 1.32 million kilograms in 2023. Conversely, Indonesia experienced a significant drop in 2023, producing only 239,000 kilograms compared to 438,290 kilograms in 2022. The United States maintained relatively stable production, hovering around one million kilograms annually. Overall, global silver mine production remained fairly stable at approximately 25.5 million kilograms in both 2022 and 2023, following a dip in 2020 likely related to pandemic disruptions.