In 2016 Kazakhstan reduced exports of silver, however revenues grew and the country earned $584 million.
Export volume in physical terms decreased by 8.8%, but in monetary terms it increased by 21.2%. In 2016 export of unprocessed or semi-finished silver and silver powder reached 1.17 thousand tons valued at $584.6 million.
Kazakhstan’s main partner is the United Kingdom. In 2016 the country also started shipping to Italy.
In 2015 it exported silver to Hong Kong. Silver made 1.6% compared to 1% in 2015 of the total export revenues. In physical terms export grew in 2014-2015 reaching maximum in 2015. However, in monetary terms in 2014 there was a decline, and in 2015 – the increase was slight making only 4.1%.
2016 growth in monetary terms is the most significant in recent years (previous was in 2012). In 2016 production of raw and semi-finished silver reached 1.18 thousand tons, down by 9.6% YoY.
The largest silver producers in Kazakhstan are KAZ Minerals, Kazzinc and Russian Polymetal International plc. (Kazinform/Ukrainian metal)