Global silver trade from the 16th to 18th centuries 1500 to 1800, Mexico and Peru produced about 80% of the world's silver with 30% of it eventually ending up in China (largely because of British merchants who used it to purchase exotic Chinese commodities). In the late 16th and early 17th century, Japan was also exporting heavily into China and the foreign trade at large. As has been demonstrated, China dominated silver imports. The market value of silver in the Ming territory was double its value elsewhere, which provided great arbitrage profit for the Europeans and Japanese. The abundance of silver in China made it easy for the country
Global silver trade from the 16th to 18th centuries the rest of the world, before experiencing another population boom. The new population boom was a product of the introduction of New World crops into China, mainly sweet potatoes, which could be more easily grown. By this time, the silver mines in Japan were largely depleted and the New World became China's primary source for silver. Initially, Japan served as China's primary source for silver in the 16th Century. In exchange for silver, China would provide Japan with silk and gold. Japan and China did not directly trade with each other, due to political tensions. This meant that European entities