Gold in United Kingdom

EXPORTS (2018): $25.8B, World Rnk 2 / 166
Flag Rnk 3 / 1215

TOP DESTINATION (2018): $18B, Switzerland

FASTEST GROWING MARKET (2017 - 2018): $5.39B, Switzerland

IMPORTS (2018): $25.4B, World Rnk 6 / 142
Flag Rnk 2 / 1212

TOP ORIGIN (2018): $8.14B, Canada

FASTEST GROWING ORIGIN (2017 - 2018): $5.92B, Canada

ECONOMIC COMPLEXITY of United Kingdom (2018): 1.49, Rnk 13 / 137

PRODUCT COMPLEXITY  IN Gold (2018): -2.33, Rnk 1009 / 1018

Overview: This page contains the latest trade data of Gold in United Kingdom.

Exports: In 2018, United Kingdom exported $25.8B in Gold, making it the 2nd largest exporter of Gold in the world. At the same year, Gold was the 3rd most exported product in United Kingdom. The main destination of Gold exports from United Kingdom are: Switzerland ($18B), Turkey ($2.78B), United Arab Emirates ($1.99B), Azerbaijan ($830M), and Singapore ($613M).

The fastest growing export markets for Gold of United Kingdom between 2017 and 2018 were Switzerland ($5.39B), Turkey ($2.33B), and United Arab Emirates ($1.25B).

Imports: In 2018, United Kingdom imported $25.4B in Gold, becoming the 6th largest importer of Gold in the world. At the same year, Gold was the 2nd most imported product in United Kingdom. United Kingdom imports Gold primarily from: Canada ($8.14B), South Africa ($3.95B), United States ($3.5B), Kyrgyzstan ($1.32B), and Australia ($1.18B).

The fastest growing import markets in Gold for United Kingdom between 2017 and 2018 were Canada ($5.92B), Kyrgyzstan ($1B), and Turkey ($778M).

Overview: In August 2020 United Kingdom's Gold exports accounted up to £535M and imports accounted up to £8.76B, resulting in a negative trade balance of £8.23B. Between August 2019 and August 2020 the exports of United Kingdom's   Gold have decreased by £-14.5M (-2.64%) from £550M to £535M, while imports decreased by £-485M (-5.24%) from £9.25B to £8.76B.

Destinations: In August 2020 Gold exported mostly to Turkey (£181M), Switzerland (£124M), United States (£97.2M), Germany (£76.5M), and Spain (£27.8M), and imported mostly from Uzbekistan (£2.05B), Hong Kong (£1.95B), Russia (£1.07B), Switzerland (£927M), and United States (£620M).

Growth: In August 2020, the decrease in Gold's year-by-year exports was explained primarily by a decrease in exports to United Arab Emirates (£-109M or -98.7%), United States (£-86.9M or -47.2%), and Hong Kong (£-31.7M or -100%). In August 2020, the decrease in Gold's year-by-year imports was explained primarily by a decrease in imports from Switzerland (£-3.41B or -78.6%), Australia (£-360M or -48.4%), and South Africa (£-274M or -73.1%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (August 2019 - August 2020): £-14.5M, (-2.64%)

IMPORT GROWTH (August 2019 - August 2020): £-485M, (-5.24%)

MAIN EXPORTER (August 2020): London Heathrow Airport, £427M

MAIN DESTINATION (August 2020): Turkey, £181M

This section shows Gold's exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Gold over time.

Value

EXPORTS (2018): $25.8B

IMPORTS (2018): $25.4B

NET TRADE (2018): $416M

In 2018, United Kingdom exported $25.8B in Gold. The main destinations of United Kingdom exports on Gold were Switzerland ($18B), Turkey ($2.78B), United Arab Emirates ($1.99B), Azerbaijan ($830M), and Singapore ($613M).

In 2018, United Kingdom imported $25.4B in Gold, mainly from Canada ($8.14B), South Africa ($3.95B), United States ($3.5B), Kyrgyzstan ($1.32B), and Australia ($1.18B).

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IN 2018, United Kingdom HAD A POSITIVE NET TRADE IN Gold WITH:

  • Switzerland, $17.5B ($18B - $566M)
  • United Arab Emirates, $1.83B ($1.99B - $165M)
  • Turkey, $1.64B ($2.78B - $1.14B)

IN 2018, United Kingdom HAD A NEGATIVE NET TRADE IN Gold WITH:

  • Canada, -$8.14B ($883k - $8.14B)
  • South Africa, -$3.93B ($12.7M - $3.95B)
  • United States, -$3.46B ($46.4M - $3.5B)
Flow

THE FASTEST GROWING Gold EXPORT MARKETS FOR United Kingdom WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY United Kingdom WERE (2017 - 2018):

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Market Concentration

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Type

In 2018, United Kingdom's main exporting competitors in Gold were:

In 2018, United Kingdom's main importing competitors in Gold were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Gold in United Kingdom. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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