Gold in Canada

EXPORTS (2018): $12.9B, World Rnk 7 / 166
Flag Rnk 3 / 1201

TOP DESTINATION (2018): $8.14B, United Kingdom

FASTEST GROWING MARKET (2017 - 2018): $5.92B, United Kingdom

IMPORTS (2018): $4.99B, World Rnk 12 / 142
Flag Rnk 9 / 1212

TOP ORIGIN (2018): $972M, United States

FASTEST GROWING ORIGIN (2017 - 2018): $678M, United States

ECONOMIC COMPLEXITY of Canada (2018): 0.98, Rnk 25 / 137

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

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

Exports: In 2018, Canada exported $12.9B in Gold, making it the 7th largest exporter of Gold in the world. At the same year, Gold was the 3rd most exported product in Canada. The main destination of Gold exports from Canada are: United Kingdom ($8.14B), United States ($1.68B), Hong Kong ($1.45B), China ($632M), and Switzerland ($219M).

The fastest growing export markets for Gold of Canada between 2017 and 2018 were United Kingdom ($5.92B), Hong Kong ($1.22B), and China ($327M).

Imports: In 2018, Canada imported $4.99B in Gold, becoming the 12th largest importer of Gold in the world. At the same year, Gold was the 9th most imported product in Canada. Canada imports Gold primarily from: United States ($972M), Argentina ($874M), Egypt ($597M), Dominican Republic ($553M), and Japan ($405M).

The fastest growing import markets in Gold for Canada between 2017 and 2018 were United States ($678M), Colombia ($184M), and Brazil ($121M).

Overview: In April 2020 Canada's Gold exports accounted up to C$1.67B and imports accounted up to C$2.09B, resulting in a negative trade balance of C$419M. Between April 2019 and April 2020 the exports of Canada's   Gold have decreased by C$-377M (-18.4%) from C$2.05B to C$1.67B, while imports increased by C$1.54B (279%) from C$551M to C$2.09B.

Destinations: In April 2020 Gold exported mostly to United Kingdom (C$880M), United States (C$783M), and South Korea (C$5.41M), and imported mostly from United States (C$484M), South Africa (C$320M), Brazil (C$258M), Peru (C$248M), and United Kingdom (C$103M).

Growth: In April 2020, the decrease in Gold's year-by-year exports was explained primarily by a decrease in exports to United Kingdom (C$-566M or -39.1%). In April 2020, the increase in Gold's year-by-year imports was explained primarily by an increase in imports from United States (C$458M or 1.77k%), South Africa (C$315M or 5.88k%), and Brazil (C$213M or 470%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (April 2019 - April 2020): C$-377M, (-18.4%)

IMPORT GROWTH (April 2019 - April 2020): C$1.54B, (279%)

MAIN EXPORTER (April 2020): Ontario, C$1.65B

MAIN DESTINATION (April 2020): United Kingdom, C$880M

This section shows Gold's exports and imports data at subnational level for Canada. 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): $12.9B

IMPORTS (2018): $4.99B

NET TRADE (2018): $7.93B

In 2018, Canada exported $12.9B in Gold. The main destinations of Canada exports on Gold were United Kingdom ($8.14B), United States ($1.68B), Hong Kong ($1.45B), China ($632M), and Switzerland ($219M).

In 2018, Canada imported $4.99B in Gold, mainly from United States ($972M), Argentina ($874M), Egypt ($597M), Dominican Republic ($553M), and Japan ($405M).

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IN 2018, Canada HAD A POSITIVE NET TRADE IN Gold WITH:

  • United Kingdom, $8.14B ($8.14B - $883k)
  • Hong Kong, $1.45B ($1.45B - $248k)
  • United States, $711M ($1.68B - $972M)

IN 2018, Canada HAD A NEGATIVE NET TRADE IN Gold WITH:

  • Argentina, -$874M ($0 - $874M)
  • Egypt, -$571M ($26.2M - $597M)
  • Dominican Republic, -$553M ($0 - $553M)
Flow

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

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

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Market Concentration

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Flow
Type

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

In 2018, Canada'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 Canada. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2018, the tariffs for Gold in the imports of Canada were of 0% around the world.

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