2023
Exports
$29BWorld Rnk 6 / 167
Flag Rnk 4 / 1208
2023
PRODUCT COMPLEXITY IN Gold
-2.5Rnk 1019 / 1025
2023
Imports
$5.77BWorld Rnk 14 / 174
Flag Rnk 7 / 1207
2023
ECONOMIC COMPLEXITY of Australia
-0.28Rnk 75 / 132

About

Exports In 2023, Australia exported $29B in Gold, making it the 6th largest exporter of Gold in the world. At the same year, Gold was the 4th most exported product in Australia. The main destination of Gold exports from Australia are: China ($8.56B), Hong Kong ($5.85B), Switzerland ($5.31B), India ($2.35B), and United Kingdom ($2.15B).

The fastest growing export markets for Gold of Australia between 2022 and 2023 were Switzerland ($2.29B), United Kingdom ($2.12B), and Hong Kong ($1.94B).

Imports In 2023, Australia imported $5.77B in Gold, becoming the 14th largest importer of Gold in the world. At the same year, Gold was the 7th most imported product in Australia. Australia imports Gold primarily from: Papua New Guinea ($1.79B), United States ($1.6B), New Zealand ($466M), Laos ($350M), and Mali ($308M).

The fastest growing import markets in Gold for Australia between 2022 and 2023 were United States ($684M), Papua New Guinea ($186M), and Canada ($145M).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Gold. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$29B
IMPORTS (2023)$5.77B
NET TRADE (2023)$23.2B

In 2023, Australia exported $29B in Gold. The main destinations of Australia exports on Gold were China ($8.56B), Hong Kong ($5.85B), Switzerland ($5.31B), India ($2.35B), and United Kingdom ($2.15B).

In 2023, Australia imported $5.77B in Gold, mainly from Papua New Guinea ($1.79B), United States ($1.6B), New Zealand ($466M), Laos ($350M), and Mali ($308M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Gold EXPORT MARKETS FOR Australia WERE (2022 - 2023):
Switzerland$2.29B (75.9%)
United Kingdom$2.12B (6.31k%)
Hong Kong$1.94B (49.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY Australia WERE (2022 - 2023):
China-$1.69B (-16.5%)
Thailand-$379M (-71%)
Malaysia-$352M (-65.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Australia's main exporting competitors in Gold were:
In 2023, Australia's main importing competitors in Gold were:

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Trade Value of Gold by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $765M
TOP IMPORT POTENTIALSwitzerland+ $83.3M

Gold’s highest export potential is India. With an export gap of $765M.   Gold’s highest import potential is Switzerland with an import gap of $83.3M.

See methodology.

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