Gold in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $14.7B in Gold, making it the 7th largest exporter of Gold in the world. At the same year, Gold was the 5th most exported product in Canada. The main destination of Gold exports from Canada are: United Kingdom ($7.53B), Switzerland ($2.19B), United States ($2.15B), Hong Kong ($1.56B), and Singapore ($372M).

The fastest growing export markets for Gold of Canada between 2021 and 2022 were Singapore ($365M), China ($235M), and Switzerland ($210M).

Imports In 2022, Canada imported $7.78B in Gold, becoming the 13th largest importer of Gold in the world. At the same year, Gold was the 8th most imported product in Canada. Canada imports Gold primarily from: Peru ($1.86B), Brazil ($1.67B), United States ($1.55B), Egypt ($799M), and Mauritania ($589M).

The fastest growing import markets in Gold for Canada between 2021 and 2022 were United States ($779M), Mauritania ($253M), and Japan ($180M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Gold from Canada to the United States.

Latest Trends

January 2024

About

Overview In January 2024 Canada's Gold exports accounted up to C$2.27B and imports accounted up to C$865M, resulting in a positive trade balance of C$1.4B. Between January 2023 and January 2024 the exports of Canada's Gold have decreased by C$-123M (-5.14%) from C$2.39B to C$2.27B, while imports decreased by C$-38.9M (-4.3%) from C$904M to C$865M.

Destinations In January 2024, Gold were exported mostly to United Kingdom (C$1.1B), Hong Kong (C$531M), United States (C$499M), Switzerland (C$131M), and United Arab Emirates (C$2.04M), and were imported mostly from Peru (C$367M), Brazil (C$182M), United States (C$87.2M), Chile (C$65.1M), and Mauritania (C$45.5M).

Growth In January 2024, the decrease in Gold's year-by-year exports was explained primarily by a decrease in exports to United States (C$-4.35M or -1.32%), Egypt (C$-2.91M or -44.9%), and United Arab Emirates (C$-750k or -26.9%). In January 2024, the decrease in Gold's year-by-year imports was explained primarily by a decrease in imports from United States (C$-259M or -60.6%), Mexico (C$-4.47M or -29.2%), and Germany (C$-2.43M or -99.7%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)C$-123M(-5.14%)

IMPORT GROWTH (January 2023 - January 2024)C$-38.9M(-4.3%)

MAIN EXPORTER (January 2024)OntarioC$2.14B

MAIN DESTINATION (January 2024)United KingdomC$1.1B

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.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$14.7B

IMPORTS (2022)$7.78B

NET TRADE (2022)$6.87B

In 2022, Canada exported $14.7B in Gold. The main destinations of Canada exports on Gold were United Kingdom ($7.53B), Switzerland ($2.19B), United States ($2.15B), Hong Kong ($1.56B), and Singapore ($372M).

In 2022, Canada imported $7.78B in Gold, mainly from Peru ($1.86B), Brazil ($1.67B), United States ($1.55B), Egypt ($799M), and Mauritania ($589M).

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