2018
Exports
$31.5BWorld Rnk 4 / 167
Flag Rnk 3 / 1212
2023
PRODUCT COMPLEXITY IN Gold
-2.5Rnk 1019 / 1025
2018
Imports
$9.24BWorld Rnk 10 / 174
Flag Rnk 6 / 1211
2023
ECONOMIC COMPLEXITY of Canada
0.9Rnk 30 / 132

About

Exports In 2018, Canada exported $31.5B in Gold, making it the 4th 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 ($11.6B), United States ($6.84B), Switzerland ($5.86B), China ($3.93B), and Hong Kong ($2.7B).

The fastest growing export markets for Gold of Canada between 2022 and 2023 were United Kingdom ($10.2B), United States ($4.83B), and Hong Kong ($726M).

Imports In 2018, Canada imported $9.24B in Gold, becoming the 10th largest importer of Gold in the world. At the same year, Gold was the 6th most imported product in Canada. Canada imports Gold primarily from: Peru ($2.46B), Brazil ($1.69B), South Africa ($905M), United States ($769M), and Mauritania ($589M).

The fastest growing import markets in Gold for Canada between 2022 and 2023 were South Africa ($730M), Peru ($509M), and Nicaragua ($353M).

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)C$1.61B(79.8%)
IMPORT GROWTH (December 2023 - December 2024)C$-68.5M(-5.03%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)United KingdomC$1.77B

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
EXPORTS (2023)$31.5B
IMPORTS (2023)$9.24B
NET TRADE (2023)$22.3B

In 2023, Canada exported $31.5B in Gold. The main destinations of Canada exports on Gold were United Kingdom ($11.6B), United States ($6.84B), Switzerland ($5.86B), China ($3.93B), and Hong Kong ($2.7B).

In 2023, Canada imported $9.24B in Gold, mainly from Peru ($2.46B), Brazil ($1.69B), South Africa ($905M), United States ($769M), and Mauritania ($589M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Gold EXPORT MARKETS FOR Canada WERE (2022 - 2023):
United Kingdom$10.2B (728%)
United States$4.83B (240%)
Hong Kong$726M (36.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY Canada WERE (2022 - 2023):
Switzerland-$1.08B (-15.5%)
United Arab Emirates-$427M (-84.6%)
Singapore-$338M (-92%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

Explore Visualizations

Trade Value of Gold by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.63B
TOP IMPORT POTENTIALUnited States+ $781M

Gold’s highest export potential is United States. With an export gap of $1.63B.   Gold’s highest import potential is United States with an import gap of $781M.

See methodology.

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