Gold in Canada | OEC - The Observatory of Economic Complexity

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Exports In 2020, Canada exported $14.4B in Gold, making it the 8th 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 ($9.62B), United States ($3.35B), Switzerland ($861M), Hong Kong ($243M), and Germany ($131M).

The fastest growing export markets for Gold of Canada between 2019 and 2020 were United States ($783M), United Kingdom ($585M), and Switzerland ($403M).

Imports In 2020, Canada imported $8.98B in Gold, becoming the 11th largest importer of Gold in the world. At the same year, Gold was the 5th most imported product in Canada. Canada imports Gold primarily from: Peru ($1.91B), Brazil ($1.89B), United States ($1.09B), Egypt ($808M), and United Kingdom ($715M).

The fastest growing import markets in Gold for Canada between 2019 and 2020 were Brazil ($884M), United Kingdom ($702M), and United States ($423M).

Latest Trends

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November 2021

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Overview In November 2021 Canada's Gold exports accounted up to C$1.5B and imports accounted up to C$687M, resulting in a positive trade balance of C$814M. Between November 2020 and November 2021 the exports of Canada's Gold have decreased by C$-1.11B (-42.6%) from C$2.61B to C$1.5B, while imports increased by C$7.81M (1.15%) from C$679M to C$687M.

Destinations In November 2021, Gold were exported mostly to United Kingdom (C$854M), United States (C$247M), Hong Kong (C$221M), Switzerland (C$165M), and Egypt (C$6.2M), and were imported mostly from Peru (C$225M), Brazil (C$189M), United States (C$82.7M), Egypt (C$56.7M), and Mexico (C$38.9M).

Growth In November 2021, the decrease in Gold's year-by-year exports was explained primarily by a decrease in exports to United States (C$-882k or -0.34%)and India (C$-4.23k or -8.46%). In November 2021, the increase in Gold's year-by-year imports was explained primarily by an increase in imports from Peru (C$132M or 102%), Japan (C$45.8M or 64.5M%), and Brazil (C$44.2M or 42.8%).

Subnational Monthly Trade

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Time Scale

Flow

Value

EXPORT GROWTH (November 2020 - November 2021): C$-1.11B, (-42.6%)

IMPORT GROWTH (November 2020 - November 2021): C$7.81M, (1.15%)

MAIN EXPORTER (November 2021): Ontario, C$1.36B

MAIN DESTINATION (November 2021): United Kingdom, C$854M

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

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Trade Balance

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Value

Compare to

Year

EXPORTS (2020): $14.4B

IMPORTS (2020): $8.98B

NET TRADE (2020): $5.46B

In 2020, Canada exported $14.4B in Gold. The main destinations of Canada exports on Gold were United Kingdom ($9.62B), United States ($3.35B), Switzerland ($861M), Hong Kong ($243M), and Germany ($131M).

In 2020, Canada imported $8.98B in Gold, mainly from Peru ($1.91B), Brazil ($1.89B), United States ($1.09B), Egypt ($808M), and United Kingdom ($715M).

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