HS Icon Gold in  Flag United Kingdom

2019
Exports | Imports
: $24B | $65B, World Rnk 3 / 174
Flag Rnk 3 / 1214 | World Rnk 1 / 179
Flag Rnk 1 / 1214

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $2.66B | $14.3B, China |  Switzerland

2019
ECONOMIC COMPLEXITY of United Kingdom
: 1.49, Rnk 14 / 147

2019
PRODUCT COMPLEXITY  IN Gold
: -2.46, Rnk 1022 / 1029

Exports: In 2019, United Kingdom exported $24B in Gold, making it the 3rd largest exporter of Gold in the world. At the same year, Gold was the 3rd most exported product in United Kingdom. The main destination of Gold exports from United Kingdom are: China ($8.23B), Switzerland ($6.04B), United Arab Emirates ($2.25B), Azerbaijan ($2.09B), and United States ($1.69B).

The fastest growing export markets for Gold of United Kingdom between 2018 and 2019 were China ($2.66B), United States ($1.64B), and Azerbaijan ($1.26B).

Imports: In 2019, United Kingdom imported $65B in Gold, becoming the 1st largest importer of Gold in the world. At the same year, Gold was the 1st most imported product in United Kingdom. United Kingdom imports Gold primarily from: Switzerland ($14.9B), Canada ($9.04B), Australia ($8.37B), United States ($6.17B), and Russia ($5.75B).

The fastest growing import markets in Gold for United Kingdom between 2018 and 2019 were Switzerland ($14.3B), Australia ($7.18B), and Russia ($4.9B).

Latest Trends (April 2021)

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Overview: In April 2021 United Kingdom's Gold exports accounted up to £2.97B and imports accounted up to £2.44B, resulting in a positive trade balance of £534M. Between April 2020 and April 2021 the exports of United Kingdom's   Gold have decreased by £-1.86B (-38.6%) from £4.83B to £2.97B, while imports decreased by £-1.19B (-32.8%) from £3.62B to £2.44B.

Destinations: In April 2021, Gold were exported mostly to Switzerland (£1.31B), Hungary (£829M), United Arab Emirates (£380M), Germany (£292M), and Hong Kong (£74.2M), and were imported mostly from Russia (£1.05B), United States (£628M), Canada (£410M), Mexico (£109M), and Brazil (£44.8M).

Growth: In April 2021, the decrease in Gold's year-by-year exports was explained primarily by a decrease in exports to Switzerland (£-1.99B or -60.4%), United States (£-441M or -99.9%), and Canada (£-333M or -100%). In April 2021, the decrease in Gold's year-by-year imports was explained primarily by a decrease in imports from United States (£-373M or -37.3%), Russia (£-288M or -21.5%), and Canada (£-105M or -20.5%).

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (April 2020 - April 2021): £-1.86B, (-38.6%)

IMPORT GROWTH (April 2020 - April 2021): £-1.19B, (-32.8%)

MAIN EXPORTER (April 2021): London Heathrow Airport, £2.14B

MAIN DESTINATION (April 2021): Switzerland, £1.31B

This section shows Gold's exports and imports data at subnational level for United Kingdom. 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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Value

EXPORTS (2019): $24B

IMPORTS (2019): $65B

NET TRADE (2019): -$41B

In 2019, United Kingdom exported $24B in Gold. The main destinations of United Kingdom exports on Gold were China ($8.23B), Switzerland ($6.04B), United Arab Emirates ($2.25B), Azerbaijan ($2.09B), and United States ($1.69B).

In 2019, United Kingdom imported $65B in Gold, mainly from Switzerland ($14.9B), Canada ($9.04B), Australia ($8.37B), United States ($6.17B), and Russia ($5.75B).

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IN 2019, United Kingdom HAD A POSITIVE NET TRADE IN Gold WITH:

IN 2019, United Kingdom HAD A NEGATIVE NET TRADE IN Gold WITH:

Flow

THE FASTEST GROWING Gold EXPORT MARKETS FOR United Kingdom WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY United Kingdom WERE (2018 - 2019):

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Market Concentration

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Flow
Type

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

In 2018, United Kingdom's main importing competitors in Gold were:

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