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2018
Exports $33BWorld Rnk 3 / 167
Flag Rnk 2 / 1216
2018
Destination $1.36B China
2022 - 2023
FASTEST GROWING MARKET $1.36BHong Kong
2023
PRODUCT COMPLEXITY IN Gold-2.5Rnk 1019 / 1025
2018
Imports $54.1BWorld Rnk 5 / 174
Flag Rnk 2 / 1214
2018
Origin $10.2B Kazakhstan
2022 - 2023
FASTEST GROWING ORIGIN $10.2BCanada
2023
ECONOMIC COMPLEXITY of United Kingdom1.5Rnk 11 / 132

About

Exports In 2018, United Kingdom exported $33B in Gold, making it the 3rd largest exporter of Gold in the world. At the same year, Gold was the 2nd most exported product in United Kingdom. The main destination of Gold exports from United Kingdom are: China ($17.5B), Hong Kong ($8.24B), Switzerland ($2.44B), India ($1.34B), and United Arab Emirates ($805M).

The fastest growing export markets for Gold of United Kingdom between 2022 and 2023 were Hong Kong ($1.36B), India ($1.32B), and Brunei ($712M).

Imports In 2023, United Kingdom imported $54.1B in Gold, becoming the 5th largest importer of Gold in the world. At the same year, Gold was the 2nd most imported product in United Kingdom. United Kingdom imports Gold primarily from: Kazakhstan ($13.7B), Canada ($11.6B), United States ($7.96B), Switzerland ($3.26B), and Germany ($3.06B).

The fastest growing import markets in Gold for United Kingdom between 2022 and 2023 were Canada ($10.2B), Kazakhstan ($7.09B), and Germany ($2.33B).

Latest Trends

November 2024

About

Overview In November 2024 United Kingdom's Gold exports accounted up to £9.08B and imports accounted up to £6.58B, resulting in a positive trade balance of £2.5B. Between November 2023 and November 2024 the exports of United Kingdom's   Gold have increased by £4.24B (87.7%) from £4.84B to £9.08B, while imports increased by £2.69B (69.2%) from £3.89B to £6.58B.

Destinations In November 2024, Gold were exported mostly to Switzerland (£4.2B), China (£3.33B), United States (£694M), Azerbaijan (£457M), and United Arab Emirates (£138M), and were imported mostly from Kazakhstan (£1.99B), Canada (£1.19B), Germany (£689M), United States (£481M), and Australia (£454M).

Growth In November 2024, the increase in Gold's year-by-year exports was explained primarily by an increase in exports to Hong Kong (£517M or 5.89k%), Canada (£90.7M or 3.3k%), and Cyprus (£834k or 224%). In November 2024, the increase in Gold's year-by-year imports was explained primarily by an increase in imports from United States (£194M or 42.2%), Switzerland (£93.4M or 455%), and Canada (£62.6M or 10.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)£4.24B(87.7%)
IMPORT GROWTH (November 2023 - November 2024)£2.69B(69.2%)
MAIN EXPORTER (November 2024)London Heathrow Airport£9.06B
MAIN DESTINATION (November 2024)Switzerland£4.2B

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

Trade Balance

Color
EXPORTS (2023)$33B
IMPORTS (2023)$54.1B
NET TRADE (2023)-$21.1B

In 2023, United Kingdom exported $33B in Gold. The main destinations of United Kingdom exports on Gold were China ($17.5B), Hong Kong ($8.24B), Switzerland ($2.44B), India ($1.34B), and United Arab Emirates ($805M).

In 2023, United Kingdom imported $54.1B in Gold, mainly from Kazakhstan ($13.7B), Canada ($11.6B), United States ($7.96B), Switzerland ($3.26B), and Germany ($3.06B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Gold EXPORT MARKETS FOR United Kingdom WERE (2022 - 2023):
Hong Kong$1.36B (19.8%)
India$1.32B (5.72k%)
Brunei$712M (170M%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY United Kingdom WERE (2022 - 2023):
United Arab Emirates-$1.17B (-59.2%)
Austria-$748M (-55%)
Germany-$522M (-94.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United Kingdom's main exporting competitors in Gold were:
Switzerland $109B
United Arab Emirates $46.8B
In 2023, United Kingdom's main importing competitors in Gold were:
Switzerland $111B
China $87.8B
United Arab Emirates $75.2B

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Trade Value of Gold by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSwitzerland+ $421M
TOP IMPORT POTENTIALSwitzerland+ $763M

Gold’s highest export potential is Switzerland. With an export gap of $421M.   Gold’s highest import potential is Switzerland with an import gap of $763M.

See methodology.

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