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2022
Exports $32.1BWorld Rnk 4 / 176
Flag Rnk 1 / 1216
2022
Destination $17.6B China
2021 - 2022
FASTEST GROWING MARKET $17.6BChina
2022
PRODUCT COMPLEXITY IN Gold-2.43Rnk 1016 / 1025
2022
Imports $38.7BWorld Rnk 4 / 178
Flag Rnk 4 / 1214
2022
Origin $3.42B Canada
2021 - 2022
FASTEST GROWING ORIGIN $3.42BPhilippines
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $32.1B in Gold, making it the 4th largest exporter of Gold in the world. At the same year, Gold was the 1st most exported product in United Kingdom. The main destination of Gold exports from United Kingdom are: China ($17.6B), United Arab Emirates ($4.5B), Austria ($2.08B), Switzerland ($1.81B), and Germany ($1.63B).

The fastest growing export markets for Gold of United Kingdom between 2021 and 2022 were China ($17.6B), United Arab Emirates ($2.06B), and Austria ($1.4B).

Imports In 2022, United Kingdom imported $38.7B in Gold, becoming the 4th largest importer of Gold in the world. At the same year, Gold was the 4th most imported product in United Kingdom. United Kingdom imports Gold primarily from: Canada ($7.53B), United States ($7.07B), Kazakhstan ($6.57B), Philippines ($3.42B), and Switzerland ($3.18B).

The fastest growing import markets in Gold for United Kingdom between 2021 and 2022 were Philippines ($3.42B), Kazakhstan ($3.11B), and France ($407M).

Latest Trends

September 2024

About

Overview In September 2024 United Kingdom's Gold exports accounted up to £4.38B and imports accounted up to £4.99B, resulting in a negative trade balance of £607M. Between September 2023 and September 2024 the exports of United Kingdom's   Gold have decreased by £-1.55B (-26.1%) from £5.93B to £4.38B, while imports increased by £3.01B (152%) from £1.98B to £4.99B.

Destinations In September 2024, Gold were exported mostly to China (£3.75B), Hong Kong (£315M), Azerbaijan (£249M), United Arab Emirates (£32M), and Turkey (£14.1M), and were imported mostly from Canada (£882M), South Africa (£656M), United States (£653M), Uzbekistan (£618M), and Australia (£434M).

Growth In September 2024, the decrease in Gold's year-by-year exports was explained primarily by a decrease in exports to Switzerland (£-1.43B or -69.1%), Singapore (£-217M or -99.4%), and United Arab Emirates (£-88.7M or -98.6%). In September 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 (September 2023 - September 2024)£-1.55B(-26.1%)
IMPORT GROWTH (September 2023 - September 2024)£3.01B(152%)
MAIN EXPORTER (September 2024)London Heathrow Airport£7.26B
MAIN DESTINATION (September 2024)China£3.75B

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 (2022)$32.1B
IMPORTS (2022)$38.7B
NET TRADE (2022)-$6.63B

In 2022, United Kingdom exported $32.1B in Gold. The main destinations of United Kingdom exports on Gold were China ($17.6B), United Arab Emirates ($4.5B), Austria ($2.08B), Switzerland ($1.81B), and Germany ($1.63B).

In 2022, United Kingdom imported $38.7B in Gold, mainly from Canada ($7.53B), United States ($7.07B), Kazakhstan ($6.57B), Philippines ($3.42B), and Switzerland ($3.18B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gold EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
China$17.6B (2.45M%)
United Arab Emirates$2.06B (84.3%)
Austria$1.4B (207%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY United Kingdom WERE (2021 - 2022):
Switzerland-$18B (-90.9%)
Spain-$943M (-59.9%)
Germany-$528M (-24.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Gold were:
Switzerland $101B
United States $37.5B
United Arab Emirates $32.8B
In 2022, United Kingdom's main importing competitors in Gold were:
Switzerland $94.9B
China $67.6B
United Arab Emirates $57.1B

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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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