Gold in United Kingdom 2020 Exports | Imports : $17.2B | $83.7B, World Rnk 6 / 175 Rnk 4 / 1216 | World Rnk 2 / 168 Rnk 1 / 1213
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $1.14B | $11.2B, Germany | Russia
2020 ECONOMIC COMPLEXITY of United Kingdom: 1.42, Rnk 13 / 127
2020 PRODUCT COMPLEXITY IN Gold: -2.26, Rnk 1020 / 1029
Exports In 2020, United Kingdom exported $17.2B in Gold, making it the 6th largest exporter of Gold in the world. At the same year, Gold was the 4th most exported product in United Kingdom. The main destination of Gold exports from United Kingdom are: Switzerland ($6.84B), United Arab Emirates ($1.96B), Germany ($1.72B), Belarus ($1.11B), and Turkey ($993M).
The fastest growing export markets for Gold of United Kingdom between 2019 and 2020 were Germany ($1.14B), Belarus ($1.11B), and Switzerland ($807M).
Imports In 2020, United Kingdom imported $83.7B in Gold, becoming the 2nd 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: Russia ($16.9B), Hong Kong ($12.2B), Canada ($9.62B), Australia ($8.25B), and Switzerland ($6.53B).
The fastest growing import markets in Gold for United Kingdom between 2019 and 2020 were Russia ($11.2B), Hong Kong ($8.24B), and Uzbekistan ($3.64B).
October 2022
Overview In October 2022 United Kingdom's Gold exports accounted up to £8.5B and imports accounted up to £3.17B, resulting in a positive trade balance of £5.33B. Between October 2021 and October 2022 the exports of United Kingdom's Gold have increased by £3.39B (66.5%) from £5.1B to £8.5B, while imports increased by £241M (8.22%) from £2.93B to £3.17B.
Destinations In October 2022, Gold were exported mostly to Switzerland (£3.51B), China (£3.45B), United Arab Emirates (£877M), Hong Kong (£272M), and Spain (£127M), and were imported mostly from Philippines (£1.41B), Canada (£560M), United States (£383M), Kazakhstan (£212M), and Switzerland (£178M).
Growth In October 2022, the increase in Gold's year-by-year exports was explained primarily by an increase in exports to Switzerland (£765M or 594%), Spain (£16.6M or 528k%), and United Arab Emirates (£14.8M or 12.8%). In October 2022, the increase in Gold's year-by-year imports was explained primarily by an increase in imports from Australia (£400M or 1.35k%), Russia (£297M or 144%), and Canada (£167M or 19%).
EXPORT GROWTH (October 2021 - October 2022): £3.39B, (66.5%)
IMPORT GROWTH (October 2021 - October 2022): £241M, (8.22%)
MAIN EXPORTER (October 2022): London Heathrow Airport, £8.49B
MAIN DESTINATION (October 2022): Switzerland, £3.51B
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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EXPORTS (2020): $17.2B
IMPORTS (2020): $83.7B
NET TRADE (2020): -$66.6B
In 2020, United Kingdom exported $17.2B in Gold. The main destinations of United Kingdom exports on Gold were Switzerland ($6.84B), United Arab Emirates ($1.96B), Germany ($1.72B), Belarus ($1.11B), and Turkey ($993M).
In 2020, United Kingdom imported $83.7B in Gold, mainly from Russia ($16.9B), Hong Kong ($12.2B), Canada ($9.62B), Australia ($8.25B), and Switzerland ($6.53B).
THE FASTEST GROWING Gold EXPORT MARKETS FOR United Kingdom WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY United Kingdom WERE (2019 - 2020):
In 2020, United Kingdom's main exporting competitors in Gold were:
In 2020, United Kingdom's main importing competitors in Gold were:
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