Gold in   India

Exports In 2021, India exported $251M in Gold, making it the 78th largest exporter of Gold in the world. At the same year, Gold was the 237th most exported product in India. The main destination of Gold exports from India are: United Arab Emirates ($205M), Qatar ($35.1M), Hong Kong ($4.03M), Singapore ($2.96M), and Jordan ($1.51M).

The fastest growing export markets for Gold of India between 2020 and 2021 were Qatar ($5.98M), Jordan ($447k), and United Kingdom ($233k).

Imports In 2021, India imported $58.4B in Gold, becoming the 2nd largest importer of Gold in the world. At the same year, Gold was the 2nd most imported product in India. India imports Gold primarily from: Switzerland ($29.3B), United Arab Emirates ($7.03B), South Africa ($4.1B), Guinea ($3.16B), and Peru ($2.15B).

The fastest growing import markets in Gold for India between 2020 and 2021 were Switzerland ($19.3B), United Arab Emirates ($4.45B), and South Africa ($2.69B).

Tariffs In 2019, the average tariff for India in Gold was 10.2%. The countries with the highest import tariffs for Gold were Angola (Most Favoured Nation duty rate treatment, 12.5%), Botswana (Most Favoured Nation duty rate treatment, 12.5%), Cote d'Ivoire (Most Favoured Nation duty rate treatment, 12.5%), Cameroon (Most Favoured Nation duty rate treatment, 12.5%), and Democratic Republic of the Congo (Most Favoured Nation duty rate treatment, 12.5%).