HS Icon Gold in  Flag India

2019
Exports | Imports
: $823M | $33.8B, World Rnk 50 / 174
Flag Rnk 76 / 1213 | World Rnk 4 / 179
Flag Rnk 2 / 1209

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $445M | $1.13B, Hong Kong |  United Arab Emirates

2019
ECONOMIC COMPLEXITY of India
: 0.57, Rnk 45 / 147

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

Exports: In 2019, India exported $823M in Gold, making it the 50th largest exporter of Gold in the world. At the same year, Gold was the 76th most exported product in India. The main destination of Gold exports from India are: Hong Kong ($491M), United Arab Emirates ($241M), Switzerland ($57M), South Africa ($18.8M), and Singapore ($13.3M).

The fastest growing export markets for Gold of India between 2018 and 2019 were Hong Kong ($445M), Switzerland ($57M), and South Africa ($18.8M).

Imports: In 2019, India imported $33.8B in Gold, becoming the 4th 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 ($16.5B), United Arab Emirates ($3.29B), Ghana ($2.93B), South Africa ($1.6B), and United States ($1.53B).

The fastest growing import markets in Gold for India between 2018 and 2019 were United Arab Emirates ($1.13B), United Kingdom ($804M), and Switzerland ($661M).

Tariffs: In 2018, the average tariff for India in Gold was 8.18%. The countries with the highest import tariffs for Gold were Angola (Most Favoured Nation duty rate treatement, 10%), Botswana (Most Favoured Nation duty rate treatement, 10%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 10%), Cameroon (Most Favoured Nation duty rate treatement, 10%), and Democratic Republic of the Congo (Most Favoured Nation duty rate treatement, 10%).

Historical Data

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Value

EXPORTS (2019): $823M

IMPORTS (2019): $33.8B

NET TRADE (2019): -$33B

In 2019, India exported $823M in Gold. The main destinations of India exports on Gold were Hong Kong ($491M), United Arab Emirates ($241M), Switzerland ($57M), South Africa ($18.8M), and Singapore ($13.3M).

In 2019, India imported $33.8B in Gold, mainly from Switzerland ($16.5B), United Arab Emirates ($3.29B), Ghana ($2.93B), South Africa ($1.6B), and United States ($1.53B).

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IN 2019, India HAD A POSITIVE NET TRADE IN Gold WITH:: Hong Kong , $173M ($491M - $317M)

IN 2019, India HAD A NEGATIVE NET TRADE IN Gold WITH:

Flow

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

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

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Market Concentration

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Flow
Type

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

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

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Tariffs by Country

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In 2018, the average tariff for India in Gold was 8.18%.

The countries with the highest tariffs for Gold in India were Angola (Most Favoured Nation duty rate treatement, 10%), Botswana (Most Favoured Nation duty rate treatement, 10%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 10%), Cameroon (Most Favoured Nation duty rate treatement, 10%), and Democratic Republic of the Congo (Most Favoured Nation duty rate treatement, 10%).