HS Icon Gold in  Flag India

2021
Exports | Imports
: $251M | $58.4B, World Rnk 78 / 172
Flag Rnk 237 / 1214 | World Rnk 2 / 176
Flag Rnk 2 / 1208

2020 - 2021
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $5.98M | $19.3B, Qatar |  Switzerland

2021
ECONOMIC COMPLEXITY of India
: 0.61, Rnk 41 / 131

2021
PRODUCT COMPLEXITY IN Gold
: -2.3, Rnk 1021 / 1029

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%).

Mar 2023

Subnational Monthly Trade

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Y-AXIS SCALE

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The following visualization shows the latest trends on Gold. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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EXPORTS (2021): $251M

IMPORTS (2021): $58.4B

NET TRADE (2021): -$58.1B

In 2021, India exported $251M in Gold. The main destinations of India exports on Gold were United Arab Emirates ($205M), Qatar ($35.1M), Hong Kong ($4.03M), Singapore ($2.96M), and Jordan ($1.51M).

In 2021, India imported $58.4B in Gold, mainly from Switzerland ($29.3B), United Arab Emirates ($7.03B), South Africa ($4.1B), Guinea ($3.16B), and Peru ($2.15B).

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Flow

THE FASTEST GROWING Gold EXPORT MARKETS FOR India WERE (2020 - 2021):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY India WERE (2020 - 2021):

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Market Concentration

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In 2021, India's main exporting competitors in Gold were:

In 2021, India's main importing competitors in Gold were:

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