2023
Exports
$229MWorld Rnk 86 / 167
Flag Rnk 278 / 1212
2023
PRODUCT COMPLEXITY IN Gold
-2.5Rnk 1019 / 1025
2023
Imports
$45BWorld Rnk 6 / 174
Flag Rnk 2 / 1208
2023
ECONOMIC COMPLEXITY of India
0.65Rnk 39 / 132

About

Exports In 2023, India exported $229M in Gold, making it the 86th largest exporter of Gold in the world. At the same year, Gold was the 278th most exported product in India. The main destination of Gold exports from India are: United Arab Emirates ($153M), Switzerland ($56.9M), China ($12.5M), Jordan ($2.51M), and Uganda ($1.57M).

The fastest growing export markets for Gold of India between 2022 and 2023 were Switzerland ($56.9M), China ($12.5M), and Jordan ($2.51M).

Imports In 2023, India imported $45B in Gold, becoming the 6th 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 ($15.7B), United Arab Emirates ($6.99B), South Africa ($4.82B), Australia ($2.35B), and Peru ($2.26B).

The fastest growing import markets in Gold for India between 2022 and 2023 were United Arab Emirates ($3.9B), Switzerland ($2.65B), and South Africa ($1.49B).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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

Trade Balance

Color
EXPORTS (2023)$229M
IMPORTS (2023)$45B
NET TRADE (2023)-$44.7B

In 2023, India exported $229M in Gold. The main destinations of India exports on Gold were United Arab Emirates ($153M), Switzerland ($56.9M), China ($12.5M), Jordan ($2.51M), and Uganda ($1.57M).

In 2023, India imported $45B in Gold, mainly from Switzerland ($15.7B), United Arab Emirates ($6.99B), South Africa ($4.82B), Australia ($2.35B), and Peru ($2.26B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Gold EXPORT MARKETS FOR India WERE (2022 - 2023):
Switzerland$56.9M (21.1M%)
China$12.5M (1%)
Jordan$2.51M (212k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY India WERE (2022 - 2023):
Hong Kong-$34.8M (-99.8%)
United Arab Emirates-$32.7M (-17.6%)
Singapore-$840k (-92.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, India's main exporting competitors in Gold were:
In 2023, India's main importing competitors in Gold were:

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Trade Value of Gold by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Arab Emirates+ $36M
TOP IMPORT POTENTIALUnited States+ $1.08B

Gold’s highest export potential is United Arab Emirates. With an export gap of $36M.   Gold’s highest import potential is United States with an import gap of $1.08B.

See methodology.

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