Gold in 
India
2020 Exports | Imports : $408M | $21.9B, World Rnk 68 / 175 Rnk 141 / 1215 | World Rnk 6 / 168 Rnk 2 / 1207
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $62.8M | $588M, Turkey | Guinea
Exports In 2020, India exported $408M in Gold, making it the 68th largest exporter of Gold in the world. At the same year, Gold was the 141st most exported product in India. The main destination of Gold exports from India are: United Arab Emirates ($234M), Turkey ($62.8M), Switzerland ($61.2M), Qatar ($29.1M), and Hong Kong ($10M).
The fastest growing export markets for Gold of India between 2019 and 2020 were Turkey ($62.8M), Qatar ($29.1M), and Italy ($4.61M).
Imports In 2020, India imported $21.9B 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 ($10.1B), United Arab Emirates ($2.57B), South Africa ($1.41B), Peru ($1.03B), and Ghana ($853M).
The fastest growing import markets in Gold for India between 2019 and 2020 were Guinea ($588M), Singapore ($318M), and Hong Kong ($301M).
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 treatement, 12.5%), Botswana (Most Favoured Nation duty rate treatement, 12.5%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 12.5%), Cameroon (Most Favoured Nation duty rate treatement, 12.5%), and Democratic Republic of the Congo (Most Favoured Nation duty rate treatement, 12.5%).
Latest Trends
#permalink to sectionSubnational Monthly Trade
#permalink to sectionFor 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.
Historical Data
#permalink to sectionTrade Balance
#permalink to sectionEXPORTS (2020): $408M
IMPORTS (2020): $21.9B
NET TRADE (2020): -$21.5B
In 2020, India exported $408M in Gold. The main destinations of India exports on Gold were United Arab Emirates ($234M), Turkey ($62.8M), Switzerland ($61.2M), Qatar ($29.1M), and Hong Kong ($10M).
In 2020, India imported $21.9B in Gold, mainly from Switzerland ($10.1B), United Arab Emirates ($2.57B), South Africa ($1.41B), Peru ($1.03B), and Ghana ($853M).
Net Trade
#permalink to sectionIN 2020, India HAD A POSITIVE NET TRADE IN Gold WITH:
- Canada , $260k ($340k - $80k)
- Finland , $25.9k ($30.3k - $4.45k)
- Netherlands , $3.39k ($12.8k - $9.42k)
IN 2020, India HAD A NEGATIVE NET TRADE IN Gold WITH:
- Switzerland , -$10B ($61.2M - $10.1B)
- United Arab Emirates , -$2.34B ($234M - $2.57B)
- South Africa , -$1.41B ($7.33k - $1.41B)
Market Growth
#permalink to sectionMarket Concentration
#permalink to sectionIn 2019, India's main exporting competitors in Gold were:
- Switzerland , $68.5B
- Hong Kong , $33B
- United Arab Emirates , $28.8B
In 2019, India's main importing competitors in Gold were:
- Switzerland , $87.4B
- United Kingdom , $83.7B
- United States , $48.2B
Tariffs
#permalink to sectionTariffs by Country
#permalink to sectionIn 2019, the average tariff for India in Gold was 10.2%.
The countries with the highest tariffs for Gold in India were Angola (Most Favoured Nation duty rate treatement, 12.5%), Botswana (Most Favoured Nation duty rate treatement, 12.5%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 12.5%), Cameroon (Most Favoured Nation duty rate treatement, 12.5%), and Democratic Republic of the Congo (Most Favoured Nation duty rate treatement, 12.5%).
