Gold in United States | The Observatory of Economic Complexity

About

Exports In 2021, United States exported $26.6B in Gold, making it the 4th largest exporter of Gold in the world. At the same year, Gold was the 13th most exported product in United States. The main destination of Gold exports from United States are: Switzerland ($9.35B), United Kingdom ($8.55B), Hong Kong ($2.8B), India ($1.28B), and Singapore ($952M).

The fastest growing export markets for Gold of United States between 2020 and 2021 were Switzerland ($2.92B), Hong Kong ($2.53B), and United Kingdom ($2.19B).

Imports In 2021, United States imported $19.6B in Gold, becoming the 7th largest importer of Gold in the world. At the same year, Gold was the 19th most imported product in United States. United States imports Gold primarily from: Switzerland ($8.13B), Canada ($2.59B), Mexico ($2.48B), Colombia ($1.23B), and Nicaragua ($898M).

The fastest growing import markets in Gold for United States between 2020 and 2021 were Argentina ($260M), Nicaragua ($187M), and Mexico ($184M).

Latest Trends

September 2023

About

Overview In September 2023 United States' Gold exports accounted up to $2.61B and imports accounted up to $1.52B, resulting in a positive trade balance of $1.09B. Between September 2022 and September 2023 the exports of United States' Gold have decreased by $-1.51B (-36.6%) from $4.12B to $2.61B, while imports increased by $902M (145%) from $621M to $1.52B.

Destinations In September 2023, Gold were exported mostly to Switzerland ($884M), United Kingdom ($796M), Australia ($323M), Singapore ($198M), and India ($151M), and were imported mostly from Canada ($773M), Mexico ($178M), South Africa ($167M), Colombia ($128M), and Argentina ($80.7M).

Growth In September 2023, the decrease in Gold's year-by-year exports was explained primarily by a decrease in exports to United Kingdom ($-256M or -29.7%), Australia ($-17.1M or -43.1%), and Italy ($-15.7M or -62.3%). In September 2023, the increase in Gold's year-by-year imports was explained primarily by an increase in imports from Canada ($136M or 109%), Argentina ($22.6M or 66.2%), and Australia ($8.57M or 30%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (September 2022 - September 2023)$-1.51B(-36.6%)

IMPORT GROWTH (September 2022 - September 2023)$902M(145%)

MAIN EXPORTER (September 2023)New York$1.82B

MAIN DESTINATION (September 2023)Switzerland$884M

This section shows Gold's exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Gold over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2021)$26.6B

IMPORTS (2021)$19.6B

NET TRADE (2021)$6.97B

In 2021, United States exported $26.6B in Gold. The main destinations of United States exports on Gold were Switzerland ($9.35B), United Kingdom ($8.55B), Hong Kong ($2.8B), India ($1.28B), and Singapore ($952M).

In 2021, United States imported $19.6B in Gold, mainly from Switzerland ($8.13B), Canada ($2.59B), Mexico ($2.48B), Colombia ($1.23B), and Nicaragua ($898M).

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