Gold in United States | The Observatory of Economic Complexity

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Exports In 2023, United States exported $29.3B in Gold, making it the 5th largest exporter of Gold in the world. At the same year, Gold was the 12th most exported product in United States. The main destination of Gold exports from United States are: Switzerland ($15.3B), United Kingdom ($7.96B), Australia ($1.6B), India ($1.14B), and Canada ($769M).

The fastest growing export markets for Gold of United States between 2022 and 2023 were United Kingdom ($999M), Australia ($684M), and Indonesia ($6.52M).

Imports In 2023, United States imported $16.5B in Gold, becoming the 8th largest importer of Gold in the world. At the same year, Gold was the 30th most imported product in United States. United States imports Gold primarily from: Canada ($6.84B), Switzerland ($1.64B), Colombia ($1.42B), Mexico ($1.18B), and South Africa ($943M).

The fastest growing import markets in Gold for United States between 2022 and 2023 were Canada ($4.83B), South Africa ($446M), and Colombia ($368M).

COMPANIES In 2023, leading companies such as Mystic Apparel (1) and Givaudan Fragrances (1) were at the forefront of shipping Gold to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Gold exports accounted up to $2.01B and imports accounted up to $2.16B, resulting in a negative trade balance of $155M. Between November 2023 and November 2024 the exports of United States' Gold have increased by $712M (54.9%) from $1.3B to $2.01B, while imports increased by $877M (68.1%) from $1.29B to $2.16B.

Destinations In November 2024, Gold were exported mostly to United Kingdom ($526M), Switzerland ($469M), India ($422M), Australia ($188M), and Singapore ($101M), and were imported mostly from Canada ($727M), South Africa ($419M), Mexico ($376M), Colombia ($164M), and Switzerland ($126M).

Growth In November 2024, the increase in Gold's year-by-year exports was explained primarily by an increase in exports to Switzerland ($1.47B or 260%), Australia ($31.2M or 138%), and United Kingdom ($18.4M or 3.03%). In November 2024, the increase in Gold's year-by-year imports was explained primarily by an increase in imports from Colombia ($32.9M or 42%), Nicaragua ($22.9M or 38.8%), and Brazil ($22.6M or 2.26k%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (November 2023 - November 2024)$712M(54.9%)

IMPORT GROWTH (November 2023 - November 2024)$877M(68.1%)

MAIN EXPORTER (November 2024)New York$2.64B

MAIN DESTINATION (November 2024)United Kingdom$526M

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 (2023)$29.3B

IMPORTS (2023)$16.5B

NET TRADE (2023)$12.8B

In 2023, United States exported $29.3B in Gold. The main destinations of United States exports on Gold were Switzerland ($15.3B), United Kingdom ($7.96B), Australia ($1.6B), India ($1.14B), and Canada ($769M).

In 2023, United States imported $16.5B in Gold, mainly from Canada ($6.84B), Switzerland ($1.64B), Colombia ($1.42B), Mexico ($1.18B), and South Africa ($943M).

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