Overview This page contains the latest trade data of Gold. In 2020, Gold were the world's 6th most traded product, with a total trade of $422B. Between 2019 and 2020 the exports of Gold grew by 23.8%, from $341B to $422B. Trade in Gold represent 2.52% of total world trade.

Gold are a part of Precious metals, gems and jewelry. They include Gold in unwrought forms non-monetary, Gold, semi-manufactured forms, non-monetary, and Gold powder non-monetary.

Exports In 2020 the top exporters of Gold  were Switzerland ($68.5B), Hong Kong ($33B), United Arab Emirates ($28.8B), Russia ($18.7B), and Australia ($17.7B).

Imports In 2020 the top importers of Gold were Switzerland ($87.4B), United Kingdom ($83.7B), United States ($48.2B), United Arab Emirates ($38.4B), and Turkey ($23.7B).

Tariffs In 2018 the average tariff for Gold was 5.1%, making it the 818th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Gold are Angola (50%), Cameroon (29.4%), Gabon (29.4%), and Chad (29.4%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), United Arab Emirates (0%), China (0%), and Hong Kong (0%).

Ranking Gold ranks 1018th in the Product Complexity Index (PCI).

Description Gold is a precious metal that is used in jewelry, electronics, and other products. It's also used in the production of dental alloys.

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Y-AXIS SCALE

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

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

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

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2020): Switzerland, $68.5B

Top Destination (2020): Switzerland, $87.4B

Gold are the world's 6th most traded product.

In 2020, the top exporters of Gold were Switzerland ($68.5B), Hong Kong ($33B), United Arab Emirates ($28.8B), Russia ($18.7B), and Australia ($17.7B).

In 2020, the top importers of Gold were Switzerland ($87.4B), United Kingdom ($83.7B), United States ($48.2B), United Arab Emirates ($38.4B), and Turkey ($23.7B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): Hong Kong, $19.1B

Top Destination Growth (2019 - 2020): United States, $37.9B

Between 2019 and 2020, the exports of Gold grew the fastest in Hong Kong ($19.1B), Russia ($12B), Switzerland ($9.44B), United Arab Emirates ($8.12B), and Thailand ($6.65B).

Between 2019 and 2020, the fastest growing importers of Gold were United States ($37.9B), Switzerland ($23.7B), United Kingdom ($18.8B), Turkey ($12.2B), and Singapore ($9.7B).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Gold.

In 2020,  market concentration measured using Shannon Entropy, was 5.15. This means that most of the exports of Gold are explained by 35 countries.

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TOP NET EXPORTER (2020): Russia, $18.2B

TOP NET IMPORTER (2020): United Kingdom, $66.6B

This map shows which countries export or import more of Gold. Each country is colored based on the difference in exports and imports of Gold during 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Gold were Russia ($18.2B), Hong Kong ($12.9B), South Africa ($11.9B), Australia ($11.3B), and Thailand ($9.23B).

In 2020, the countries that had a largest trade value in imports than in exports of Gold were United Kingdom ($66.6B), United States ($31.8B), India ($21.5B), Turkey ($19.8B), and Switzerland ($18.9B).

Disaggregation

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Value

In 2020, the world most traded Gold, disaggragated by their HS6 level were Gold in unwrought forms non-monetary ($344B), Gold, semi-manufactured forms, non-monetary ($78.1B), and Gold powder non-monetary ($438M)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Gold.
It is possible to select the main countries that export or import Gold in the world, or by continent, as well as select the measure of interest.

Product Complexity

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Diversification Frontier

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Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Country by Relatedness

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The following visualization shows the relatedness of Gold to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.