Gold in unwrought forms non-monetary710812 (Harmonized System 1992 for 6-digit)
2020 World Trade: $344B, Rnk 5 / 4613
2020 Top Exporter | Top Importer: $62.5B | $80.5B, Switzerland | Switzerland
2020 Product Complexity: -2.31, Rnk 4741 / 4783
2019 - 2020 Export Growth (CAGR): 37%, Rnk 79 / 4613
2018 Mean Tariff: 4.61%, Rnk 4526 / 6538
2020 Share of World Trade: 2.05%, Rnk 5 / 4613
Overview This page contains the latest trade data of Gold in unwrought forms non-monetary. In 2020, Gold in unwrought forms non-monetary were the world's 5th most traded product, with a total trade of $344B. Between 2019 and 2020 the exports of Gold in unwrought forms non-monetary grew by 37%, from $251B to $344B. Trade in Gold in unwrought forms non-monetary represent 2.05% of total world trade.
Gold in unwrought forms non-monetary are a part of Gold.
Exports In 2020 the top exporters of Gold in unwrought forms non-monetary were Switzerland ($62.5B), Hong Kong ($30.4B), United Arab Emirates ($28.1B), Russia ($18.7B), and United States ($15.8B).
Imports In 2020 the top importers of Gold in unwrought forms non-monetary were Switzerland ($80.5B), United Kingdom ($58.4B), United States ($42.3B), United Arab Emirates ($34.2B), and Turkey ($22.8B).
Tariffs In 2018 the average tariff for Gold in unwrought forms non-monetary was 4.61%, making it the 4526th lowest tariff using the HS6 product classification.
Ranking Gold in unwrought forms non-monetary ranks 4741st in the Product Complexity Index (PCI).
Description Gold is commonly used in jewelry, electronics, dentistry, and other industries.
The following visualization shows the latest trends on Gold in unwrought forms non-monetary. 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.
Trade By Country
Top Origin (2020): Switzerland, $62.5B
Top Destination (2020): Switzerland, $80.5B
Gold in unwrought forms non-monetary are the world's 5th most traded product.
In 2020, the top exporters of Gold in unwrought forms non-monetary were Switzerland ($62.5B), Hong Kong ($30.4B), United Arab Emirates ($28.1B), Russia ($18.7B), and United States ($15.8B).
In 2020, the top importers of Gold in unwrought forms non-monetary were Switzerland ($80.5B), United Kingdom ($58.4B), United States ($42.3B), United Arab Emirates ($34.2B), and Turkey ($22.8B).
Trade by country
Top Origin Growth (2019 - 2020): Hong Kong, $20B
Top Destination Growth (2019 - 2020): United States, $34.4B
Between 2019 and 2020, the exports of Gold in unwrought forms non-monetary grew the fastest in Hong Kong ($20B), Switzerland ($12.5B), Russia ($12.4B), United Arab Emirates ($8.75B), and Thailand ($5.6B).
Between 2019 and 2020, the fastest growing importers of Gold in unwrought forms non-monetary were United States ($34.4B), Switzerland ($24.5B), United Kingdom ($15.4B), Turkey ($12.3B), and United Arab Emirates ($9.34B).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Gold in unwrought forms non-monetary.
In 2020, market concentration measured using Shannon Entropy, was 4.98. This means that most of the exports of Gold in unwrought forms non-monetary are explained by 31 countries.
TOP NET EXPORTER (2020): Russia, $18.7B
TOP NET IMPORTER (2020): United Kingdom, $49.2B
This map shows which countries export or import more of Gold in unwrought forms non-monetary. Each country is colored based on the difference in exports and imports of Gold in unwrought forms non-monetary during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Gold in unwrought forms non-monetary were Russia ($18.7B), Hong Kong ($13.1B), South Africa ($8.61B), Thailand ($8.41B), and Guinea ($8.08B).
In 2020, the countries that had a largest trade value in imports than in exports of Gold in unwrought forms non-monetary were United Kingdom ($49.2B), United States ($26.5B), Turkey ($20.3B), India ($19.4B), and Switzerland ($18B).
This visualization shows the countries that have an important ratio of their trade related to Gold in unwrought forms non-monetary. It is possible to select the main countries that export or import Gold in unwrought forms non-monetary in the world, or by continent, as well as select the measure of interest.
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.
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