HS Icon Gold in unwrought forms non-monetary

710812 (Harmonized System 1992 for 6-digit)

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.

The countries with the highest import tariffs for Gold in unwrought forms non-monetary are Angola (50%), Ethiopia (34.7%), Cameroon (29.4%), and Gabon (29.4%). The countries with the lowest tariffs are Egypt (0%), Mauritius (0%), South Africa (0%), United Arab Emirates (0%), and China (0%).

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.

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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.

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Historical Data

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Exporters and Importers

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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).

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Market Dynamics

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Trade by country

Value

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).

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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 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.

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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).

Country Comparison

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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.

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.