Overview: In 2018, Gold were the world's 8th most traded product, with a total trade of $305B. Between 2017 and 2018 the exports of Gold decreased by -7.94%, from $331B to $305B. Trade in Gold represent 1.66% of total world trade.
Exports: In 2018 the top exporters of Gold were Switzerland ($63.8B), United Kingdom ($25.8B), United States ($18.1B), South Africa ($17.9B), and Australia ($16.1B).
Imports: In 2018 the top importers of Gold were Switzerland ($64.9B), China ($36.9B), India ($32.8B), United Arab Emirates ($27.3B), and Hong Kong ($26.1B).
Tariffs: In 2018 the average tariff for Gold was 5.09%, been the 812 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%), Chad (29.4%), and Uzbekistan (28.7%). 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 1009th in the Product Complexity Index (PCI).