HS Icon Gold, semi-manufactured forms, non-monetary

710813 (Harmonized System 1992 for 6-digit)

World Trade (2018): $69B, Rnk 28 / 4726

Top Exporter (2018): $13B, Australia

Top Importer (2018): $9B, United Kingdom

Product Complexity (2018): -1.72, Rnk 4617 / 4873

Export Growth (CAGR)(2017 - 2018): -0.24%, Rnk 3864 / 4726

Mean Tariff (2018): 5.66%, Rnk 3764 / 6538

Share of World Trade (2018): 0.38%, Rnk 28 / 4726

Overview:  This page contains the latest trade data of Gold, semi-manufactured forms, non-monetary. In 2018, Gold, semi-manufactured forms, non-monetary were the world's 28th most traded product, with a total trade of $69B. Between 2017 and 2018 the exports of Gold, semi-manufactured forms, non-monetary decreased by -0.24%, from  $69.2B to $69B. Trade in Gold, semi-manufactured forms, non-monetary represent 0.38% of total world trade.

Exports: In 2018 the top exporters of Gold, semi-manufactured forms, non-monetary  were Australia ($13B), Switzerland ($8.25B), Singapore ($7.47B), South Africa ($6.68B), and United Kingdom ($6.47B).

Imports: In 2018 the top importers of Gold, semi-manufactured forms, non-monetary were United Kingdom ($9B), India ($8.83B), China ($8.3B), Hong Kong ($6.38B), and United Arab Emirates ($5.2B).

Tariffs: In 2018 the average tariff for Gold, semi-manufactured forms, non-monetary was 5.66%, been the 3764 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Gold, semi-manufactured forms, non-monetary are Angola (50%), Ethiopia (34.7%), 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, semi-manufactured forms, non-monetary ranks 4617th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Australia, $13B

Top Destination (2018): United Kingdom, $9B

Gold, semi-manufactured forms, non-monetary are the world's 28th most traded product.

In 2018, the top exporters of Gold, semi-manufactured forms, non-monetary were Australia ($13B), Switzerland ($8.25B), Singapore ($7.47B), South Africa ($6.68B), and United Kingdom ($6.47B).

In 2018, the top importers of Gold, semi-manufactured forms, non-monetary were United Kingdom ($9B), India ($8.83B), China ($8.3B), Hong Kong ($6.38B), and United Arab Emirates ($5.2B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United Kingdom, $4.68B

Top Destination Growth (2017 - 2018): China, $4.36B

Between 2017 and 2018, the exports of Gold, semi-manufactured forms, non-monetary grew the fastest in United Kingdom ($4.68B), Singapore ($3.3B), Burkina Faso ($2.16B), Ghana ($1.42B), and Zimbabwe ($1.14B).

Between 2017 and 2018, the fastest growing importers of Gold, semi-manufactured forms, non-monetary were China ($4.36B), India ($3.83B), Switzerland ($3.01B), United Arab Emirates ($2.86B), and Cambodia ($1.77B).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Gold, semi-manufactured forms, non-monetary.

In 2018,  market concentration measured using Shannon Entropy, was 4.14. This means that most of the exports of Gold, semi-manufactured forms, non-monetary are explained by 17 countries.

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TOP NET EXPORTER (2018): Australia, $12.2B

TOP NET IMPORTER (2018): China, $8.2B

This map shows which countries export or import more of Gold, semi-manufactured forms, non-monetary. Each country is colored based on the difference in exports and imports of Gold, semi-manufactured forms, non-monetary during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Gold, semi-manufactured forms, non-monetary were Australia ($12.2B), Ghana ($5.45B), South Africa ($5.19B), Switzerland ($3.65B), and Singapore ($2.85B).

In 2018, the countries that had a largest trade value in imports than in exports of Gold, semi-manufactured forms, non-monetary were China ($8.2B), India ($7.95B), Hong Kong ($4.45B), United Arab Emirates ($4.43B), and Cambodia ($3.88B).

Trade Forecasts

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This section shows forecasts for total trade for Gold, semi-manufactured forms, non-monetary. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Gold, semi-manufactured forms, non-monetary was 5.66%.  The countries with the highest tariffs for importing Gold, semi-manufactured forms, non-monetary were Angola (50%), Ethiopia (34.7%), Cameroon (29.4%), Gabon (29.4%), and Chad (29.4%).

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Product Complexity

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Diversification Frontier

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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.