Gold7108 (Harmonized System 1992 for 4-digit)
World Trade (2018): $305B, Rnk 8 / 1225
Top Exporter (2018): $63.8B, Switzerland
Top Importer (2018): $64.9B, Switzerland
Product Complexity (2018): -2.33, Rnk 1009 / 1018
Export Growth (CAGR)(2017 - 2018): -7.94%, Rnk 1165 / 1225
Mean Tariff (2018): 5.09%, Rnk 812 / 1259
Share of World Trade (2018): 1.66%, Rnk 8 / 1225
Overview: This page contains the latest trade data of Gold. 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).
Trade By Country
Top Origin (2018): Switzerland, $63.8B
Top Destination (2018): Switzerland, $64.9B
Gold are the world's 8th most traded product.
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).
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).
Trade by country
Top Origin Growth (2017 - 2018): United Kingdom, $9.69B
Top Destination Growth (2017 - 2018): United Arab Emirates, $10B
Between 2017 and 2018, the exports of Gold grew the fastest in United Kingdom ($9.69B), Canada ($6.04B), Venezuela ($2.7B), Burkina Faso ($2.41B), and Guinea ($2.24B).
Between 2017 and 2018, the fastest growing importers of Gold were United Arab Emirates ($10B), Cambodia ($3.59B), Saudi Arabia ($3.24B), France ($2.77B), and Azerbaijan ($1.27B).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Gold.
In 2018, market concentration measured using Shannon Entropy, was 4.84. This means that most of the exports of Gold are explained by 28 countries.
TOP NET EXPORTER (2018): South Africa, $15.8B
TOP NET IMPORTER (2018): China, $35.4B
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 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Gold were South Africa ($15.8B), Australia ($12.2B), Ghana ($10B), United States ($8.23B), and Canada ($7.93B).
In 2018, the countries that had a largest trade value in imports than in exports of Gold were China ($35.4B), India ($31.9B), Hong Kong ($14.1B), United Arab Emirates ($11.9B), and Turkey ($8.11B).
In 2018, the average tariff for importing Gold was 5.09%. The countries with the highest tariffs for importing Gold were Angola (50%), Cameroon (29.4%), Gabon (29.4%), Chad (29.4%), and Uzbekistan (28.7%).
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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