2022
Exports
$124MWorld Rnk 93 / 176
Flag Rnk 387 / 1212
2022
PRODUCT COMPLEXITY IN Gold
-2.43Rnk 1016 / 1025
2022
Imports
$35.8BWorld Rnk 5 / 178
Flag Rnk 3 / 1206
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $124M in Gold, making it the 93rd largest exporter of Gold in the world. At the same year, Gold was the 387th most exported product in India. The main destination of Gold exports from India are: United Arab Emirates ($103M), Hong Kong ($9.94M), Turkey ($7.35M), Canada ($1.12M), and Singapore ($909k).

The fastest growing export markets for Gold of India between 2021 and 2022 were Turkey ($7.06M), Hong Kong ($5.91M), and Canada ($897k).

Imports In 2022, India imported $35.8B in Gold, becoming the 5th largest importer of Gold in the world. At the same year, Gold was the 3rd most imported product in India. India imports Gold primarily from: Switzerland ($13B), South Africa ($3.33B), United Arab Emirates ($3.22B), Guinea ($2.41B), and Bolivia ($2.26B).

The fastest growing import markets in Gold for India between 2021 and 2022 were United States ($551M), Ghana ($546M), and Uganda ($417M).

Latest Trends

Aug 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Gold. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$124M
IMPORTS (2022)$35.8B
NET TRADE (2022)-$35.7B

In 2022, India exported $124M in Gold. The main destinations of India exports on Gold were United Arab Emirates ($103M), Hong Kong ($9.94M), Turkey ($7.35M), Canada ($1.12M), and Singapore ($909k).

In 2022, India imported $35.8B in Gold, mainly from Switzerland ($13B), South Africa ($3.33B), United Arab Emirates ($3.22B), Guinea ($2.41B), and Bolivia ($2.26B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gold EXPORT MARKETS FOR India WERE (2021 - 2022):
Turkey$7.06M (2.52k%)
Hong Kong$5.91M (147%)
Canada$897k (395%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY India WERE (2021 - 2022):
United Arab Emirates-$102M (-49.6%)
Qatar-$34.8M (-99.1%)
Singapore-$2.05M (-69.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Gold were:
In 2022, India's main importing competitors in Gold were:

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Trade Value of Gold by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Arab Emirates+ $36M
TOP IMPORT POTENTIALUnited States+ $1.08B

Gold’s highest export potential is United Arab Emirates. With an export gap of $36M.   Gold’s highest import potential is United States with an import gap of $1.08B.

See methodology.

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