That dollar amount results from a 42.3% gain in value since 2020 when worldwide gold shipments were valued at $412 billion.
Year over year, revenues from globally exported gold sales accelerated 14.2% from $513.5 billion starting in 2023.
The 5 biggest gold exporters in 2024 were Switzerland, United Kingdom, Hong Kong, United Arab Emirates, and the United States of America. Collectively, revenues for that cohort of major gold exporters exceeded half (54.8%) of international gold sales.
Among continents, exporters in European countries placed first for selling the most gold on international markets with shipments valued at $227.7 billion or 38.8% of the worldwide total. In second place, exporters in Asia furnished 35.2% worth of gold exports.
Another 11.1% worth was shipped from North America while 5.2% originated from gold suppliers in Latin America excluding Mexico but including the Caribbean.
Providers located in Africa came in at 5% of worldwide gold sales, trailed by Oceania (4.6%) led by Australia, Papua New Guinea and New Zealand.
For research purposes, the 4-digit Harmonized Tariff System code prefix for unwrought or semi-manufactured gold is 7108.
Gold Exports by Country
Below are the 15 countries that exported the highest dollar value worth of gold during 2024.
- Switzerland: US$116.4 billion (19.8% of global total)
- United Kingdom: $65.9 billion (11.2%)
- Hong Kong: $56.6 billion (9.6%)
- United Arab Emirates: $53.4 billion (9.1%)
- United States: $29.7 billion (5.1%)
- Canada: $28 billion (4.8%)
- Australia: $23.6 billion (4%)
- Japan: $17.9 billion (3%)
- Singapore: $17.4 billion (3%)
- Germany: $15 billion (2.6%)
- Uzbekistan: $13.6 billion (2.3%)
- Peru: $12.7 billion (2.2%)
- mainland China: $12.5 billion (2.1%)
- Russia: $12.3 billion (2.1%)
- Thailand: $8.6 billion (1.5%)
By value, the listed 15 countries shipped 82.5% of globally exported gold in 2024.
Among the top exporters, the fastest-growing gold exporters from 2023 to 2024 were: mainland China (up 205.7%), Germany (up 74.1%), Uzbekistan (up 66.4%) and Peru (up 49%).
The Russian Federation was the lone top competitor to post a decline in its exported gold sales, down -9.4% from 2023.
For a comprehensive listing of 100 major gold exporters with pertinent statistics, please see the section below.
Searchable List of Gold Exporting Countries in 2024
You can change the presentation order by clicking the triangle icon at the top of any of the columns below. Note that an entry of 0% in the right-most column means no 2023 data was available.
| Rank | Exporter | Gold Exports | 2023-4 |
|---|---|---|---|
| 1. | Switzerland | $116,356,061,000 | +8.5% |
| 2. | United Kingdom | $65,927,220,000 | +1% |
| 3. | Hong Kong | $56,565,462,000 | +40.3% |
| 4. | United Arab Emirates | $53,419,139,000 | +1.1% |
| 5. | United States | $29,678,942,000 | +14% |
| 6. | Canada | $27,981,711,000 | +36.9% |
| 7. | Australia | $23,558,387,000 | +25% |
| 8. | Japan | $17,850,324,000 | +42.8% |
| 9. | Singapore | $17,386,622,000 | +38.4% |
| 10. | Germany | $15,018,386,000 | +74.1% |
| 11. | Uzbekistan | $13,567,500,000 | +66.4% |
| 12. | Peru | $12,688,249,000 | +49% |
| 13. | mainland China | $12,462,258,000 | +205.7% |
| 14. | Russia | $12,313,389,000 | -9.4% |
| 15. | Thailand | $8,629,547,000 | +45.3% |
| 16. | South Africa | $8,174,296,000 | +45.2% |
| 17. | Mexico | $7,331,711,000 | +115.2% |
| 18. | Kyrgyzstan | $5,875,794,000 | +357.5% |
| 19. | Ghana | $5,690,405,000 | -25.7% |
| 20. | Armenia | $5,605,279,000 | +209.6% |
| 21. | Italy | $5,104,078,000 | +40% |
| 22. | Burkina Faso | $4,643,575,000 | +32.2% |
| 23. | Colombia | $4,103,525,000 | +20.6% |
| 24. | Brazil | $3,960,421,000 | +13.6% |
| 25. | France | $3,546,981,000 | +42.7% |
| 26. | Türkiye | $3,481,781,000 | -19.6% |
| 27. | Spain | $3,190,434,000 | +7.2% |
| 28. | Ivory Coast | $3,143,973,000 | +33.6% |
| 29. | Papua New Guinea | $2,530,567,000 | +678.2% |
| 30. | Austria | $2,066,261,000 | -10.9% |
| 31. | Saudi Arabia | $1,774,917,000 | +26.1% |
| 32. | Mauritania | $1,637,579,000 | +7.7% |
| 33. | Argentina | $1,628,280,000 | +46% |
| 34. | Dominican Republic | $1,525,291,000 | +29.8% |
| 35. | Chile | $1,433,021,000 | +41.3% |
| 36. | Nicaragua | $1,371,563,000 | +21.5% |
| 37. | Philippines | $1,370,854,000 | +13.9% |
| 38. | Egypt | $1,307,689,000 | -28.5% |
| 39. | Belgium | $1,244,372,000 | +21.5% |
| 40. | South Korea | $1,220,127,000 | -21.1% |
| 41. | Taiwan | $1,178,598,000 | -0.3% |
| 42. | Indonesia | $1,062,178,000 | +25.2% |
| 43. | Ecuador | $1,026,303,000 | -26.2% |
| 44. | Suriname | $1,006,039,000 | -13.8% |
| 45. | Malaysia | $966,944,000 | +50.2% |
| 46. | Guyana | $956,744,000 | +64.7% |
| 47. | Mongolia | $899,386,000 | +21.9% |
| 48. | Liberia | $894,793,000 | 0% |
| 49. | Uganda | $840,919,000 | -62.3% |
| 50. | Namibia | $780,950,000 | +24.3% |
| 51. | Sweden | $764,705,000 | -7.3% |
| 52. | Senegal | $759,176,000 | -13.2% |
| 53. | Laos | $715,050,000 | +9.6% |
| 54. | Bolivia | $686,631,000 | -72.3% |
| 55. | New Zealand | $607,744,000 | +32.7% |
| 56. | Cambodia | $467,902,000 | -43.3% |
| 57. | Guinea | $454,884,000 | -95.3% |
| 58. | Tanzania | $434,978,000 | -85.8% |
| 59. | Netherlands | $434,792,000 | +67.9% |
| 60. | Kazakhstan | $418,170,000 | -2.9% |
| 61. | India | $352,570,000 | +373.4% |
| 62. | Mali | $342,289,000 | -88.9% |
| 63. | Tajikistan | $341,542,000 | 0% |
| 64. | Romania | $239,480,000 | +109.6% |
| 65. | Poland | $222,673,000 | -18.2% |
| 66. | Portugal | $216,623,000 | +28.5% |
| 67. | Norway | $212,110,000 | +36.6% |
| 68. | Azerbaijan | $211,909,000 | +30.2% |
| 69. | Nigeria | $200,872,000 | +52.9% |
| 70. | Honduras | $193,245,000 | +44% |
| 71. | Estonia | $179,593,000 | +73.4% |
| 72. | Luxembourg | $171,293,000 | -29.9% |
| 73. | Jordan | $149,781,000 | -61.7% |
| 74. | Lebanon | $116,243,000 | -64.3% |
| 75. | Zambia | $111,735,000 | +141.1% |
| 76. | Czech Republic | $108,903,000 | +11.4% |
| 77. | Georgia | $104,699,000 | +18% |
| 78. | Solomon Islands | $86,348,000 | +45.9% |
| 79. | Hungary | $84,964,000 | +47.7% |
| 80. | Croatia | $77,229,000 | +13.3% |
| 81. | Fiji | $75,621,000 | +71.3% |
| 82. | Oman | $62,779,000 | -37.7% |
| 83. | Bulgaria | $46,974,000 | +134.3% |
| 84. | Costa Rica | $39,606,000 | +111.2% |
| 85. | Paraguay | $38,617,000 | +217.5% |
| 86. | Slovenia | $35,902,000 | +82.3% |
| 87. | Slovakia | $35,192,000 | +63.3% |
| 88. | Panama | $33,832,000 | -39.3% |
| 89. | Burundi | $32,273,000 | -57% |
| 90. | Zimbabwe | $30,807,000 | -98.3% |
| 91. | Malta | $30,001,000 | +832.6% |
| 92. | Vietnam | $27,527,000 | +45.3% |
| 93. | Mozambique | $27,217,000 | +34.7% |
| 94. | Kenya | $24,065,000 | -28.5% |
| 95. | Morocco | $22,420,000 | +15.7% |
| 96. | Denmark | $21,479,000 | +6.5% |
| 97. | Serbia | $18,615,000 | +48% |
| 98. | Greece | $15,876,000 | -18.4% |
| 99. | Macao | $15,043,000 | +176.1% |
| 100. | Cyprus | $11,990,000 | +25% |
The listed 100 gold exporters accounted for 99.98% of overall exported gold sales for 2024.
Drilling down on these top 100 gold suppliers, the fastest-growing exporters of gold were relatively smaller providers. These include Malta (up 832.6% from 2023), Papua New Guinea (up 678.2%), India (up 373.4%), Kyrgyzstan (up 357.5%), Paraguay (up 217.5%), Armenia (up 209.6%) then mainland China (up 205.7%).
Countries Enjoying Greatest Surpluses Trading Gold
The following countries posted the highest positive net exports for gold during 2024. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the surplus between the value of each country’s gold exports and its import purchases for that same commodity.
- UAE: US$28.6 billion (net export surplus reversing a -$23.9 billion deficit for 2023)
- Canada: $18.4 billion (up 68.5% since 2023)
- Japan: $17.3 billion (up 42%)
- Australia: $17 billion (up 29.6%)
- United States of America: $13.7 billion (up 25.5%)
- Uzbekistan: $13.5 billion (up 65.2%)
- Peru: $12.7 billion (up 49%)
- Russia: $12.1 billion (down -9.5%)
- Switzerland: $11.2 billion (up 126.8%)
- Germany: $8.9 billion (up 75.9%)
- Mexico: $7.2 billion (up 120.6%)
- South Africa: $7.1 billion (up 42.2%)
- Ghana: $5.65 billion (down -26.1%)
- Kyrgyzstan: $5.64 billion (up 345.2%)
- Burkina Faso: $4.6 billion (up 32.2%)
The United Arab Emirates posted the highest surplus in the international trade of gold among the above top precious metal exporters in 2024. In turn, this positive cashflow confirms the UAE’s strong competitive advantage in the international trade of the popular precious metal.
Countries Incurring Biggest Deficits Trading Gold
The following countries posted the highest negative net exports for gold during 2024. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the deficit between the value of each country’s gold import purchases and its exports for that same commodity.
- mainland China: -US$90.4 billion (net export deficit up 2.7% since 2023)
- India: -$51.4 billion (up 20.8%)
- Türkiye: -$13.6 billion (down -47%)
- United Kingdom: -$11.2 billion (down -165.4%)
- Hong Kong: -$8.9 billion (down -54.5%)
- Thailand: -$6.8 billion (up 236.2%)
- Saudi Arabia: -$6.4 billion (up 8.3%)
- Italy: -$5.2 billion (up 72.2%)
- Indonesia: -$3.5 billion (up 100.9%)
- Azerbaijan: -$3.1 billion (reversing a $159.3 million surplus)
- Malaysia: -$3.08 billion (up 37.7%)
- Taiwan: -$1.5 billion (up 184.7%)
- Vietnam: -$1.3 billion (up 422.9%)
- South Korea: -$1.1 billion (reversing a $562.6 million surplus)
- Lebanon: -$665.7 million (down -62.2%)
Mainland China incurred the highest deficit in the international trade of gold during 2024. In turn, this negative cashflow highlights the People’s Republic’s strong competitive disadvantage for this specific product category but also signals opportunities for gold-supplying countries that help satisfy the powerful demand among Chinese consumers and businesses.
Average Unit Prices for Top Gold Exporters
Calculated based on the top 15 exporters of gold, the average unit price for exported gold was $70.164 million per ton in 2024.
The average unit price per ton for the 25 biggest exporters of gold was $70.2 million in 2024, expanding by 36.7% since 2020 and accelerating via a 30.3% increase from $53.9 million for 2023.
Below, you will find the average price charged per ton of exported gold for 15 of the biggest exporters of bullion ranked by total dollar value of gold shipments.
- Switzerland: US$74,682,966 per ton of exported gold (up 19.5% from 2023)
- United Kingdom: $76,040,623 per ton (up 22.94%)
- Hong Kong: $76,131,174 per ton (up 22.8%)
- United Arab Emirates: $77,757,116 per ton (up 28.5%)
- United States: $74,570,206 per ton (up 19.4%)
- Canada: $75,422,402 per ton (up 25.5%)
- Japan: $77,949,013 per ton (up 24.1%)
- Singapore: $72,964,128 per ton (up 21.9%)
- Germany: $70,508,854 per ton (up 18.5%)
- Uzbekistan: $71,407,895 per ton (up 13.8%)
- Peru: $29,784,622 per ton (up 43.8%)
- mainland China: $79,886,269 per ton (up 25.4%)
- Russia: $43,976,389 per ton (up 42%)
- Thailand: $75,697,781 per ton (up 23.6%)
- South Africa: $75,687,926 per ton (up 343.7%)
The most expensive among the listed gold exporters ranked starting with the highest average unit price per ton are world-leading mainland China, Japan, United Arab Emirates, Hong Kong, and the United Kingdom.
The lowest unit charges per ton of exported gold originated from Peru, Russia and Germany.
Major Gold Exporting Companies
Listed below are the world’s largest gold companies by market capitalization (which shifts often and dramatically due to the fact that many of these businesses are stock companies). Shown within parentheses is the country where the corporation is headquartered.
- Barrick Gold (Canada)
- Newmont Mining (United States)
- Goldcorp (Canada)
- Polyus Gold International (United Kingdom)
- AngloGold Ashanti (South Africa)
- Newcrest Mining (Australia)
- Kinross Gold (Canada)
- Gold Fields Ltd (South Africa)
- Agnico-Eagle Mines (Canada)
- Buenaventura (Peru)
- Harmony Gold (South Africa)
- Randgold Resources (Jersey)
- Yamana Gold (Canada)
See also Gold Imports by Country, Silver Exports by Country, Platinum Exports by Country and Palladium Exports by Country
Research Sources:
Central Intelligence Agency, The World Factbook Field Listing: Exports – Commodities. Accessed on June 3, 2025
Forbes 2020 Global 2000 rankings, The World’s Biggest Public Companies. Accessed on June 3, 2025
International Trade Centre , Trade Map. Accessed on June 3, 2025
Investopedia, Net Exports Definition. Accessed on June 3, 2025
Wikipedia, Gold. Accessed on June 3, 2025
Wikipedia, Largest gold companies. Accessed on June 3, 2025