Switzerland, holding the top position in gold exports for 2023, reached a value of $82.27 billion, followed by Hong Kong at $54.06 billion. The United States, United Arab Emirates, and United Kingdom follow with values of $17.68 billion, $16.47 billion, and $15.55 billion, respectively. Australia, Canada, Turkey, Japan, and Peru round up the top exporters list. Over the last five years, a steady increase in the compound annual growth rate (CAGR) has been observed in gold exports, with Switzerland and Hong Kong showing significant year-on-year growth driven by increased demand and strategic trade positioning.
Future trends to watch include:
- Increased emphasis on sustainable mining practices affecting production costs.
- Fluctuations in global economic stability potentially influencing gold prices and demand.
- Technological advancements in refining and recycling processes enhancing supply capacity.
- Geopolitical tensions impacting trade routes and exporter performance.
Top countries in Top Exporters of Gold
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 Switzerland | 82,270 | 2016 | |
| 2 | 2 Hong Kong | 54,060 | 2016 | |
| 3 | 3 United States | 17,680 | 2016 | |
| 4 | 4 United Arab Emirates | 16,470 | 2016 | |
| 5 | 5 United Kingdom | 15,550 | 2016 | |
| 6 | 6 Australia | 13,460 | 2016 | |
| 7 | 7 Canada | 12,460 | 2016 | |
| 8 | 8 Turkey | 8,250 | 2016 | |
| 9 | 9 Japan | 7,340 | 2016 | |
| 10 | 10 Peru | 6,430 | 2016 |
