The United Kingdom dominates the European gold export market with an 83.32% share in 2023, despite a 5.81% year-on-year decline. Belgium and Spain follow with much smaller shares, experiencing declines of 2.84% and 13.27%, respectively. Italy, the Netherlands, and France round out the top six, with the Netherlands showing impressive growth of 25.19%, contrasting with declines in Italy and France. Germany's export share drastically dropped by 46.43%. The data suggests a fragmented European export landscape with overall negative growth trends, except for some notable exceptions like the Netherlands and Bulgaria.
Future trends to monitor include the impact of geopolitical and economic shifts on the supply chain and demand for gold. Market expansion in the Netherlands may continue due to its recent positive growth trend, while strategic shifts are needed in countries with declining shares, such as Ireland and Estonia. Additionally, watch for technological advancements that may affect gold processing and export capacities across the continent.
Top countries in Export of Gold, Unwrought or in Semi-Manufactured Forms, or in Powder Form Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 83.32 | 2023 | +0.024% | -5.81% | View data |
| 2 | 2 Belgium | 5.33 | 2023 | +11.7% | -2.84% | View data |
| 3 | 3 Spain | 3.85 | 2023 | -9.2% | -13.27% | View data |
| 4 | 4 Italy | 3.77 | 2023 | +12.46% | -15.72% | View data |
| 5 | 5 Netherlands | 3.15 | 2023 | +80.2% | +25.19% | View data |
| 6 | 6 France | 2.94 | 2023 | +2.57% | -12.87% | View data |
| 7 | 7 Sweden | 1.92 | 2023 | -0.9% | -1.43% | View data |
| 8 | 8 Austria | 1.58 | 2023 | -7.26% | -9.64% | View data |
| 9 | 9 Germany | 0.84 | 2023 | -39.21% | -46.43% | View data |
| 10 | 10 Poland | 0.46 | 2023 | -3.61% | -3.53% | View data |
