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Who buys Australia’s gold? Export destinations 2024

In 2024, Australia exported $34 billion of gold (546 tonnes), 6.2% of the world total. Its main destinations were China (17%), the United Kingdom (17%) and Hong Kong (16%). Australia was the world’s 4th-largest exporter of gold.

Summary

Value
$34billion
Tonnes
546tonnes
Share of world total
6.2%
World rank
4th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
China5.9Tonnes: 68USD per tonne: $86,460,07417.3%Air
United Kingdom5.7Tonnes: 70USD per tonne: $81,095,85016.7%Air
Hong Kong re-exports5.5Tonnes: 78USD per tonne: $71,001,42516.3%Air
Switzerland4.4Tonnes: 165USD per tonne: $26,761,20813%Air
India3Tonnes: 38USD per tonne: $77,649,8778.7%Air
Singapore re-exports2.9Tonnes: 37USD per tonne: $78,884,2768.6%Air
Indonesia1.5Tonnes: 19USD per tonne: $79,450,4144.5%Air
Azerbaijan1.5Tonnes: 18USD per tonne: $79,964,4844.3%Air
South Korea1.3Tonnes: 17USD per tonne: $75,105,3723.7%Air
United States1.1Tonnes: 18USD per tonne: $62,191,1573.4%Air
Thailand0.69Tonnes: 9USD per tonne: $79,039,4192%Air
United Arab Emirates0.2Tonnes: 3USD per tonne: $59,823,1090.6%Air
Malaysia0.12Tonnes: 2USD per tonne: $52,033,0570.36%Air
Turkey0.09Tonnes: 1USD per tonne: $70,451,2610.26%Air
Italy0.07Tonnes: 1USD per tonne: $77,752,1340.21%Air
Germany0.03Tonnes: 0USD per tonne: $70,911,1890.1%Air
New Zealand0.02Tonnes: 0USD per tonne: $75,574,9880.06%Air
Vietnam0.01Tonnes: 0USD per tonne: $68,629,5210.04%Air
Taiwan0.01Tonnes: 0USD per tonne: $87,357,6620.02%Air
Canada< 0.01Tonnes: 0USD per tonne: $70,123,7210.01%Air

Trend

Who it sells to

China has been its main destination since 2021

Value in USD billions. The five largest destinations in 2024.

  • China 5.9
  • United Kingdom 5.7
  • Hong Kong 5.5
  • Switzerland 4.4
  • India 3

Source: CEPII BACI

Show the numbers
Partner19952024
China05.9
United Kingdom0.085.7
Hong Kong0.285.5
Switzerland0.154.4
India0.013

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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