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Who buys Belgium’s gold? Export destinations 2024

In 2024, Belgium exported $1.5 billion of gold (35 tonnes), 0.3% of the world total. Its main destinations were Germany (46%), Switzerland (19%) and Italy (14%). Belgium was the world’s 42nd-largest exporter of gold.

Summary

Value
$1.5billion
Tonnes
35tonnes
Share of world total
0.3%
World rank
42nd
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD millions)TonnesUSD per tonneShareMode
Germany674Tonnes: 24USD per tonne: $28,010,36545.9%Land
Switzerland286Tonnes: 4USD per tonne: $70,010,82619.5%Air
Italy208Tonnes: 3USD per tonne: $77,827,29614.2%Air
United States86.3Tonnes: 1USD per tonne: $78,087,5265.9%Air
Netherlands re-exports79Tonnes: 1USD per tonne: $60,729,3145.4%Land
United Kingdom61.3Tonnes: 1USD per tonne: $77,127,4944.2%Air
United Arab Emirates19.6Tonnes: 0USD per tonne: $66,665,4901.3%Air
Uzbekistan17.5Tonnes: 0USD per tonne: $87,387,1401.2%Air
China13.7Tonnes: 0USD per tonne: $73,091,1230.93%Air
Qatar6.2Tonnes: 0USD per tonne: $67,168,0750.43%Air
Poland4Tonnes: 0USD per tonne: $70,648,8390.27%Air
Luxembourg3.8Tonnes: 0USD per tonne: $33,030,6140.26%Land
Hong Kong re-exports2Tonnes: 0USD per tonne: $19,205,0680.13%Air
Lebanon1.6Tonnes: 0USD per tonne: $50,018,1940.11%Air
New Zealand1.2Tonnes: 0USD per tonne: $78,400,8000.08%Air
Singapore re-exports0.96Tonnes: 0USD per tonne: $68,865,7140.07%Air
Turkey0.64Tonnes: 0USD per tonne: $45,902,0000.04%Air
France0.59Tonnes: 0USD per tonne: $6,296,7740.04%Land
Bulgaria0.48Tonnes: 0USD per tonne: $59,378,1250.03%Air
Cyprus0.44Tonnes: 0USD per tonne: $62,972,5710.03%Air

Trend

Who it sells to

Germany has been its main destination since 2020

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

  • Germany 0.67
  • Switzerland 0.29
  • Italy 0.21
  • United States 0.09
  • Netherlands 0.08

Source: CEPII BACI

Show the numbers
Partner19952024
Germany0.030.67
Switzerland0.020.29
Italy< 0.010.21
United States< 0.010.09
Netherlands< 0.010.08

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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