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Who buys Canada’s gold? Export destinations 2024

In 2024, Canada exported $21 billion of gold (498 tonnes), 3.8% of the world total. Its main destinations were China (29%), the United States (24%) and Switzerland (17%). Canada was the world’s 7th-largest exporter of gold.

Summary

Value
$21billion
Tonnes
498tonnes
Share of world total
3.8%
World rank
7th
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
China6.1Tonnes: 67USD per tonne: $90,336,70729%Air
United States4.9Tonnes: 71USD per tonne: $69,868,34823.6%Land
Switzerland3.6Tonnes: 108USD per tonne: $33,574,48817.4%Air
United Kingdom2.9Tonnes: 205USD per tonne: $14,155,49213.8%Air
Hong Kong re-exports1.5Tonnes: 21USD per tonne: $72,357,3297.3%Air
Singapore re-exports0.75Tonnes: 8USD per tonne: $90,256,4083.6%Air
Australia0.41Tonnes: 7USD per tonne: $58,379,9372%Air
Italy0.34Tonnes: 4USD per tonne: $77,261,7531.6%Air
Azerbaijan0.15Tonnes: 2USD per tonne: $74,431,0710.72%Air
Indonesia0.06Tonnes: 1USD per tonne: $95,118,0520.29%Air
South Korea0.04Tonnes: 1USD per tonne: $80,297,9920.19%Air
Mexico0.02Tonnes: 0USD per tonne: $73,378,0620.1%Air
India0.02Tonnes: 0USD per tonne: $76,399,4560.09%Air
Germany0.02Tonnes: 0USD per tonne: $41,352,7050.09%Air
Turkey0.02Tonnes: 0USD per tonne: $74,339,9210.08%Air
United Arab Emirates0.01Tonnes: 0USD per tonne: $48,228,6170.06%Air
Thailand0.01Tonnes: 0USD per tonne: $77,354,7030.06%Air
Saudi Arabia0.01Tonnes: 0USD per tonne: $33,346,9690.03%Air
Taiwan< 0.01Tonnes: 0USD per tonne: $68,568,5220.02%Air
Kuwait< 0.01Tonnes: 0USD per tonne: $65,946,5000.02%Air

Trend

Who it sells to

China has been its main destination since 2024

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

  • China 6.1
  • United States 4.9
  • Switzerland 3.6
  • United Kingdom 2.9
  • Hong Kong 1.5

Source: CEPII BACI

Show the numbers
Partner19952024
China06.1
United States1.34.9
Switzerland0.163.6
United Kingdom0.032.9
Hong Kong0.221.5

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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