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Who buys China’s gold? Export destinations 2024

In 2024, China exported $13.3 billion of gold (176 tonnes), 2.4% of the world total. Hong Kong bought 81% of the total, followed by Thailand (5%) and India (4%). China was the world’s 10th-largest exporter of gold.

Summary

Value
$13.3billion
Tonnes
176tonnes
Share of world total
2.4%
World rank
10th
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
Hong Kong re-exports10.8Tonnes: 137USD per tonne: $79,213,78481.3%Land
Thailand0.64Tonnes: 8USD per tonne: $81,521,9234.8%Air
India0.55Tonnes: 7USD per tonne: $81,344,8174.1%Land
Iran0.49Tonnes: 6USD per tonne: $83,727,8173.7%Air
Switzerland0.19Tonnes: 6USD per tonne: $34,012,6181.4%Air
United Arab Emirates0.13Tonnes: 2USD per tonne: $77,979,8670.99%Air
Taiwan0.11Tonnes: 1USD per tonne: $77,793,8410.8%Air
Singapore re-exports0.09Tonnes: 3USD per tonne: $27,899,4620.69%Air
Malaysia0.06Tonnes: 1USD per tonne: $73,562,4530.43%Air
Saudi Arabia0.05Tonnes: 1USD per tonne: $85,587,0770.41%Air
Australia0.05Tonnes: 1USD per tonne: $66,057,1740.39%Air
South Korea0.04Tonnes: 2USD per tonne: $17,231,8770.28%Air
Indonesia0.04Tonnes: 0USD per tonne: $795,7650.27%Sea
Vietnam0.02Tonnes: 0USD per tonne: $70,056,8140.12%Land
Italy0.01Tonnes: 1USD per tonne: $6,697,7430.06%Air
Japan0.01Tonnes: 0USD per tonne: $72,265,0520.05%Air
Philippines0.01Tonnes: 1USD per tonne: $8,259,9940.05%Air
United Kingdom0.01Tonnes: 0USD per tonne: $24,042,1190.05%Air
Turkey< 0.01Tonnes: 0USD per tonne: $93,634,7500.01%Air
Macao< 0.01Tonnes: 0USD per tonne: $92,550,5000.01%Air

Trend

Who it sells to

Hong Kong was its main destination throughout the period

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

  • Hong Kong 10.8
  • Thailand 0.64
  • India 0.55
  • Iran 0.49
  • Switzerland 0.19

Source: CEPII BACI

Show the numbers
Partner19952024
Hong Kong< 0.0110.8
Thailand00.64
India< 0.010.55
Iran00.49
Switzerland00.19

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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