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Who buys Colombia’s gold? Export destinations 2024

In 2024, Colombia exported $3.9 billion of gold (64 tonnes), 0.7% of the world total. Its main destinations were the United States (42%), India (17%) and Italy (14%). Colombia was the world’s 30th-largest exporter of gold.

Summary

Value
$3.9billion
Tonnes
64tonnes
Share of world total
0.7%
World rank
30th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 12 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
United States1.6Tonnes: 23USD per tonne: $69,243,23341.9%Air
India0.64Tonnes: 9USD per tonne: $72,959,26816.7%Air
Italy0.53Tonnes: 14USD per tonne: $39,065,18613.8%Air
United Arab Emirates0.43Tonnes: 6USD per tonne: $69,047,12111.2%Air
Hong Kong re-exports0.36Tonnes: 8USD per tonne: $44,770,6919.3%Air
Switzerland0.27Tonnes: 4USD per tonne: $66,868,9727%Air
France< 0.01Tonnes: 0USD per tonne: $68,815,8060.06%Air
Turkey< 0.01Tonnes: 0USD per tonne: $69,440,5810.06%Air
Panama< 0.01Tonnes: 0USD per tonne: $72,000,0000.02%Land
Spain< 0.01Tonnes: 0USD per tonne: $72,146,0910.02%Air
Thailand< 0.01Tonnes: 0USD per tonne: $83,232,5710.02%Air
Chile< 0.01Tonnes: —USD per tonne: —0%Sea

Trend

Who it sells to

The United States was its main destination throughout the period

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

  • United States 1.6
  • India 0.64
  • Italy 0.53
  • United Arab Emirates 0.43
  • Hong Kong 0.36

Source: CEPII BACI

Show the numbers
Partner19952024
United States0.161.6
India00.64
Italy< 0.010.53
United Arab Emirates00.43
Hong Kong00.36

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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