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Who buys Germany’s gold? Export destinations 2024

In 2024, Germany exported $15.8 billion of gold (266 tonnes), 2.9% of the world total. Its main destinations were Switzerland (35%), the United Kingdom (34%) and China (17%). Germany was the world’s 9th-largest exporter of gold.

Summary

Value
$15.8billion
Tonnes
266tonnes
Share of world total
2.9%
World rank
9th
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
Switzerland5.6Tonnes: 88USD per tonne: $62,847,40935.3%Land
United Kingdom5.3Tonnes: 78USD per tonne: $68,033,63333.6%Air
China2.7Tonnes: 36USD per tonne: $74,410,16617%Air
Austria0.49Tonnes: 6USD per tonne: $78,027,3383.1%Land
France0.39Tonnes: 9USD per tonne: $43,412,6702.5%Land
Netherlands re-exports0.28Tonnes: 4USD per tonne: $74,938,5691.8%Land
Italy0.23Tonnes: 8USD per tonne: $26,810,6291.4%Air
Poland0.11Tonnes: 3USD per tonne: $39,625,9940.71%Land
Croatia0.1Tonnes: 1USD per tonne: $69,922,6620.64%Air
Singapore re-exports0.08Tonnes: 1USD per tonne: $99,880,2540.49%Air
United Arab Emirates0.07Tonnes: 1USD per tonne: $62,990,4890.43%Air
Thailand0.06Tonnes: 1USD per tonne: $68,800,5130.41%Air
Belgium re-exports0.06Tonnes: 1USD per tonne: $42,255,5080.38%Land
United States0.05Tonnes: 1USD per tonne: $38,678,7030.29%Air
Serbia0.04Tonnes: 1USD per tonne: $59,425,1450.23%Air
Hungary0.03Tonnes: 1USD per tonne: $45,018,1490.2%Air
Spain0.03Tonnes: 0USD per tonne: $81,177,2980.19%Air
Malaysia0.02Tonnes: 11USD per tonne: $2,053,5250.15%Air
Czechia0.02Tonnes: 0USD per tonne: $46,681,3760.14%Land
Bulgaria0.02Tonnes: 0USD per tonne: $60,779,0060.12%Air

Trend

Who it sells to

Switzerland has been its main destination since 2024

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

  • Switzerland 5.6
  • United Kingdom 5.3
  • China 2.7
  • Austria 0.49
  • France 0.39

Source: CEPII BACI

Show the numbers
Partner19952024
Switzerland0.215.6
United Kingdom0.045.3
China0.012.7
Austria0.050.49
France0.010.39

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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