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Who buys Hong Kong’s gold? Export destinations 2024

In 2024, Hong Kong exported $35.7 billion of gold (491 tonnes), 6.4% of the world total. Its main destinations were China (39%), Thailand (15%) and the United Kingdom (12%). Hong Kong was the world’s 3rd-largest exporter of gold.

Summary

Value
$35.7billion
Tonnes
491tonnes
Share of world total
6.4%
World rank
3rd
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
China14Tonnes: 181USD per tonne: $77,083,70839.2%Land
Thailand5.3Tonnes: 95USD per tonne: $55,325,69714.8%Air
United Kingdom4.3Tonnes: 54USD per tonne: $79,855,37112.1%Air
Switzerland3.7Tonnes: 50USD per tonne: $73,880,56210.3%Air
Singapore re-exports2Tonnes: 28USD per tonne: $71,967,8595.6%Air
United Arab Emirates1.8Tonnes: 23USD per tonne: $78,897,5675%Air
Indonesia1.3Tonnes: 16USD per tonne: $79,577,8673.7%Air
Vietnam1.2Tonnes: 16USD per tonne: $77,427,1643.4%Air
India0.51Tonnes: 6USD per tonne: $82,610,6171.4%Air
Oman0.35Tonnes: 4USD per tonne: $77,147,8810.97%Air
South Korea0.33Tonnes: 4USD per tonne: $77,983,8180.92%Air
Malaysia0.29Tonnes: 4USD per tonne: $75,729,6910.8%Air
Taiwan0.19Tonnes: 3USD per tonne: $71,755,8340.54%Air
Qatar0.11Tonnes: 2USD per tonne: $73,096,3440.32%Air
Italy0.11Tonnes: 2USD per tonne: $72,001,5850.31%Air
United States0.09Tonnes: 1USD per tonne: $79,405,8560.25%Air
Turkey0.06Tonnes: 1USD per tonne: $67,024,8690.18%Air
Macao0.05Tonnes: 1USD per tonne: $67,589,8210.14%Air
Saudi Arabia0.02Tonnes: 0USD per tonne: $80,000,9520.05%Air
Japan0.01Tonnes: 0USD per tonne: $50,572,6090.04%Air

Trend

Who it sells to

China has been its main destination since 2021

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

  • China 14
  • Thailand 5.3
  • United Kingdom 4.3
  • Switzerland 3.7
  • Singapore 2

Source: CEPII BACI

Show the numbers
Partner19952024
China0.0114
Thailand< 0.015.3
United Kingdom< 0.014.3
Switzerland< 0.013.7
Singapore0.032

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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