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Who buys Italy’s gold? Export destinations 2024

In 2024, Italy exported $4.2 billion of gold (78 tonnes), 0.8% of the world total. Switzerland bought 60% of the total, followed by France (12%) and the Dominican Republic (5%). Italy was the world’s 28th-largest exporter of gold.

Summary

Value
$4.2billion
Tonnes
78tonnes
Share of world total
0.8%
World rank
28th
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
Switzerland2.5Tonnes: 37USD per tonne: $66,713,50159.6%Land
France0.52Tonnes: 12USD per tonne: $44,816,76612.4%Land
Dominican Republic0.21Tonnes: 3USD per tonne: $59,004,8134.9%Air
Belgium re-exports0.14Tonnes: 5USD per tonne: $31,142,7603.4%Air
Spain0.1Tonnes: 6USD per tonne: $17,450,1782.5%Air
Israel0.09Tonnes: 1USD per tonne: $69,741,7422.1%Air
Turkey0.08Tonnes: 2USD per tonne: $36,120,4461.9%Air
Jordan0.07Tonnes: 1USD per tonne: $43,587,3061.6%Air
United Kingdom0.06Tonnes: 1USD per tonne: $82,324,6131.5%Air
Morocco0.06Tonnes: 1USD per tonne: $79,984,6991.4%Air
Germany0.05Tonnes: 1USD per tonne: $39,343,2601.2%Air
Croatia0.05Tonnes: 1USD per tonne: $76,074,9271.2%Air
United Arab Emirates0.04Tonnes: 1USD per tonne: $37,020,3820.95%Air
Romania0.03Tonnes: 1USD per tonne: $44,496,1720.83%Air
China0.03Tonnes: 0USD per tonne: $66,102,8910.77%Air
Hong Kong re-exports0.03Tonnes: 1USD per tonne: $56,623,9440.68%Air
Thailand0.02Tonnes: 0USD per tonne: $54,155,4670.51%Air
Hungary0.02Tonnes: 0USD per tonne: $63,198,4750.46%Air
Albania0.02Tonnes: 0USD per tonne: $77,466,0870.36%Air
Singapore re-exports0.01Tonnes: 0USD per tonne: $87,473,8000.28%Air

Trend

Who it sells to

Switzerland has been its main destination since 2002

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

  • Switzerland 2.5
  • France 0.52
  • Dominican Republic 0.21
  • Belgium 0.14
  • Spain 0.1

Source: CEPII BACI

Show the numbers
Partner19952024
Switzerland0.032.5
France0.020.52
Dominican Republic00.21
Belgium< 0.010.14
Spain< 0.010.1

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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