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Where does Italy get its gold? Import sources 2024

In 2024, Italy imported $10.1 billion of gold (207 tonnes), 1.8% of the world total. Its main sources were Switzerland (31%), Spain (11%) and France (9%). Italy was the world’s 11th-largest importer of gold.

Summary

Value
$10.1billion
Tonnes
207tonnes
Share of world total
1.8%
World rank
11th
Routes from the main sources. Width: value; color: estimated transport mode.SeaAirLand

Sources

The 20 main sources in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
Switzerland3.1Tonnes: 50USD per tonne: $61,433,78030.7%Land
Spain1.1Tonnes: 20USD per tonne: $57,809,50811.4%Air
France0.94Tonnes: 19USD per tonne: $48,688,7949.3%Land
South Africa0.74Tonnes: 10USD per tonne: $73,563,1887.4%Air
United Arab Emirates0.64Tonnes: 9USD per tonne: $72,959,8416.3%Air
Colombia0.53Tonnes: 14USD per tonne: $39,065,1865.3%Air
United States0.37Tonnes: 34USD per tonne: $10,834,8203.7%Air
Canada0.34Tonnes: 4USD per tonne: $77,261,7533.4%Air
United Kingdom0.23Tonnes: 7USD per tonne: $34,530,5202.3%Air
Germany0.23Tonnes: 8USD per tonne: $26,810,6292.2%Air
Belgium re-exports0.21Tonnes: 3USD per tonne: $77,827,2962.1%Air
Mexico0.2Tonnes: 5USD per tonne: $44,497,2312%Air
Portugal0.15Tonnes: 2USD per tonne: $69,056,9151.5%Air
Romania0.14Tonnes: 3USD per tonne: $54,959,5841.4%Air
Hong Kong re-exports0.11Tonnes: 2USD per tonne: $72,001,5851.1%Air
Guinea0.1Tonnes: 1USD per tonne: $67,795,0020.96%Air
Philippines0.09Tonnes: 1USD per tonne: $73,796,6520.94%Air
Ecuador0.09Tonnes: 1USD per tonne: $62,656,7420.87%Air
Turkey0.09Tonnes: 1USD per tonne: $78,402,5040.86%Air
Australia0.07Tonnes: 1USD per tonne: $77,752,1340.71%Air

Trend

Who it buys from

Switzerland has been its main source since 2021

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

  • Switzerland 3.1
  • Spain 1.1
  • France 0.94
  • South Africa 0.74
  • United Arab Emirates 0.64

Source: CEPII BACI

Show the numbers
Partner19952024
Switzerland1.63.1
Spain0.011.1
France0.020.94
South Africa0.10.74
United Arab Emirates0.010.64

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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