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Who buys Japan’s gold? Export destinations 2024

In 2024, Japan exported $18.2 billion of gold (253 tonnes), 3.3% of the world total. Hong Kong bought 55% of the total, followed by Switzerland (11%) and Taiwan (7%). Japan was the world’s 8th-largest exporter of gold.

Summary

Value
$18.2billion
Tonnes
253tonnes
Share of world total
3.3%
World rank
8th
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
Hong Kong re-exports10Tonnes: 119USD per tonne: $83,436,54954.8%Air
Switzerland2.1Tonnes: 27USD per tonne: $77,495,23211.4%Air
Taiwan1.2Tonnes: 15USD per tonne: $78,566,1566.7%Air
China1Tonnes: 11USD per tonne: $93,092,9545.6%Air
United Kingdom0.79Tonnes: 10USD per tonne: $80,338,4254.4%Air
Canada0.77Tonnes: 11USD per tonne: $69,804,4154.2%Air
Singapore re-exports0.6Tonnes: 27USD per tonne: $22,033,4053.3%Air
South Korea0.48Tonnes: 7USD per tonne: $73,750,6232.7%Air
Indonesia0.46Tonnes: 6USD per tonne: $74,411,9762.5%Air
Thailand0.3Tonnes: 9USD per tonne: $33,159,9471.7%Air
India0.27Tonnes: 2USD per tonne: $118,069,3921.5%Air
Malaysia0.09Tonnes: 4USD per tonne: $20,856,6320.51%Air
Turkey0.05Tonnes: 1USD per tonne: $65,732,0190.27%Air
United States0.05Tonnes: 1USD per tonne: $34,341,4530.25%Air
Philippines0.03Tonnes: 1USD per tonne: $21,032,0060.14%Air
Italy0.02Tonnes: 0USD per tonne: $78,458,7140.09%Air
Vietnam0.01Tonnes: 0USD per tonne: $56,978,7650.08%Air
New Zealand< 0.01Tonnes: 0USD per tonne: $88,505,2140.01%Air
Sri Lanka< 0.01Tonnes: 0USD per tonne: $58,858,0000.01%Air
Saudi Arabia< 0.01Tonnes: 0USD per tonne: $75,754,6000.01%Air

Trend

Who it sells to

Hong Kong has been its main destination since 2021

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

  • Hong Kong 10
  • Switzerland 2.1
  • Taiwan 1.2
  • China 1
  • United Kingdom 0.79

Source: CEPII BACI

Show the numbers
Partner19952024
Hong Kong0.0910
Switzerland< 0.012.1
Taiwan0.071.2
China< 0.011
United Kingdom< 0.010.79

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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