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Who buys Kazakhstan’s gold? Export destinations 2024

In 2024, Kazakhstan exported $8.8 billion of gold (110 tonnes), 1.6% of the world total. The United Kingdom bought 62% of the total, followed by Switzerland (31%) and Russia (2%). Kazakhstan was the world’s 16th-largest exporter of gold.

Summary

Value
$8.8billion
Tonnes
110tonnes
Share of world total
1.6%
World rank
16th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 11 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
United Kingdom5.4Tonnes: 65USD per tonne: $83,195,07261.6%Air
Switzerland2.7Tonnes: 37USD per tonne: $73,264,67130.8%Air
Russia0.18Tonnes: 2USD per tonne: $74,549,0752%Land
Azerbaijan0.17Tonnes: 2USD per tonne: $88,108,6861.9%Air
Kyrgyzstan0.16Tonnes: 2USD per tonne: $91,294,7341.8%Land
Singapore re-exports0.08Tonnes: 1USD per tonne: $67,338,1780.87%Air
China0.07Tonnes: 1USD per tonne: $67,680,3450.83%Land
Italy< 0.01Tonnes: 0USD per tonne: $63,040,1330.04%Air
Canada< 0.01Tonnes: 0USD per tonne: $81,053,3260.04%Air
United Arab Emirates< 0.01Tonnes: 0USD per tonne: $72,276,6110.01%Air
Uzbekistan< 0.01Tonnes: 0USD per tonne: $57,765,0000%Land

Trend

Who it sells to

The United Kingdom has been its main destination since 2020

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

  • United Kingdom 5.4
  • Switzerland 2.7
  • Russia 0.18
  • Azerbaijan 0.17
  • Kyrgyzstan 0.16

Source: CEPII BACI

Show the numbers
Partner19952024
United Kingdom05.4
Switzerland02.7
Russia00.18
Azerbaijan00.17
Kyrgyzstan00.16

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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