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Where does Malaysia get its gold? Import sources 2024

In 2024, Malaysia imported $4 billion of gold (89 tonnes), 0.7% of the world total. Its main sources were Singapore (41%), the United Arab Emirates (22%) and Switzerland (20%). Malaysia was the world’s 20th-largest importer of gold.

Summary

Value
$4billion
Tonnes
89tonnes
Share of world total
0.7%
World rank
20th
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
Singapore re-exports1.6Tonnes: 24USD per tonne: $68,796,61740.8%Air
United Arab Emirates0.88Tonnes: 11USD per tonne: $77,621,56722.1%Air
Switzerland0.78Tonnes: 10USD per tonne: $78,100,45619.7%Air
Hong Kong re-exports0.29Tonnes: 4USD per tonne: $75,729,6917.2%Air
Australia0.12Tonnes: 2USD per tonne: $52,033,0573.1%Air
Japan0.09Tonnes: 4USD per tonne: $20,856,6322.3%Air
China0.06Tonnes: 1USD per tonne: $73,562,4531.4%Air
Turkey0.05Tonnes: 1USD per tonne: $62,210,6611.3%Air
United States0.03Tonnes: 19USD per tonne: $1,347,7880.66%Air
Germany0.02Tonnes: 11USD per tonne: $2,053,5250.59%Air
Saudi Arabia0.01Tonnes: 0USD per tonne: $75,137,3770.31%Air
Taiwan0.01Tonnes: 0USD per tonne: $23,415,8050.2%Air
Sweden< 0.01Tonnes: 0USD per tonne: $69,899,3330.09%Air
Thailand< 0.01Tonnes: 0USD per tonne: $8,160,8250.08%Land
Italy< 0.01Tonnes: 0USD per tonne: $65,359,5560.07%Sea
India< 0.01Tonnes: 0USD per tonne: $40,812,3140.04%Air
South Africa< 0.01Tonnes: 0USD per tonne: $81,091,2000.03%Air
Indonesia< 0.01Tonnes: 0USD per tonne: $70,068,3570.02%Land
Canada< 0.01Tonnes: 0USD per tonne: $64,348,5000.02%Air
Austria< 0.01Tonnes: 0USD per tonne: $54,418,4550.02%Air

Trend

Who it buys from

Singapore has been its main source since 2019

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

  • Singapore 1.6
  • United Arab Emirates 0.88
  • Switzerland 0.78
  • Hong Kong 0.29
  • Australia 0.12

Source: CEPII BACI

Show the numbers
Partner19952024
Singapore0.31.6
United Arab Emirates< 0.010.88
Switzerland0.480.78
Hong Kong0.070.29
Australia0.40.12

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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