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Who buys Mexico’s gold? Export destinations 2024

In 2024, Mexico exported $7.4 billion of gold (164 tonnes), 1.3% of the world total. Its main destinations were the United States (35%), Switzerland (28%) and the United Kingdom (23%). Mexico was the world’s 19th-largest exporter of gold.

Summary

Value
$7.4billion
Tonnes
164tonnes
Share of world total
1.3%
World rank
19th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 18 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
United States2.6Tonnes: 71USD per tonne: $36,810,56635.3%Land
Switzerland2Tonnes: 52USD per tonne: $39,145,31927.6%Air
United Kingdom1.7Tonnes: 23USD per tonne: $75,520,32723.4%Air
Canada0.24Tonnes: 5USD per tonne: $44,539,4663.3%Air
Italy0.2Tonnes: 5USD per tonne: $44,497,2312.7%Air
India0.18Tonnes: 3USD per tonne: $57,322,3822.4%Air
Azerbaijan0.17Tonnes: 2USD per tonne: $85,100,1142.3%Air
China0.14Tonnes: 2USD per tonne: $70,001,0221.9%Air
Thailand0.03Tonnes: 1USD per tonne: $65,535,7460.47%Air
Turkey0.03Tonnes: 0USD per tonne: $70,052,5460.45%Air
Singapore re-exports< 0.01Tonnes: 0USD per tonne: $78,815,9050.07%Air
Bulgaria< 0.01Tonnes: 0USD per tonne: $82,391,6000.03%Air
Guatemala< 0.01Tonnes: 0USD per tonne: $608,9520%Land
Indonesia< 0.01Tonnes: 0USD per tonne: $420,6670%Air
France< 0.01Tonnes: 0USD per tonne: $2,242,0000%Air
Australia< 0.01Tonnes: —USD per tonne: —0%Sea
Czechia< 0.01Tonnes: —USD per tonne: —0%Sea
South Korea< 0.01Tonnes: —USD per tonne: —0%Sea

Trend

Who it sells to

The United States was its main destination throughout the period

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

  • United States 2.6
  • Switzerland 2
  • United Kingdom 1.7
  • Canada 0.24
  • Italy 0.2

Source: CEPII BACI

Show the numbers
Partner19952024
United States0.122.6
Switzerland0.032
United Kingdom01.7
Canada00.24
Italy00.2

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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