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Who buys the Philippines’ gold? Export destinations 2024

In 2024, the Philippines exported $3.2 billion of gold (88 tonnes), 0.6% of the world total. Its main destinations were Hong Kong (47%), Switzerland (43%) and India (5%). The Philippines was the world’s 33rd-largest exporter of gold.

Summary

Value
$3.2billion
Tonnes
88tonnes
Share of world total
0.6%
World rank
33rd
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 14 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
Hong Kong re-exports1.5Tonnes: 50USD per tonne: $29,585,39846.8%Air
Switzerland1.4Tonnes: 32USD per tonne: $43,030,51642.9%Air
India0.15Tonnes: 3USD per tonne: $53,102,7304.6%Air
Italy0.09Tonnes: 1USD per tonne: $73,796,6523%Air
Australia0.05Tonnes: 1USD per tonne: $66,854,6051.5%Air
Singapore re-exports0.01Tonnes: 1USD per tonne: $15,843,6380.44%Air
United Kingdom0.01Tonnes: 0USD per tonne: $79,185,4720.4%Air
Canada0.01Tonnes: 0USD per tonne: $82,474,9040.32%Air
Japan< 0.01Tonnes: 0USD per tonne: $2,836,8350.03%Air
United States< 0.01Tonnes: 0USD per tonne: $65,444,4440.02%Air
South Korea< 0.01Tonnes: 0USD per tonne: $67,572,0000%Air
Malaysia< 0.01Tonnes: —USD per tonne: —0%Sea
Netherlands re-exports< 0.01Tonnes: 0USD per tonne: $591,0000%Air
Thailand< 0.01Tonnes: 0USD per tonne: $181,5000%Air

Trend

Who it sells to

Hong Kong has been its main destination since 2024

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

  • Hong Kong 1.5
  • Switzerland 1.4
  • India 0.15
  • Italy 0.09
  • Australia 0.05

Source: CEPII BACI

Show the numbers
Partner19952024
Hong Kong01.5
Switzerland01.4
India00.15
Italy0.030.09
Australia00.05

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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