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Who buys Singapore’s gold? Export destinations 2024

In 2024, Singapore exported $10.4 billion of gold (224 tonnes), 1.9% of the world total. Its main destinations were Cambodia (22%), Malaysia (16%) and China (12%). Singapore was the world’s 14th-largest exporter of gold.

Summary

Value
$10.4billion
Tonnes
224tonnes
Share of world total
1.9%
World rank
14th
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
Cambodia2.3Tonnes: 32USD per tonne: $71,743,07222.2%Air
Malaysia1.6Tonnes: 24USD per tonne: $68,796,61715.5%Air
China1.3Tonnes: 25USD per tonne: $50,856,02712.2%Air
Thailand1Tonnes: 14USD per tonne: $74,432,8469.6%Air
Switzerland1Tonnes: 13USD per tonne: $77,822,4509.6%Air
Hong Kong re-exports0.95Tonnes: 13USD per tonne: $72,931,5099.1%Air
United Kingdom0.78Tonnes: 10USD per tonne: $81,293,6287.5%Air
Indonesia0.54Tonnes: 8USD per tonne: $63,941,6165.2%Air
India0.25Tonnes: 4USD per tonne: $65,208,9392.4%Air
Bangladesh0.09Tonnes: 1USD per tonne: $77,702,6080.9%Air
Taiwan0.09Tonnes: 1USD per tonne: $65,078,7970.88%Air
Japan0.09Tonnes: 1USD per tonne: $73,071,7990.86%Air
Bhutan0.08Tonnes: 1USD per tonne: $74,647,9170.8%Air
United Arab Emirates0.07Tonnes: 1USD per tonne: $65,369,7550.69%Air
Italy0.06Tonnes: 1USD per tonne: $72,350,6370.56%Air
Philippines0.05Tonnes: 4USD per tonne: $12,045,7040.51%Air
South Korea0.03Tonnes: 0USD per tonne: $64,494,7830.25%Air
United States0.02Tonnes: 2USD per tonne: $10,773,1070.19%Air
Qatar0.02Tonnes: 0USD per tonne: $69,464,8110.18%Air
Germany0.02Tonnes: 0USD per tonne: $56,928,7460.15%Air

Trend

Who it sells to

Cambodia has been its main destination since 2024

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

  • Cambodia 2.3
  • Malaysia 1.6
  • China 1.3
  • Thailand 1
  • Switzerland 1

Source: CEPII BACI

Show the numbers
Partner19952024
Cambodia02.3
Malaysia0.31.6
China< 0.011.3
Thailand0.031
Switzerland< 0.011

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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