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Who buys South Korea’s gold? Export destinations 2024

In 2024, South Korea exported $1.6 billion of gold (29 tonnes), 0.3% of the world total. Hong Kong bought 58% of the total, followed by Singapore (12%) and Taiwan (6%). South Korea was the world’s 39th-largest exporter of gold.

Summary

Value
$1.6billion
Tonnes
29tonnes
Share of world total
0.3%
World rank
39th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD millions)TonnesUSD per tonneShareMode
Hong Kong re-exports947Tonnes: 11USD per tonne: $82,580,07857.6%Air
Singapore re-exports190Tonnes: 3USD per tonne: $75,432,00911.5%Air
Taiwan100Tonnes: 1USD per tonne: $75,261,2246.1%Air
Indonesia74.1Tonnes: 1USD per tonne: $91,292,7514.5%Air
Vietnam68.1Tonnes: 6USD per tonne: $11,345,8334.1%Air
Philippines60.7Tonnes: 3USD per tonne: $18,847,5913.7%Air
China60.6Tonnes: 1USD per tonne: $58,447,1713.7%Air
Japan39.6Tonnes: 1USD per tonne: $71,979,8582.4%Air
India37.4Tonnes: 1USD per tonne: $74,702,2242.3%Air
Switzerland31.2Tonnes: 1USD per tonne: $50,826,0671.9%Air
Thailand28Tonnes: 0USD per tonne: $72,559,2671.7%Air
Brazil3.1Tonnes: 0USD per tonne: $18,134,2310.19%Air
France1.5Tonnes: 0USD per tonne: $9,733,1350.09%Air
Malta0.37Tonnes: 0USD per tonne: $13,790,9630.02%Air
Turkey0.35Tonnes: 0USD per tonne: $69,186,4000.02%Air
South Africa0.31Tonnes: 0USD per tonne: $20,801,6670.02%Air
Cambodia0.3Tonnes: 0USD per tonne: $299,994,0000.02%Air
Mexico0.23Tonnes: 0USD per tonne: $1,362,4940.01%Air
Malaysia0.18Tonnes: 0USD per tonne: $18,331,2220.01%Air
Myanmar0.15Tonnes: 0USD per tonne: $49,622,0000.01%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 0.95
  • Singapore 0.19
  • Taiwan 0.1
  • Indonesia 0.07
  • Vietnam 0.07

Source: CEPII BACI

Show the numbers
Partner19952024
Hong Kong0.690.95
Singapore0.860.19
Taiwan0.230.1
Indonesia00.07
Vietnam< 0.010.07

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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