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Who buys Spain’s gold? Export destinations 2024

In 2024, Spain exported $4.1 billion of gold (62 tonnes), 0.8% of the world total. Its main destinations were the United Kingdom (37%), Italy (28%) and France (20%). Spain was the world’s 29th-largest exporter of gold.

Summary

Value
$4.1billion
Tonnes
62tonnes
Share of world total
0.8%
World rank
29th
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
United Kingdom1.5Tonnes: 21USD per tonne: $71,984,87737%Air
Italy1.1Tonnes: 20USD per tonne: $57,809,50827.8%Air
France0.83Tonnes: 13USD per tonne: $66,082,74520.1%Land
Switzerland0.36Tonnes: 5USD per tonne: $71,053,5338.7%Air
Singapore re-exports0.07Tonnes: 1USD per tonne: $73,323,4621.8%Air
United Arab Emirates0.05Tonnes: 1USD per tonne: $73,681,5771.3%Air
Georgia0.05Tonnes: 1USD per tonne: $87,544,5461.3%Air
China0.02Tonnes: 0USD per tonne: $65,116,2200.52%Air
Canada0.02Tonnes: 0USD per tonne: $81,356,6340.38%Air
Andorra0.01Tonnes: 0USD per tonne: $71,266,6690.26%Land
India0.01Tonnes: 0USD per tonne: $63,685,2910.21%Air
Turkey0.01Tonnes: 0USD per tonne: $56,606,7690.2%Air
Portugal0.01Tonnes: 0USD per tonne: $68,365,5000.13%Land
Netherlands re-exports< 0.01Tonnes: 0USD per tonne: $43,187,7260.08%Air
Bulgaria< 0.01Tonnes: 0USD per tonne: $80,456,3230.06%Air
Germany< 0.01Tonnes: 0USD per tonne: $29,471,5000.04%Air
Hong Kong re-exports< 0.01Tonnes: 0USD per tonne: $72,801,2500.02%Air
Greece< 0.01Tonnes: 0USD per tonne: $26,443,9310.02%Air
Austria< 0.01Tonnes: 0USD per tonne: $67,519,6670.01%Air
Belgium re-exports< 0.01Tonnes: 0USD per tonne: $13,367,4240.01%Air

Trend

Who it sells to

The United Kingdom has been its main destination since 2015

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

  • United Kingdom 1.5
  • Italy 1.1
  • France 0.83
  • Switzerland 0.36
  • Singapore 0.07

Source: CEPII BACI

Show the numbers
Partner19952024
United Kingdom0.061.5
Italy0.011.1
France< 0.010.83
Switzerland< 0.010.36
Singapore00.07

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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