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Who buys Switzerland’s gold? Export destinations 2024

In 2024, Switzerland exported $106.2 billion of gold (2 thousand tonnes), 19.2% of the world total. Its main destinations were China (27%), India (18%) and Turkey (8%). Switzerland was the world’s largest exporter of gold.

Summary

Value
$106.2billion
Tonnes
2thousand tonnes
Share of world total
19.2%
World rank
1st
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
China29Tonnes: 365USD per tonne: $79,378,63427.3%Air
India19.4Tonnes: 262USD per tonne: $73,899,44718.2%Air
Turkey8.5Tonnes: 105USD per tonne: $80,512,8188%Air
United Arab Emirates7Tonnes: 93USD per tonne: $75,555,7406.6%Air
Hong Kong re-exports6.2Tonnes: 90USD per tonne: $68,747,5405.8%Air
Thailand4.9Tonnes: 62USD per tonne: $80,013,9284.7%Air
Saudi Arabia4.9Tonnes: 64USD per tonne: $76,324,3874.6%Air
United States4.7Tonnes: 120USD per tonne: $38,790,0114.4%Air
Singapore re-exports3.6Tonnes: 67USD per tonne: $53,388,3693.4%Air
Italy3.1Tonnes: 50USD per tonne: $61,433,7802.9%Land
Germany3Tonnes: 40USD per tonne: $75,228,5912.8%Land
United Kingdom2.6Tonnes: 143USD per tonne: $17,922,6952.4%Air
France2.1Tonnes: 46USD per tonne: $45,104,7591.9%Land
Lebanon1.4Tonnes: 17USD per tonne: $81,515,1461.3%Air
Austria1.1Tonnes: 14USD per tonne: $78,883,7921%Land
Taiwan0.83Tonnes: 11USD per tonne: $79,088,1610.78%Air
Malaysia0.78Tonnes: 10USD per tonne: $78,100,4560.74%Air
Tajikistan0.35Tonnes: 5USD per tonne: $77,729,1230.33%Air
Canada0.34Tonnes: 5USD per tonne: $64,057,6630.32%Air
Kuwait0.31Tonnes: 4USD per tonne: $77,177,2320.3%Air

Trend

Who it sells to

China has been its main destination since 2022

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

  • China 29
  • India 19.4
  • Turkey 8.5
  • United Arab Emirates 7
  • Hong Kong 6.2

Source: CEPII BACI

Show the numbers
Partner19952024
China029
India0.4119.4
Turkey08.5
United Arab Emirates07
Hong Kong0.576.2

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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