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Where does Switzerland get its gold? Import sources 2024

In 2024, Switzerland imported $108.7 billion of gold (2 thousand tonnes), 19.6% of the world total. Its main sources were the United States (11%), the United Arab Emirates (11%) and Burkina Faso (6%). Switzerland was the world’s largest importer of gold.

Summary

Value
$108.7billion
Tonnes
2thousand tonnes
Share of world total
19.6%
World rank
1st
Routes from the main sources. Width: value; color: estimated transport mode.SeaAirLand

Sources

The 20 main sources in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
United States12.4Tonnes: 184USD per tonne: $67,523,32911.4%Air
United Arab Emirates12.4Tonnes: 156USD per tonne: $79,438,59711.4%Air
Burkina Faso6.3Tonnes: 91USD per tonne: $69,180,1835.8%Air
Uzbekistan6.1Tonnes: 87USD per tonne: $70,730,6935.6%Air
Germany5.6Tonnes: 88USD per tonne: $62,847,4095.1%Land
Côte d'Ivoire5.4Tonnes: 100USD per tonne: $54,244,5365%Air
Australia4.4Tonnes: 165USD per tonne: $26,761,2084.1%Air
Ghana4.2Tonnes: 62USD per tonne: $67,012,3783.8%Air
United Kingdom4Tonnes: 54USD per tonne: $73,081,2083.7%Air
Hong Kong re-exports3.7Tonnes: 50USD per tonne: $73,880,5623.4%Air
Canada3.6Tonnes: 108USD per tonne: $33,574,4883.4%Air
Peru2.8Tonnes: 169USD per tonne: $16,482,6922.6%Air
South Africa2.8Tonnes: 37USD per tonne: $74,518,9632.6%Air
Kazakhstan2.7Tonnes: 37USD per tonne: $73,264,6712.5%Air
Italy2.5Tonnes: 37USD per tonne: $66,713,5012.3%Land
Thailand2.2Tonnes: 28USD per tonne: $78,756,6522%Air
Japan2.1Tonnes: 27USD per tonne: $77,495,2321.9%Air
Mexico2Tonnes: 52USD per tonne: $39,145,3191.9%Air
Kyrgyzstan1.7Tonnes: 23USD per tonne: $75,690,9471.6%Air
Argentina1.6Tonnes: 160USD per tonne: $10,212,9361.5%Air

Trend

Who it buys from

The United States has been its main source since 2021

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

  • United States 12.4
  • United Arab Emirates 12.4
  • Burkina Faso 6.3
  • Uzbekistan 6.1
  • Germany 5.6

Source: CEPII BACI

Show the numbers
Partner19952024
United States1.812.4
United Arab Emirates012.4
Burkina Faso06.3
Uzbekistan06.1
Germany0.215.6

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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