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Who buys Thailand’s gold? Export destinations 2024

In 2024, Thailand exported $8.3 billion of gold (110 tonnes), 1.5% of the world total. Its main destinations were Cambodia (37%), Singapore (27%) and Switzerland (26%). Thailand was the world’s 17th-largest exporter of gold.

Summary

Value
$8.3billion
Tonnes
110tonnes
Share of world total
1.5%
World rank
17th
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
Cambodia3Tonnes: 40USD per tonne: $75,710,68936.6%Land
Singapore re-exports2.2Tonnes: 27USD per tonne: $83,757,61026.7%Air
Switzerland2.2Tonnes: 28USD per tonne: $78,756,65226.5%Air
Hong Kong re-exports0.51Tonnes: 8USD per tonne: $65,440,3176.2%Air
Laos0.17Tonnes: 2USD per tonne: $76,028,5052.1%Land
Japan0.03Tonnes: 2USD per tonne: $16,488,6090.4%Air
Indonesia0.03Tonnes: 0USD per tonne: $74,762,1090.36%Air
Germany0.02Tonnes: 0USD per tonne: $54,497,7150.23%Air
Taiwan0.02Tonnes: 0USD per tonne: $54,638,5880.19%Air
China0.01Tonnes: 0USD per tonne: $53,134,1490.12%Air
Vietnam0.01Tonnes: 0USD per tonne: $57,043,5640.11%Air
Australia0.01Tonnes: 0USD per tonne: $66,037,0720.1%Air
United Arab Emirates0.01Tonnes: 0USD per tonne: $82,570,4890.09%Air
India0.01Tonnes: 1USD per tonne: $9,671,6380.06%Air
Italy< 0.01Tonnes: 0USD per tonne: $67,699,0450.05%Air
Turkey< 0.01Tonnes: 0USD per tonne: $82,380,5600.05%Air
Malaysia< 0.01Tonnes: 0USD per tonne: $8,160,8250.04%Land
United States< 0.01Tonnes: 0USD per tonne: $219,985,9230.03%Air
Sri Lanka< 0.01Tonnes: 0USD per tonne: $76,788,2060.03%Air
United Kingdom< 0.01Tonnes: 0USD per tonne: $93,946,6880.02%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 3
  • Singapore 2.2
  • Switzerland 2.2
  • Hong Kong 0.51
  • Laos 0.17

Source: CEPII BACI

Show the numbers
Partner19952024
Cambodia< 0.013
Singapore< 0.012.2
Switzerland02.2
Hong Kong< 0.010.51
Laos< 0.010.17

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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