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Who buys the United Kingdom’s gold? Export destinations 2024

In 2024, the United Kingdom exported $11.7 billion of gold (211 tonnes), 2.1% of the world total. Its main destinations were Switzerland (34%), the United Arab Emirates (25%) and Hong Kong (16%). The United Kingdom was the world’s 13th-largest exporter of gold.

Summary

Value
$11.7billion
Tonnes
211tonnes
Share of world total
2.1%
World rank
13th
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
Switzerland4Tonnes: 54USD per tonne: $73,081,20833.9%Air
United Arab Emirates2.9Tonnes: 42USD per tonne: $68,732,16524.9%Air
Hong Kong re-exports1.8Tonnes: 26USD per tonne: $71,392,47515.7%Air
Turkey0.68Tonnes: 9USD per tonne: $72,789,6395.8%Air
Georgia0.6Tonnes: 8USD per tonne: $77,492,2755.1%Air
Azerbaijan0.54Tonnes: 41USD per tonne: $13,040,7924.6%Air
United States0.32Tonnes: 11USD per tonne: $30,141,0602.8%Air
Italy0.23Tonnes: 7USD per tonne: $34,530,5202%Air
Singapore re-exports0.21Tonnes: 4USD per tonne: $60,234,3221.8%Air
Germany0.15Tonnes: 2USD per tonne: $61,448,1801.2%Air
India0.05Tonnes: 1USD per tonne: $51,676,5200.45%Air
China0.04Tonnes: 1USD per tonne: $71,446,3540.35%Air
Spain0.03Tonnes: 1USD per tonne: $44,692,5850.25%Air
Canada0.03Tonnes: 1USD per tonne: $42,321,3950.23%Air
France0.02Tonnes: 2USD per tonne: $9,332,4670.17%Air
Qatar0.02Tonnes: 0USD per tonne: $79,635,5820.17%Air
Poland0.02Tonnes: 0USD per tonne: $86,478,9670.13%Air
Bulgaria0.01Tonnes: 0USD per tonne: $80,355,3820.1%Air
Czechia0.01Tonnes: 0USD per tonne: $45,809,1780.07%Air
Australia0.01Tonnes: 0USD per tonne: $61,328,6170.06%Air

Trend

Who it sells to

Switzerland has been its main destination since 2024

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

  • Switzerland 4
  • United Arab Emirates 2.9
  • Hong Kong 1.8
  • Turkey 0.68
  • Georgia 0.6

Source: CEPII BACI

Show the numbers
Partner19952024
Switzerland< 0.014
United Arab Emirates02.9
Hong Kong0.21.8
Turkey00.68
Georgia00.6

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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