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Where does the United Kingdom get its gold? Import sources 2024

In 2024, the United Kingdom imported $49.1 billion of gold (1 thousand tonnes), 8.9% of the world total. Its main sources were South Africa (13%), Australia (12%) and Kazakhstan (11%). The United Kingdom was the world’s 5th-largest importer of gold.

Summary

Value
$49.1billion
Tonnes
1thousand tonnes
Share of world total
8.9%
World rank
5th
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
South Africa6.4Tonnes: 83USD per tonne: $77,568,73613.1%Air
Australia5.7Tonnes: 70USD per tonne: $81,095,85011.6%Air
Kazakhstan5.4Tonnes: 65USD per tonne: $83,195,07211%Air
Germany5.3Tonnes: 78USD per tonne: $68,033,63310.8%Air
Hong Kong re-exports4.3Tonnes: 54USD per tonne: $79,855,3718.8%Air
Uzbekistan3.4Tonnes: 43USD per tonne: $80,062,8417%Air
Canada2.9Tonnes: 205USD per tonne: $14,155,4925.9%Air
Switzerland2.6Tonnes: 143USD per tonne: $17,922,6955.2%Air
Kyrgyzstan2.4Tonnes: 30USD per tonne: $80,381,0094.9%Air
Turkey2.3Tonnes: 24USD per tonne: $94,666,3814.7%Air
Mexico1.7Tonnes: 23USD per tonne: $75,520,3273.5%Air
Spain1.5Tonnes: 21USD per tonne: $71,984,8773.1%Air
Sweden1Tonnes: 14USD per tonne: $72,934,5542.1%Air
Japan0.79Tonnes: 10USD per tonne: $80,338,4251.6%Air
Singapore re-exports0.78Tonnes: 10USD per tonne: $81,293,6281.6%Air
Brazil0.67Tonnes: 8USD per tonne: $82,409,4561.4%Air
United States0.53Tonnes: 142USD per tonne: $3,727,4671.1%Air
Austria0.5Tonnes: 7USD per tonne: $69,889,2211%Air
Argentina0.24Tonnes: 3USD per tonne: $75,874,8090.48%Air
Peru0.18Tonnes: 3USD per tonne: $64,384,5820.36%Air

Trend

Who it buys from

South Africa has been its main source since 2024

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

  • South Africa 6.4
  • Australia 5.7
  • Kazakhstan 5.4
  • Germany 5.3
  • Hong Kong 4.3

Source: CEPII BACI

Show the numbers
Partner19952024
South Africa0.036.4
Australia0.085.7
Kazakhstan05.4
Germany0.045.3
Hong Kong< 0.014.3

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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