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Who buys the United States’ gold? Export destinations 2024

In 2024, the United States exported $22.3 billion of gold (545 tonnes), 4% of the world total. Switzerland bought 56% of the total, followed by Singapore (8%) and India (7%). The United States was the world’s 6th-largest exporter of gold.

Summary

Value
$22.3billion
Tonnes
545tonnes
Share of world total
4%
World rank
6th
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
Switzerland12.4Tonnes: 184USD per tonne: $67,523,32955.7%Air
Singapore re-exports1.9Tonnes: 28USD per tonne: $65,766,6958.4%Air
India1.5Tonnes: 23USD per tonne: $65,967,5346.9%Air
Australia1.2Tonnes: 18USD per tonne: $66,865,3315.3%Air
Azerbaijan1.1Tonnes: 13USD per tonne: $81,864,8104.7%Air
United Arab Emirates0.94Tonnes: 12USD per tonne: $75,858,9724.2%Air
Hong Kong re-exports0.61Tonnes: 10USD per tonne: $61,165,7822.7%Air
United Kingdom0.53Tonnes: 142USD per tonne: $3,727,4672.4%Air
Canada0.49Tonnes: 7USD per tonne: $67,316,1082.2%Land
Italy0.37Tonnes: 34USD per tonne: $10,834,8201.7%Air
Turkey0.33Tonnes: 5USD per tonne: $72,968,0811.5%Air
Germany0.15Tonnes: 2USD per tonne: $75,195,3420.68%Air
Thailand0.12Tonnes: 2USD per tonne: $59,023,3240.55%Air
Oman0.09Tonnes: 1USD per tonne: $68,215,5010.39%Air
Taiwan0.08Tonnes: 1USD per tonne: $73,060,4720.35%Air
Mexico0.08Tonnes: 33USD per tonne: $2,278,1350.34%Land
Jordan0.07Tonnes: 1USD per tonne: $73,911,9310.32%Air
China0.07Tonnes: 1USD per tonne: $73,088,5930.3%Air
Indonesia0.06Tonnes: 1USD per tonne: $72,011,5490.29%Air
Peru0.05Tonnes: 1USD per tonne: $71,862,7920.23%Air

Trend

Who it sells to

Switzerland was its main destination throughout the period

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

  • Switzerland 12.4
  • Singapore 1.9
  • India 1.5
  • Australia 1.2
  • Azerbaijan 1.1

Source: CEPII BACI

Show the numbers
Partner19952024
Switzerland1.812.4
Singapore0.021.9
India0.011.5
Australia< 0.011.2
Azerbaijan01.1

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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