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Gold and silverware: top exporters and importers (2024)

In 2024, world trade in gold and silverware totaled $1.9 billion (1 thousand tonnes). The top exporters were South Korea (28%), Italy (20%) and China (15%); the top importers were Hong Kong (43%), Turkey (18%) and the United States (3%). Compared with 2019, the value fell 10%.

Summary

World trade
$1.9billion
Tonnes
1thousand tonnes
Price per tonne
$1,636,468
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. South Korea$535 million · 27.6%
  2. Italy$389 million · 20.1%
  3. China$294 million · 15.2%
  4. Turkey$71 million · 3.7%
  5. United Kingdom$64 million · 3.3%
  6. Germany$61 million · 3.2%
  7. Malaysia$56 million · 2.9%
  8. Japan$51 million · 2.6%
  9. New Zealand$45 million · 2.3%
  10. Hong Kong$33 million · 1.7%
    re-exports
  11. France$32 million · 1.7%
  12. Switzerland$28 million · 1.5%
  13. Slovakia$25 million · 1.3%
  14. Netherlands$24 million · 1.2%
    re-exports
  15. Taiwan$22 million · 1.1%
  16. United States$20 million · 1%
  17. Estonia$19 million · 0.97%
  18. India$18 million · 0.93%
  19. United Arab Emirates$15 million · 0.76%
  20. Australia$14 million · 0.7%

Top importers

  1. Hong Kong$828 million · 42.8%
    re-exports
  2. Turkey$350 million · 18.1%
  3. United States$65 million · 3.4%
  4. United Arab Emirates$60 million · 3.1%
  5. Taiwan$56 million · 2.9%
  6. Switzerland$53 million · 2.8%
  7. Malaysia$46 million · 2.4%
  8. Germany$39 million · 2%
  9. Japan$38 million · 2%
  10. Macao$35 million · 1.8%
  11. Singapore$27 million · 1.4%
    re-exports
  12. Israel$26 million · 1.3%
  13. Poland$23 million · 1.2%
  14. China$21 million · 1.1%
  15. Italy$20 million · 1%
  16. United Kingdom$18 million · 0.95%
  17. New Zealand$18 million · 0.91%
  18. Sweden$17 million · 0.88%
  19. France$15 million · 0.79%
  20. Belgium$14 million · 0.73%
    re-exports

Trend

Who sells it

South Korea has been the top exporter since 2024

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

  • South Korea 0.54
  • Italy 0.39
  • China 0.29
  • Turkey 0.07
  • United Kingdom 0.06

Source: CEPII BACI

Show the numbers
Country19952024
South Korea< 0.010.54
Italy0.090.39
China0.010.29
Turkey< 0.010.07
United Kingdom0.090.06

Price

Implied price

The price per tonne rose 1,672% since 2000

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $1,636,468

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995—
1996—
1997—
1998—
1999—
2000$92,332
2001$78,565
2002$75,205
2003$166,416
2004$57,139
2005$190,095
2006$282,485
2007$378,549
2008$386,436
2009$760,818
2010$669,106
2011$1,577,873
2012$584,772
2013$287,246
2014$327,104
2015$134,616
2016$507,781
2017$644,345
2018$583,631
2019$1,351,917
2020$2,813,238
2021$1,049,172
2022$836,731
2023$740,246
2024$1,636,468

What it includes

  • 7114 · Gold and silverware

Products in the same chapter

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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