Leadinggold-exporting nations globally
Top Gold Exporters: Unveiling the Biggest Players
Ever wondered which countries are the gold mining giants of the world? MyFin.by has got you covered! Here's a breakdown of the top gold exporters and their earnings from the precious metal.
For several years, Switzerland has reigned supreme in the global gold export market. According to UN Comtrade data, this European nation kept the title in 2023 with a whopping export worth $116.34 billion, marking an impressive increase of nearly $9.2 billion compared to the previous year.
Following close behind is the United Kingdom. In 2023, the UK earned approximately $65.2 billion from gold exports, a figure that increased to an estimated $66 billion in 2024.
The United Arab Emirates earned the third spot in the gold export ranking by value in 2023, with gold exports worth $52.8 billion. Industry analysts at the International Trade Centre predict that the UAE's gold exports will reach an impressive $53.4 billion in 2024.
Also gracing the top five global gold suppliers list are:
- Hong Kong: 2023 - $40.2 billion, 2024 - $56.5 billion;
- United States of America: 2023 - $26.04 billion, 2024 - $29.7 billion.
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Worthy of note, Switzerland primarily exports gold to China ($30.7 billion in 2023), Turkey ($16.8 billion), and India ($15.7 billion)[1].
Artem Kireyshin, a renowned journalist, crunched the numbers and brings you these fascinating insights into the global gold export market. So, next time you appreciate the gleam of a gold ring or necklace, remember its journey from these top-ranking countries!
[1] UN Comtrade Data
In the global gold export market, Switzerland and the United Kingdom significantly contribute to the finance industry, with Switzerland earning $116.34 billion in 2023 and the United Kingdom approximately $66 billion in 2024. Moreover, the United Arab Emirates, Hong Kong, and the United States of America also play significant roles in the gold financing sector.
