Global gold exports reached an impressive US$482.3 billion in 2023, marking a 58.9% increase from 2019, when gold exports were valued at $303.6 billion. Year-over-year, the value of gold exports globally rose by 3.2%, climbing from $467.2 billion in 2022.

In 2023, the five leading gold exporters were Switzerland, the United Kingdom, Hong Kong, the United Arab Emirates, and the United States. Collectively, they accounted for 57.5% of international gold exports, with Switzerland alone representing 22.2% of the total, making it the largest gold exporter worldwide.

By continent, Europe led the way in gold exports, contributing 43.2% of the global total, valued at $208.5 billion. Asia followed with 29.5% of the market share, while North America accounted for 10.3% of gold exports. Africa supplied 7.2%, Latin America (excluding Mexico but including the Caribbean) contributed 5.3%, and Oceania, led by Australia, Papua New Guinea, and New Zealand, accounted for 4.4%.

For trade data tracking, the Harmonized Tariff System code for unwrought or semi-manufactured gold exports is 7108.

Top 15 Countries in Gold Exports (2023):

1. Switzerland: US$107.2 billion (22.2%)

2. United Kingdom: $65.3 billion (13.5%)

3. Hong Kong: $40.3 billion (8.4%)

4. United Arab Emirates: $38.3 billion (7.9%)

5. United States: $26 billion (5.4%)

6. Canada: $20.4 billion (4.2%)

7. Australia: $18.8 billion (3.9%)

8. Singapore: $12.6 billion (2.6%)

9. Japan: $12.5 billion (2.6%)

10. Russia: $11 billion (2.3%)

11. Uzbekistan: $10.8 billion (2.2%)

12. Germany: $10.2 billion (2.1%)

13. Peru: $8.4 billion (1.7%)

14. Ghana: $7.7 billion (1.6%)

15. Thailand: $5.9 billion (1.2%)

These top 15 nations accounted for 82% of the world’s gold exports in 2023. The fastest-growing gold exporters were Uzbekistan (up 163.4%), Germany (up 45.9%), Canada (up 34.4%), and Hong Kong (up 33.7%).

Meanwhile, some nations faced declines in their gold exports, including the United States (down 29.9%), Singapore (down 19.1%), Thailand (down 12.8%), Russia (down 12.2%), and the United Kingdom (down 10.6%).

Major Gold Exporting Companies（2024）:

Below are some of the largest companies involved in gold exports from Tendata, ranked by market capitalization. These rankings can fluctuate due to market volatility:

1. ITC Limited: 38.55%, $35,707.96 million

2. Kilosa Kwetu Trading Limited: 18.65%, $17,278.41 million

3. Precious Minerals Marketing Company Limited: 2.3%, $2,127.43 million

4. Liza Gold and Jewelry Trading LLC: 1.22%, $1,126.11 million

5. Newmont Ghana Gold Limited: 1.08%, $997.74 million

6. Dutta Press: 0.92%, $856.59 million

7. TFJ HK Limited: 0.88%, $816.79 million

8. PT Untung Bersama Sejahtera: 0.77%, $714.79 million

9. PT Indah Golden Signature: 0.72%, $666.32 million

10. ԵՐԵՎԱՆԻ ՈՍԿԵՐՉԱԿԱՆ ՖԱԲՐԻԿԱ ՍՊԸ: 0.7%, $651.65 million

As gold exports remain a critical part of global trade, these countries and companies continue to dominate the market, shaping the future of the global gold industry.

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