According to Trade Map data, the value of global gold export trade throughout 2024 reached US$589.5 billion.
This figure represents gold exports under HS code 7108, which includes unwrought or semi-manufactured gold, such as platinum-plated gold, gold bars/ingots/lumps, gold powder, and other semi-manufactured forms of gold.
In 2024, Switzerland became the largest gold exporting country with a value of US$116.36 billion, equivalent to 20% of the total global gold export.
Here is a list of the 10 countries with the largest gold export value in 2024:
- Switzerland: US$116.36 billion (20% of total global gold export value)
- United Kingdom: US$65.93 billion (11%)
- Hong Kong: US$56.57 billion (10%)
- United Arab Emirates: US$55.21 billion (9%)
- United States: US$29.68 billion (5%)
- Canada: US$27.98 billion (5%)
- Australia: US$23.56 billion (4%)
- Japan: US$17.85 billion (3%)
- Singapore: US$17.39 billion (3%)
- Germany: US$15.02 billion (2.5%)
Combined, these 10 countries accounted for approximately 72% of the total global gold export value in 2024.
Meanwhile, Indonesia only exported gold worth US$1.06 billion in 2024. This figure is equivalent to 0.2% of total global exports, placing Indonesia at 44th in the world.