Gold in Spain | The Observatory of Economic Complexity

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Exports In 2022, Spain exported $2.58B in Gold, making it the 30th largest exporter of Gold in the world. At the same year, Gold was the 20th most exported product in Spain. The main destination of Gold exports from Spain are: United Kingdom ($1.4B), France ($545M), Italy ($484M), Switzerland ($65.7M), and Netherlands ($26.3M).

The fastest growing export markets for Gold of Spain between 2021 and 2022 were United Kingdom ($329M), Italy ($126M), and Netherlands ($16.1M).

Imports In 2022, Spain imported $1.56B in Gold, becoming the 25th largest importer of Gold in the world. At the same year, Gold was the 60th most imported product in Spain. Spain imports Gold primarily from: United Kingdom ($630M), France ($592M), Italy ($197M), Switzerland ($23M), and South Africa ($20.4M).

The fastest growing import markets in Gold for Spain between 2021 and 2022 were France ($66.7M), Italy ($59.5M), and Tanzania ($14.3M).

Latest Trends

February 2024

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Overview In February 2024 Spain's Gold exports accounted up to €239M and imports accounted up to €13M, resulting in a positive trade balance of €226M. Between February 2023 and February 2024 the exports of Spain's Gold have decreased by €-51.4M (-17.7%) from €290M to €239M, while imports decreased by €-107M (-89.1%) from €120M to €13M.

Destinations In February 2024, Gold were exported mostly to United Kingdom (€111M), France (€72.5M), Italy (€48.2M), Andorra (€3.34M), and Switzerland (€3.25M), and were imported mostly from South Africa (€3.57M), Germany (€2.86M), Italy (€2.53M), Switzerland (€1.39M), and Paraguay (€530k).

Growth In February 2024, the decrease in Gold's year-by-year exports was explained primarily by a decrease in exports to United Kingdom (€-20.9M or -16.8%), Netherlands (€-3.45M or -89.3%), and Andorra (€-817k or -43.3%). In February 2024, the decrease in Gold's year-by-year imports was explained primarily by a decrease in imports from South Africa (€-7.21M or -71%), Italy (€-1.69M or -55%), and United Kingdom (€-29.4k or -0.049%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)€-51.4M(-17.7%)

IMPORT GROWTH (February 2023 - February 2024)€-107M(-89.1%)

MAIN EXPORTER (February 2024)Madrid€216M

MAIN DESTINATION (February 2024)United Kingdom€111M

This section shows Gold's exports and imports data at subnational level for Spain. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Gold over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$2.58B

IMPORTS (2022)$1.56B

NET TRADE (2022)$1.02B

In 2022, Spain exported $2.58B in Gold. The main destinations of Spain exports on Gold were United Kingdom ($1.4B), France ($545M), Italy ($484M), Switzerland ($65.7M), and Netherlands ($26.3M).

In 2022, Spain imported $1.56B in Gold, mainly from United Kingdom ($630M), France ($592M), Italy ($197M), Switzerland ($23M), and South Africa ($20.4M).

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