Gold in United Kingdom | The Observatory of Economic Complexity

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Exports In 2022, United Kingdom exported $32.1B in Gold, making it the 4th largest exporter of Gold in the world. At the same year, Gold was the 1st most exported product in United Kingdom. The main destination of Gold exports from United Kingdom are: China ($17.6B), United Arab Emirates ($4.5B), Austria ($2.08B), Switzerland ($1.81B), and Germany ($1.63B).

The fastest growing export markets for Gold of United Kingdom between 2021 and 2022 were China ($17.6B), United Arab Emirates ($2.06B), and Austria ($1.4B).

Imports In 2022, United Kingdom imported $38.7B in Gold, becoming the 4th largest importer of Gold in the world. At the same year, Gold was the 4th most imported product in United Kingdom. United Kingdom imports Gold primarily from: Canada ($7.53B), United States ($7.07B), Kazakhstan ($6.57B), Philippines ($3.42B), and Switzerland ($3.18B).

The fastest growing import markets in Gold for United Kingdom between 2021 and 2022 were Philippines ($3.42B), Kazakhstan ($3.11B), and France ($407M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Gold from United Kingdom to the United States.

Latest Trends

January 2024

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Overview In January 2024 United Kingdom's Gold exports accounted up to £7.28B and imports accounted up to £3.42B, resulting in a positive trade balance of £3.86B. Between January 2023 and January 2024 the exports of United Kingdom's Gold have increased by £5.4B (288%) from £1.88B to £7.28B, while imports increased by £1.61B (88.9%) from £1.81B to £3.42B.

Destinations In January 2024, Gold were exported mostly to Switzerland (£4.72B), China (£1.31B), United Arab Emirates (£640M), Hong Kong (£284M), and Singapore (£207M), and were imported mostly from Canada (£1.04B), Germany (£769M), United States (£597M), Switzerland (£328M), and South Africa (£187M).

Growth In January 2024, the increase in Gold's year-by-year exports was explained primarily by an increase in exports to Hong Kong (£517M or 5.89k%), Canada (£90.7M or 3.3k%), and Cyprus (£834k or 224%). In January 2024, the increase in Gold's year-by-year imports was explained primarily by an increase in imports from United States (£194M or 42.2%), Switzerland (£93.4M or 455%), and Canada (£62.6M or 10.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)£5.4B(288%)

IMPORT GROWTH (January 2023 - January 2024)£1.61B(88.9%)

MAIN EXPORTER (January 2024)London Heathrow Airport£7.26B

MAIN DESTINATION (January 2024)Switzerland£4.72B

This section shows Gold's exports and imports data at subnational level for United Kingdom. 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)$32.1B

IMPORTS (2022)$38.7B

NET TRADE (2022)-$6.63B

In 2022, United Kingdom exported $32.1B in Gold. The main destinations of United Kingdom exports on Gold were China ($17.6B), United Arab Emirates ($4.5B), Austria ($2.08B), Switzerland ($1.81B), and Germany ($1.63B).

In 2022, United Kingdom imported $38.7B in Gold, mainly from Canada ($7.53B), United States ($7.07B), Kazakhstan ($6.57B), Philippines ($3.42B), and Switzerland ($3.18B).

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