Gold in India | The Observatory of Economic Complexity

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Exports In 2022, India exported $124M in Gold, making it the 93rd largest exporter of Gold in the world. At the same year, Gold was the 387th most exported product in India. The main destination of Gold exports from India are: United Arab Emirates ($103M), Hong Kong ($9.94M), Turkey ($7.35M), Canada ($1.12M), and Singapore ($909k).

The fastest growing export markets for Gold of India between 2021 and 2022 were Turkey ($7.06M), Hong Kong ($5.91M), and Canada ($897k).

Imports In 2022, India imported $35.8B in Gold, becoming the 5th largest importer of Gold in the world. At the same year, Gold was the 3rd most imported product in India. India imports Gold primarily from: Switzerland ($13B), South Africa ($3.33B), United Arab Emirates ($3.22B), Guinea ($2.41B), and Bolivia ($2.26B).

The fastest growing import markets in Gold for India between 2021 and 2022 were United States ($551M), Ghana ($546M), and Uganda ($417M).

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

Latest Trends

Feb 2024

Subnational Monthly Trade

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For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Gold. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

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Trade Value

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Growth (%)

Year

EXPORTS (2022)$124M

IMPORTS (2022)$35.8B

NET TRADE (2022)-$35.7B

In 2022, India exported $124M in Gold. The main destinations of India exports on Gold were United Arab Emirates ($103M), Hong Kong ($9.94M), Turkey ($7.35M), Canada ($1.12M), and Singapore ($909k).

In 2022, India imported $35.8B in Gold, mainly from Switzerland ($13B), South Africa ($3.33B), United Arab Emirates ($3.22B), Guinea ($2.41B), and Bolivia ($2.26B).

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