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22-11-2023
Gold is one of the precious metals whose value has stood the test of time. Since the early 1970s, the amount of gold purchased globally each year has tripled.
Historically, countries such as South Africa held the world's largest gold reserves, but over the years these have been surpassed by countries such as China, Russia, Australia and the United States.
Gold is a rare commodity and is a safe haven for investors in times of volatility and uncertainty brought about by geopolitical crises. This is because it has long-term storage value and can be used as a hedge against inflation. Gold is not only used for jewelry, technology, bullion and coins, but central banks also stockpile gold. Central banks hold more than 35,000 tons of gold, about one-fifth of all gold ever mined.
Global gold export sales by country total $436.8 billion in 2022, up 5.2% year-over-year from $415.4 billion in 2021. Russia's recent invasion of Ukraine led to a 6% year-over-year increase in the gold price in February 2022 to $1,910 per ounce - the largest monthly increase since May 2021.
Gold Exports by Country
Here are the 15 countries with the highest dollar exports of gold in 2022.
1. Switzerland: $100.3 billion (23%)
2. United Kingdom: $73 billion (16.7%)
3. United States: $37.2 billion (8.5%)
4. Hong Kong: $30.2 billion (6.9%)
5. United Arab Emirates: $24.1 billion (5.5%)
6. Australia: $16.4 billion (3.7%)
7. Singapore: $15.5 billion (3.6%)
8. Canada: $15 billion (3.4%)
9. Japan: $10.9 billion (2.5%)
10. Peru: $7.4 billion (1.7%)
Overall, this group of major gold-exporting countries accounts for about three-fifths (60.6%) of international gold sales.
Among the major exporters, the fastest-growing gold exporters from 2021 to 2022 are: Thailand (up 77%), the United Kingdom (up 76%), Japan (up 42.4%) and the United States of America (up 33.7%).
Countries with declining gold export sales include: Russia (-58.9% from 2021), South Africa (-29%), United Arab Emirates (-28.8%), Brazil (-7.3%) and Australia (-6.5%).
Gold Exports by Company
When you are not sure which country you want to import gold from, you can check the list of the largest global gold exporters.Tendata provides an up-to-date list of the major gold exporters in 2023, and decide your own potential customers to work with based on the exports of these companies (only a portion of the data is shown):
When you have determined that you want to work with a gold exporter in a particular country, you can also locate the specific country to find out which gold exporters in that country you can work with.Tendata provides an up-to-date list of the major gold exporters in 2023, and you can decide which companies you want to work with based on the export trends of these companies (the United States, for example):
How effective is Tendata Customs Data?
Shanghai Tendata is a leading global trade data provider, our data covers 218 countries and regions around the world. Among them, customs data is a very core part of Tendata's data system, which currently includes more than 80 countries around the world. Tendata first started by trade data, trade data in the customs data are from formal official channels, directly reflecting the real-time update of the relationship between the enterprises of various countries, the purchase and sale of goods, the price of the Tendata customs data information is comprehensive, true and accurate for the development of foreign customers is very valuable to use. Tendata's customs data information is comprehensive, true and accurate, which is very valuable for developing foreign customers.(>>> Click for More Details)
Of course, in addition to customs data, Tendata's business data and Internet data resources come from strategic cooperation with many well-known overseas commercial companies, and are also extremely valuable. In addition to the query function, it also helps importers and exporters to intelligently analyze the market, monitor customers and competitors, supervise and manage customers and trade dynamics. Import and export enterprises can make intelligent one-key inquiry by product, company name, HS code, SIC code and other information. It can also directly tap the key person contact information of target customers and directly get the phone number, email address and social account of the boss, purchasing and CEO. Importers and Exporters can take the initiative in a multi-method and multi-dimensional way to quickly establish contact with customers, dig deeper into customer needs and facilitate order cooperation.(>>> Click for More Details)
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