Top Gold Exporting Countries in 2024–25: Gold Exports by Country & Trends in Gold Export Data

In the world of precious metals, gold has always held a special place. It is prized for its beauty, rarity, and value. Gold is used in jewelry, tech, by central banks and investors, and in other sectors, as per the reports on gold demand and supply. Countries around the world engage in the mining and export of gold, with some nations standing out as the top gold exporters. According to global trade data and gold export data, the total value of gold exports reached $586.19 billion in 2024, a 14.2% increase from the previous year. According to reports on gold shipment data, the global gold export value exceeded around $142.564 billion in the first quarter of 2025. In this article, we will explore the top gold exporting countries in 2024-25, looking at the trends in gold export data and the reasons behind their success.

The Importance of Gold Exports

Gold has been a symbol of wealth and prosperity for centuries, and it remains a key player in the global economy. Countries around the world mine and export gold to meet the demand for jewelry, investment, and industrial purposes. Gold exports also hold significant economic value for exporting countries, contributing to foreign exchange earnings and driving economic growth. As such, the top gold-exporting countries play a crucial role in the international gold market.

European Gold Exporters Leading the Global Market

Gold exporters from European nations ranked first among continents, exporting the most gold in worldwide markets with shipments worth $227.7 billion, accounting for 38.8% of the global total, as per the Europe trade data. Gold exporters from Asia accounted for 35.2% of gold exports, securing the second position. North America accounted for 11.1% of the shipments, while Latin American gold suppliers (excluding Mexico but including the Caribbean) contributed 5.2%.  African exporters accounted for 5% of global gold sales, with Africa's largest exporter of gold leading, followed by Oceania at 4.6%, with Australia, Papua New Guinea, and New Zealand leading the charge. For research purposes, gold is classified under the 4-digit HS Code 7108.

Top 10 Gold Exporting Countries: Gold Exports by Country (2024-25)

The top 10 gold-exporting countries hold significant positions in the global gold market. But who is the largest exporter of gold? As of the latest data, these countries, including Switzerland, the United Kingdom, Hong Kong, Canada, and the United States, contribute significantly to the world's gold exports. Their production and export of gold are crucial in shaping the international gold trade landscape. Switzerland is the biggest exporter of gold globally. The top 10 countries accounted for over 60% of global gold exports. The leading gold exporting countries, as per the data on gold exports by country and gold export statistics for 2024-25, are:

1. Switzerland: $116.35 billion (19.8%)

Switzerland has long been known as a major player in the gold market, and it continues to maintain its position as the biggest gold exporter in the world. With a total export value of $116.35 billion in 2024-25, Switzerland accounts for nearly 20% of the world's gold exports.

2. United Kingdom: $65.92 billion (11.2%)

The United Kingdom takes the second spot on the list of top gold exporting countries, with a total export value of $65.92 billion in 2024-25. With a long history of gold mining and trading, the UK continues to be a key player in the global gold market.

3. Hong Kong: $56.56 billion (9.6%)

Hong Kong is another major player in the gold export market, with a total export value of $56.56 billion in 2024-25. Its strategic location and well-established infrastructure make it a key hub for gold trading in the region.

4. United Arab Emirates: $53.41 billion (9.1%)

The United Arab Emirates has emerged as a key player in the gold export market, with a total export value of $53.41 billion in 2024-25. The country's strategic location and growing economy have helped drive its success in the gold market.

5. United States of America: $29.67 billion (5.1%)

The United States may not be the top gold exporting country, but it still holds a significant share of the market with a total export value of $29.67 billion in 2024-25. The country's strong economy and stable political climate make it an attractive destination for gold investors.

6. Canada: $27.98 billion (4.8%)

Canada is another key gold exporter country in the global market for the export of gold, with a total export value of $27.98 billion in 2024-25, as per Canada gold export data. The country's vast natural resources and well-developed mining industry make it a prime destination for gold production and export.

7. Australia: $23.55 billion (4%)

Australia is known for its rich deposits of gold, and it continues to be a major player in the global gold market with a total export value of $23.55 billion in 2024-25. The country's mining industry is a significant contributor to its economy.

8. Japan: $17.85 billion (3%)

Japan may not be a top gold producer, but it still holds its own in the global market with a total export value of $17.85 billion in 2024-25, as per Japan gold export data. The country's strong economy and technological advancements make it an important player in the gold trade.

9. Singapore: $17.38 billion (3%)

Singapore may be a small country, but it punches above its weight in the gold export market with a total export value of $17.38 billion in 2024-25. Its strategic location and well-established financial sector make it a key player in the global gold trade.

10. Germany: $15.01 billion (2.6%)

Germany rounds out the list of the top 10 gold exporting countries, with a total export value of $15.01 billion in 2024-25, according to Germany gold export data. The country's strong economy and stable political environment make it an attractive destination for gold investors. Germany exports the most gold to Switzerland, as per the data on Germany gold exports to Switzerland. 

Top 10 Gold Exporting Companies: Global Gold Exporters Database

The Global Gold Exporters Database is a comprehensive resource showcasing the leading players in the gold export industry. These companies, through their strategic operations and market expertise, have secured top positions in the global gold export market. Newmont is the world's largest company exporting gold. Newmont Corp., a mining company based in the US, produced 1.9 million grams of gold in Q4 2024. The top 10 gold exporting companies or the leading gold suppliers in the world, as per the gold exporters data and gold suppliers list for 2024-25, include:

Global Gold Exports in the Last 10 Years: Historical Gold Export Data

Gold Export Trends & Market Dynamics

• Switzerland: Maintained its position as the leading gold exporter, benefiting from its robust refining industry and strategic location in Europe, as per Switzerland gold export statistics.
• United Arab Emirates: Saw significant growth in gold exports, leveraging its status as a major trading hub between Asia and Europe.
• United Kingdom: Experienced a decline in gold exports by 10.6%, attributed to market uncertainties and shifts in trade policies.
• Canada and Australia: Both countries saw increases in gold exports, supported by stable mining operations and favorable trade agreements.

Gold Tariffs and Their Impacts

• United States: In 2025, the U.S. imposed a blanket 10% tariff on all imports, including gold, as part of a broader shift in its trade policy. This move led to increased gold prices, reaching a record high of $3,000 per ounce.
• India: To curb the surge in gold imports, India raised import duties on gold from 10% to 15% in early 2024. This policy aimed to address the widening trade deficit caused by a 95% spike in gold imports in October 2023. 
• Switzerland: Faced a 31% U.S. import tariff in 2025 due to trade imbalances, although gold and other precious metals were excluded from this tariff.

Top 10 Gold Producing Countries (2024–25): Global Gold Production

According to the latest statistics on global gold production for 2024-25, the top 10 gold-producing countries have remained consistent in maintaining their positions. In 2024, global gold mine production reached approximately 3,300 metric tons, marking a slight increase from 3,250 metric tons in 2023. The total global gold supply, which includes mine production, recycling, and other sources, rose by 1% year-over-year to 4,974 metric tons, the highest level in the past 30 years. The top 10 gold producers in the world as per the data of 2024-25 include:

1. China – 370 metric tons

China remains the world’s largest gold producer, with stable annual output driven by state-owned enterprises. It consistently exceeds 300 metric tons per year.

2. Australia – 310 metric tons

Australia holds the world’s largest gold reserves (around 12,000 MT). Its gold output has remained stable, making it the second-largest producer globally.

3. Russia – 310 metric tons

Matching Australia’s output, Russia maintains strong production levels. It has some of the world's richest untapped reserves (~11,100 MT).

4. Canada – 200 metric tons

Canada’s production is mainly concentrated in Ontario and Quebec, which account for over 70% of the country’s gold output.

5. United States – 170 metric tons

Gold production in the U.S. comes from several key mines across Nevada, Alaska, and other states. Overall output saw slight declines.

6. Kazakhstan – 130 metric tons

Gold output has been steadily rising in recent years. The Altyntau Kokshetau mine is among the most significant contributors.

7. Mexico – 120 metric tons

Mexico’s gold mining industry remains strong, with gold contributing about 50% of the country’s total precious metals output.

8. Indonesia – 110 metric tons

Indonesia’s gold production rose modestly. The country hosts the Grasberg mine, one of the largest gold and copper mines in the world.

9. South Africa – 100 metric tons

Once the global leader, South Africa continues its recovery with increased output, mainly from the historically significant Witwatersrand Basin. South Africa is also Africa's largest exporter of gold. 

10. Uzbekistan – 100 metric tons

Uzbekistan maintains high output, with the Muruntau mine being one of the largest open-pit gold mines globally.

Market Insights and Business Implications

• Price Volatility: Gold prices have been highly volatile, influenced by geopolitical tensions, trade policies, and currency fluctuations. The imposition of tariffs has led to increased demand for gold as a safe-haven asset.
• Investment Strategies: Investors are turning to gold to hedge against inflation and economic uncertainty. Central banks have also increased their gold reserves, contributing to the surge in demand.
• Supply Chain Adjustments: Gold-exporting companies are reevaluating their supply chains to mitigate the impact of tariffs and trade barriers. Diversifying export markets and investing in local refining capacities are among the strategies being adopted.

Outlook for 2025

The global gold market is expected to remain dynamic in 2025, with ongoing geopolitical developments and economic policies influencing trade flows and prices, as per the gold statistics report. Exporting countries and companies will need to navigate these challenges strategically to maintain their market positions and lead the export of gold.

Conclusion and Final Thoughts

In conclusion, the top gold exporting countries in 2024-25 play a crucial role in the global gold market. With their wealth of resources and expertise in mining, these nations are poised to continue their success as leading gold exporters. From Switzerland's strategic investments to Canada's sustainable mining practices, these countries play a vital role in shaping the future of gold exports. Stay tuned for more updates on gold export trends and the evolving landscape of global trade. Remember, investing in gold remains a wise choice in uncertain times, as it serves as a reliable store of value and a safe asset.

We hope that you liked our interactive blog report on global gold export data and got enough insights into the top gold exporting countries in 2024-25. Visit TradeImeX and get access to global trade import-export data. Contact us at info@tradeimex.in and get a customized database report on gold exports along with a list of verified gold exporters.