🇬🇧 United Kingdom imports of gold: 2024 trade data
Imports of gold by the United Kingdom reached $59.63 billion in 2024 (1.0 thousand tonnes). That makes it the 4th largest importer of this product worldwide, out of 171 countries. That is close to the 2023 level. Across 2017-2024 the long-run trend was broadly stable. The peak in this period was 2020, at $111.78 billion.
Public statistics, latest reported year 2024. Values in US dollars.
Imports of gold by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $59.63B | 1.0K t |
| 2023 | $58.68B | 1.0K t |
| 2022 | $55.20B | 970 t |
| 2021 | $66.38B | 1.1K t |
| 2020 | $111.78B | 1.9K t |
| 2019 | $69.56B | 1.5K t |
| 2018 | $38.65B | 903 t |
| 2017 | $38.85B | 821 t |
Where the United Kingdom imports gold from
The largest suppliers were Canada (15%), South Africa (11%), Switzerland (10%). Trade is spread widely: the top three suppliers together make up only 36%. Among the main suppliers, Hong Kong grew fastest (+472% on the year before).
| Supplier country | Value | Share |
|---|---|---|
| 🇨🇦 Canada | $8.88B | 15% |
| 🇿🇦 South Africa | $6.41B | 11% |
| 🇨🇭 Switzerland | $6.09B | 10% |
| 🇩🇪 Germany | $6.07B | 10% |
| 🇦🇺 Australia | $5.47B | 9.2% |
| 🇰🇿 Kazakhstan | $5.40B | 9.1% |
| 🇭🇰 Hong Kong | $4.32B | 7.2% |
| 🇺🇿 Uzbekistan | $3.43B | 5.8% |
| 🇰🇬 Kyrgyzstan | $2.42B | 4.1% |
| 🇺🇸 United States | $2.41B | 4.1% |
Types of gold under HS 7108
| 7108.13 | Metals: gold, semi-manufactured | 54% |
| 7108.12 | Metals: gold, non-monetary, unwrought (but not powder) | 46% |
| 7108.11 | Metals: gold, non-monetary, powder | 0% |
Codes and full descriptions: HS heading 7108.
Average import price of gold
The average declared value was about $57,813.22 per kg, close to the world average of $57,889.60.
Declared value divided by weight, all 2024 shipments. Prices per shipment and per company are in EximDataX.
The United Kingdom also exports gold
In 2024, the United Kingdom exported gold worth $12.93 billion (212 tonnes). Its share of world exports was 2%. Most of it went to Switzerland (26%), United Arab Emirates (23%), Hong Kong (14%). Among the main buyer markets, Germany grew fastest (+512% on the year before).
| Destination | Value | Share |
|---|---|---|
| 🇨🇭 Switzerland | $3.34B | 26% |
| 🇦🇪 United Arab Emirates | $2.92B | 23% |
| 🇭🇰 Hong Kong | $1.85B | 14% |
| 🇺🇸 United States | $1.27B | 9.8% |
| 🇦🇿 Azerbaijan | $1.05B | 8.2% |
| 🇹🇷 Turkey | $675.3M | 5.2% |
| 🇬🇪 Georgia | $601.0M | 4.7% |
| 🇸🇬 Singapore | $276.3M | 2.1% |
| 🇩🇪 Germany | $245.3M | 1.9% |
| 🇮🇹 Italy | $228.6M | 1.8% |
Who is behind these numbers in the United Kingdom?
Public statistics stop at country totals and the last published year. EximDataX shows the shipment records underneath: the companies, dates, quantities and declared values, updated weekly.
Shipment records are in the platform
Tell us what you trade and we will show you the latest records on a live call.
Direct customs feed: shipment-level records from the official customs source.
Updated weekly on EximDataX (some markets daily), while public statistics stop at 2024.
Source: CEPII BACI (reconciled UN Comtrade data), HS 2017 edition, release 202601, Etalab Open Licence 2.0. Annual values in US dollars at the customs border; quantities in tonnes where reported. HS 7108: Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form.
Gold trade in the United Kingdom: questions
What is the value of gold imported by the United Kingdom?
The United Kingdom imported gold worth $59.63 billion in 2024 (1.0 thousand tonnes).
Where does the United Kingdom import gold from?
The main supplier countries in 2024 were Canada (15%), South Africa (11%), Switzerland (10%).
What is the average import price of gold in the United Kingdom?
The average declared import value was about $57,813.22 per kg in 2024, against a world average of $57,889.60 per kg.
Does the United Kingdom export gold?
Yes. The United Kingdom exported gold worth $12.93 billion in 2024, mainly to Switzerland, United Arab Emirates, Hong Kong.
What is the HS code for gold?
Gold falls under HS heading 7108 (Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form). The six-digit codes under it split the product by type.
How can I find the companies trading gold with the United Kingdom?
These public statistics stop at country level. EximDataX has a direct customs feed for the United Kingdom with shipment-level records, updated weekly, where you can see the importers and exporters by name.
Gold trade in other countries
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