Gold currently plays a very important role for the development of a country,
an analysis of each asset of gold..
The top 10 countries where gold trade takes place
According to the World Gold Council (WGC), the top 10 countries where gold
trade takes place are as follows,
Switzerland: $86.8 billion (22% of global gold exports)
United Kingdom: $41.4 billion (10.5%)
Hong Kong: $30.8 billion (7.8%)
United Arab Emirates: $28.7 billion (7.3%)
United States: $27.7 billion (7%)
Australia: $17.5 billion (4.4%)
Russia: $17.4 billion (4.4%)
Canada: $15.1 billion (3.8%)
Singapore: $10.1 billion (2.6%)
Ghana: $10 billion (2.5%)
These figures are based on the data for 2018, the latest available year from
the WGC.
According to the World Gold Council (WGC), the country that produces the most
gold in the world is China, which mined 420 tonnes of gold in
2019. China has held its top position for more than a decade, despite a
decline in its production since 2016. China is followed
by Australia, which produced 330 tonnes of gold in 2019,
and Russia, which mined 310 tonnes.
The top 10 gold producing countries in 2019,
according to the WGC, are as follows,
China: 420 tonnes
Australia: 330 tonnes
Russia: 310 tonnes
United States: 200 tonnes
Canada: 180 tonnes
Ghana: 150 tonnes
Indonesia: 140 tonnes
Peru: 130 tonnes
South Africa: 120 tonnes
Mexico: 110 tonnes
These figures may vary slightly from other sources, depending on the
methodology and the definition of mine production. Some sources may include
secondary sources, such as scrap and recycled gold, in their calculations.
Which country imports the most gold?
According to the data from World’s Top Exports, the country that imported the
most gold in 2021 based on value was Switzerland, which accounted
for 23.4% of total gold imports worldwide. Switzerland was followed
by India, which imported 14.1% of global gold, and United
Kingdom, which imported 13.6%. The top 10 gold importing countries in
2021, based on value, were as follows,
Switzerland: $92.3 billion
India: $55.8 billion
United Kingdom: $53.7 billion
China: $43.7 billion
Hong Kong: $29.1 billion
Singapore: $14.5 billion
United States: $13.9 billion
Germany: $11 billion
United Arab Emirates: $10.6 billion
Thailand: $8.4 billion
These figures may vary slightly from other sources, depending on the
methodology and the definition of gold imports. Some sources may include
secondary sources, such as scrap and recycled gold, in their calculations.
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gold fact