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Top 10 Gold Exporting Countries Worldwide: Gold has always been one of the most precious and sought-after metals in the world. Due to increased demand for jewellery, investments and international trade, gold prices have been rising steadily in recent years. Gold's export market has grown in importance as its value has increased, with nations making billions of dollars through the trading and refining of this valuable commodity. To satisfy the expanding demands of global markets, some countries focus on gold mining, while others refine and re-export the metal.

This trade plays an important role in boosting their economies and strengthening their positions in the global market. From traditional gold hubs like Switzerland and the United Arab Emirates to emerging players like Singapore and Canada, the gold export industry continues to thrive. But where does India stand in this list? India, being one of the largest consumers of gold, plays a crucial role in importing and processing gold as well. 

Here is a look at the top 10 largest gold-exporting countries in the world.

1. Switzerland 

Switzerland is the world’s largest gold exporter, with exports worth $116 billion. The country is known for its advanced gold refining industry and strong banking system, which attracts gold from around the globe. Most of the raw gold is refined in Switzerland before being re-exported to countries that use it for jewelry, investment, and technology.

2. United Kingdom 

The United Kingdom exports gold worth around $65.92 billion. London is a global hub for gold trading and storage, with many international banks and vaults located there. Much of the gold comes from trade markets rather than mining, making the UK a key player in the global gold flow.

3. Hong Kong 

Hong Kong exports gold valued at $58.58 billion. It serves as a major gateway for gold trade between China and the rest of the world. The city is known for its jewellery markets and strong trading links with Asian countries.

 

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4. United Arab Emirates (UAE) 

The UAE exports $53.41 billion worth of gold annually. Dubai, known as the “City of Gold,” is a major centre for gold trading and refining. The country imports raw gold from Africa and other regions, processes it, and re-exports it to global markets.

5. United States 

The United States exports about $28.67 billion in gold. Most of its gold comes from mining states like Nevada and Alaska, as well as the recycling of old jewellery. The US exports gold mainly to Switzerland, the UK, and Asian markets for refining and investment purposes.

6. Canada 

Canada exports $27.88 billion worth of gold each year. It is one of the top gold-producing countries, with major mines in Ontario and Quebec. Canadian gold is exported for refining, investment, and jewellery manufacturing worldwide.

7. Australia 

Australia exports gold valued at $23.55 billion. The country has large gold mines, especially in Western Australia and supplies gold to major markets in Asia and Europe. Its high-quality gold is mainly used for investment and jewellery.

8. Japan

Japan exports gold worth $17.85 billion. Much of this comes from recycling electronic waste and old jewellery rather than mining. The country is known for its advanced technology in refining and processing precious metals.

 

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9. Singapore 

Singapore exports gold valued at $17.38 billion. It acts as a trading hub in Southeast Asia, importing gold from different countries and re-exporting it to India, China, and other major markets.

10. Germany 

Germany exports $15.01 billion worth of gold annually. Most of this gold comes from refining and recycling rather than mining, as Germany has limited natural gold resources. It exports gold for investment and industrial use across Europe and beyond.

Where Does India Stand In Exporting Gold? 

India is one of the largest consumers of gold but not a major exporter. Most of the gold in India is imported, processed and used for jewellery, ornaments, and investments within the country. While India does export some refined gold and jewellery products, its share in global gold exports is relatively small compared to countries like Switzerland, the UAE, and Hong Kong, which dominate the international gold trade. For the financial year 2024 to 2025, India exported overall gold of $265 million, which is comparatively very low for top-tier exporters.