How much gold does Switzerland export?
It is the largest exporter by value: $106.4 billion in 2024, 18% of world exports of gold (HS 7108) (CEPII BACI). Its biggest customer is China, which takes 24% of its gold exports by value.
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Switzerland's gold exports
| World rank | Export value | Share of world exports | Quantity (tonnes) | Average value per tonne | Year |
|---|---|---|---|---|---|
| 1 | $106.4 billion | 18% | 1,489 t | $71,422,068 | 2024 |
CEPII BACI international trade database (HS22, V202601), HS 7108 (Gold, unwrought or in semi-manufactured forms).
Where Switzerland's gold goes
| Destination | Value | Share of Switzerland's exports |
|---|---|---|
| China | $25.0B | 24% |
| India | $19.5B | 18% |
| United States | $9.1B | 8.6% |
| Turkey (Türkiye) | $7.3B | 6.9% |
| United Arab Emirates | $7.0B | 6.6% |
Switzerland as a buyer of gold
Switzerland imported $112.2 billion of gold (HS 7108) in 2024, 19% of world imports, ranked #1. Of its $112.2 billion of gold imports in 2024, 11% came from the United Arab Emirates and 11% from the United States, among 85 suppliers. Largest sources: United Arab Emirates (11%), United States (11%), Canada (6.7%), Burkina Faso (5.6%), Uzbekistan (5.5%).
The gold price Switzerland sells into
The benchmark price, London PM fix, was $4,319/troy oz in September 2026, up 18% over twelve months. Its five-year volatility is 14% a year, calmer in 64% of its earlier five-year windows. A single country's export price can differ from the benchmark: see trade price against benchmark. Monthly averages lag the market and are not investment advice. Gold price history.
Cite as: Commodity Origins, "Switzerland gold: production, exports and prices", https://commodityorigins.com/countries/CHE/gold/ (CC BY 4.0). Rankings count only countries reporting to the sources named; this page is shown only for top-five producers or exporters with at least 3% of the world total. Report an issue with this page.