Singapore
Singapore is the world’s seventh-largest gold-exporting country, with exports worth US$18.6 billion in 2021.
- It is also a major gold-importing country, with imports worth US$17.7 billion in 2022. This makes Singapore a major hub for the global gold trade.
- The main destinations for Singapore’s gold exports are Cambodia, China, Malaysia, India, and Indonesia. The main sources of Singapore’s gold imports are Switzerland, Australia, and the United Kingdom.
- The gold trade plays an important role in the Singaporean economy. It provides jobs, generates tax revenue, and contributes to the country’s foreign exchange reserves.
- Singapore is also home to a number of gold refineries and bullion banks.
Top 10 Gold Exporting Countries
Switzerland is the world’s largest gold exporter, accounting for 23% of global gold exports in 2022. The United Kingdom is the second-largest gold exporter, accounting for 16.7% of global gold exports in 2022. The United States is the third-largest gold exporter, accounting for 8.5% of global gold exports in 2022.
In this article, we will look into the list of the top 10 gold exporting countries along with their export value.
Contact Us