Which Country Imports the Most Gold in the World?

Basic Precious Metals May 28, 2018
Author: Sergey Avramenko
Head of Global Markets Research Team

Which Country Imports the Most Gold in the World?

IndexBox has just published a new report "World: Generators For Internal Combustion Engines ; Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

In 2016, the global engine generator imports totaled 1.8M tonnes, increasing by 4% against the previous year level. The total import volume increased at an average annual rate of +1.4% from 2007 to 2016; the trend pattern remained relatively stable, with only minor fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2010, when import increased by 15% year;to;year. Over the period under review, global engine generator imports attained its maximum volume in 2016, and are expected to retain its growth in the immediate term.

In value terms, engine generator imports amounted to $19B in 2016. The total import value increased at an average annual rate of +3.2% over the period from 2007 to 2016; the trend pattern indicated some noticeable fluctuations throughout the analyzed period. Global engine generator import peaked of $20B in 2014; however, from 2015 to 2016, it stood at a somewhat lower level.

Top Engine Generator Importing Countries in the World

1. USA (4.0 billion USD)

2. Germany (1.9 billion USD)

3. Mexico (1.6 billion USD)

4. China (1.1 billion USD)

5. United Kingdom (0.8 billion USD)

6. Hungary (0.8 billion USD)

7. France (0.8 billion USD)

8. Canada (0.7 billion USD)

9. Spain (0.5 billion USD)

10. Italy (0.4 billion USD)

11. Japan (0.4 billion USD)

12. South Korea (0.2 billion USD)

Engine Generator Imports By Country

The U.S. (245K tonnes), Japan (216K tonnes), China (185K tonnes), Mexico (139K tonnes), Germany (113K tonnes), Spain (98K tonnes), France (80K tonnes), and Hungary (71K tonnes) represented roughly 64% of total imports of engine generator in 2016. South Korea (47K tonnes), Italy (41K tonnes), the UK (40K tonnes), and Canada (40K tonnes) followed a long way behind this figure.

From 2007 to 2016, the most notable growth rate of engine generator imports, among the main importing countries, was attained by Hungary (+8.9% per year), while the other global leaders experienced more modest paces of growth.

In value terms, the U.S. ($4B) constitutes the largest market for imported engine generator worldwide, making up 21% of global imports. The second position in the ranking was occupied by Germany ($1.9B), with the share of 10% of global imports. It was followed by Mexico, with the share of 8%.

In the U.S., engine generator imports stood at an average annual rate of +3.2% over the period from 2007;2016. In the other countries, the average annual rates were as follows: Germany (+3.9% per year) and Mexico (+6.6% per year).

Engine Generator Import Prices By Country

The average engine generator import price stood at $11 per kg in 2016, import ,therefore, remained relatively stable against the previous year level. Over the period from 2007 to 2016 it increased at an average annual rate of +1.8%.The pace of growth was the most pronounced in 2008, when import increased by 13% y;o;y. Global engine generator import peaked of $12 per kg in 2014; however, from 2015 to 2016, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst major importing countries. In 2016, the country with the highest import prices was the UK ($20 per kg), while Japan ($1,798 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of engine generator import prices was attained by Hungary (+9.1% per year), while the other global leaders experienced more modest paces of growth.

Do you want to know more about global engine generator market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • engine generator market share
  • engine generator prices
  • engine generator industry
  • engine generator sales
  • engine generator import
  • engine generator export
  • engine generator market forecast
  • engine generator price forecast
  • key engine generator producers

All data provided in this article covers the following product: HS Code 8511 ; Ignition or starting equipment; used for spark;ignition or compression;ignition internal combustion engines; generators and cut outs used in conjunction with such engines.

Source: World: Generators For Internal Combustion Engines ; Market Report. Analysis and Forecast to 2025"

"IndexBox has just published a new report "World: Gold Including Gold Plated With Platinum - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

In 2016, the global imports of gold totaled 10K tonnes, reducing by -7.1% against the previous year figure. Overall, it indicated a prominent expansion from 2007 to 2016: the total imports volume increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2016, gold imports decreased by -18.4% against its level of 2013. The most prominent rate of growth was recorded in 2013, when import increased by 27% year-to-year. In that year, global gold imports reached its maximum volume of 13K tonnes. From 2014 to 2016, growth of global gold imports stood at a somewhat lower level.

In value terms, gold imports amounted to $324B in 2016. In general, gold imports continue to indicate a strong increase. Global gold import peaked of $494B in 2013- however, from 2014 to 2016, it failed to regain its strength.

Top Gold Importing Countries in the World

1. Switzerland (82.9 billion USD)

2. China (64.0 billion USD)

3. United Arab Emirates (32.2 billion USD)

4. China, Hong Kong SAR (29.5 billion USD)

5. India (22.9 billion USD)

6. United Kingdom (19.8 billion USD)

7. USA (16.5 billion USD)

8. Turkey (6.5 billion USD)

9. Canada (5.6 billion USD)

10. Spain (0.2 billion USD)

Gold Imports By Country

In 2016, Switzerland (2.7K tonnes), distantly followed by China (1.6K tonnes), China, Hong Kong SAR (1K tonnes), United Arab Emirates (971 tonnes), India (662 tonnes), and the UK (526 tonnes) represented the major importers of gold, together committing 73% of total imports. The following importers - the U.S. (410 tonnes), Canada (408 tonnes), Spain (239 tonnes), and Turkey (178 tonnes) together made up 12% of total imports.

From 2007 to 2016, the most notable growth rate of gold imports, among the main importing countries, was attained by China (+33.0% per year), while the other global leaders experienced more modest paces of growth.

In value terms, Switzerland ($83B), China ($64B) and United Arab Emirates ($32B) constituted the countries with the highest levels of imports in 2016, with a combined 55% share of global imports.

China (+55.0% per year) experienced the highest rates of growth with regard to the gold imports, in terms of the main importing countries, over the last 9 years, while the other global leaders experienced more modest paces of growth.

Gold Import Prices By Country

In 2016, the average import price for gold amounted to $31K per kg, moving up by 5% against the previous year. Overall, gold import price continues to indicate a modest increase. The most prominent rate of growth was recorded in 2011, an increase of 18% y-o-y. Global gold import peaked of $41K per kg in 2012- however, from 2013 to 2016, it failed to regain its strength.

Import prices varied noticeably by country of destination. the country with the highest import prices was China ($40K per kg), while Spain ($817 per kg) was among the lowest.

From 2007 to 2016, the most notable growth rate of gold import prices was attained by China (+16.5% per year), while the other global leaders experienced more modest paces of growth.

Do you want to know more about global gold market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • gold market share
  • gold prices
  • gold industry
  • gold sales
  • gold import
  • gold export
  • gold market forecast
  • gold price forecast
  • key gold producers

All data provided in this article covers the following product: HS Code 7108 - Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form.

Source: World: Gold Including Gold Plated With Platinum - Market Report. Analysis and Forecast to 2025