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Top 10 gold exporting countries of the world

Last updated on: July 01, 2014 19:57 IST

Image: A model displays gold jewellery.
Photographs: Jamal Saidi/Reuters. Rediff Business Desk

In recent times, price of no other thing has inflated as much as that of precious metals. Such has been the price escalation that one almost tends to forget that gold used to cost about Rs 6,500 per 10 grams in 2000.

A country’s economic strength is measured by the amount of gold it exports.

In 2013, the world gold exports were $283 billion approximately.

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Top 10 gold exporting countries of the world

Image: A gold Combibar.
Photographs: Michael Buholzer/Reuters

1. Hong Kong

  • Total gold exports: $49.9 billion
  • 18.6% of world gold exports

Hong Kong is the third most important leading international financial centre, after London and New York City.

 . . .

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Top 10 gold exporting countries of the world

Image: Gold jewellery on a stand.
Photographs: Alessandro Garofalo/Reuters

2. USA

  • Total gold exports: $33.7 billion
  • 12.6% of world gold exports

The United States is the largest importer of goods and third largest exporter, though exports per capita are relatively low.

. . .

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Top 10 gold exporting countries of the world

Image: Gold bars and granules.
Photographs: Heinz-Peter Bader/Reuters

3. Australia

  • Total gold exports: $16 billion
  • 6% of world gold exports

Australia is the world's thirteenth largest economy and has the world's seventh-highest per capita income.

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Top 10 gold exporting countries of the world

Image: A member of Sotheby's staff holds a 14th century central Asian gold cup with an estimated value of $48,600-$81,000.
Photographs: Paul Hackett/Reuters

4. Canada

  • Total gold exports: $15.3 billion
  • 5.7% of world gold exports

Canada is one of the world's wealthiest nations, with a high per-capita income.

It is a member of the Organisation for Economic Co-operation and Development and the G8.

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Top 10 gold exporting countries of the world

Image: An employee of a gold manufacturing company holds a gold piece, each weighing 100 grams.
Photographs: Beawiharta Beawiharta/Reuters

5. United Arab Emirates

  • Total gold exports: $14.7 billion
  • 5.5% of world gold exports

The country is the world's largest oil exporter. It figured in the National Power Index list of 20 most powerful countries.

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Top 10 gold exporting countries of the world

Image: Jewellery made from gold is laid out at a factory.
Photographs: Vasily Fedosenko/Reuters

6. Turkey

  • Total gold exports: $13.3 billion
  • 5% of world gold exports

Turkey has the world's 15th largest GDP by PPP and 17th largest nominal GDP.

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Top 10 gold exporting countries of the world

Image: An ingot of 99.99 per cent pure gold that weighs 12.5 kg.
Photographs: Eliseo Fernandez/Reuters

7. Italy

  • Total gold exports: $10.2 billion
  • 3.8% of world gold exports

Italy has a market economy characterised by high per capita GDP and low unemployment rates.

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Top 10 gold exporting countries of the world

Image: Gold bangles on display.
Photographs: Murad Sezer/Reuters

8. Peru

  • Total gold exports: $9.7 billion
  • 3.6% of world gold exports

It is a developing country with a market-oriented economy.

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Top 10 gold exporting countries of the world

Image: Vacuum-packed gold bars of 100 grams are placed on a table.
Photographs: Pascal Lauener/Reuters

9. Germany

  • Total gold exports: $9.5 billion
  • 3.5% of world gold exports

Germany has the world's fourth-largest economy by nominal GDP and the fifth-largest by purchasing power parity.

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Top 10 gold exporting countries of the world

Image: Figurines in 24K gold are displayed.
Photographs: Bobby Yip/Reuters

10. South Africa

  • Total gold exports: $8.7 billion
  • 3.2% of world gold exports

It has the largest economy in Africa, and the 28th-largest in the world. 

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