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This table presents detailed data on the quantities and values of refined gold imported into the United States from various countries and localities. It breaks down imports into three categories: ores and concentrates, dore and precipitates, and refined bullion, providing a comprehensive view of the sources and forms in which gold enters the U.S. market. This information is crucial for understanding the supply chain dynamics of gold, which has significant economic and industrial implications. Gold imports affect domestic refining operations, influence market prices, and play a role in sectors such as electronics, jewelry, and investment. Monitoring these imports helps policymakers and industry stakeholders assess trade balances, resource dependencies, and the health of the precious metals market.
Analysis of the most recent data reveals that total U.S. imports of refined gold reached approximately 216,000 kilograms valued at $13.4 billion, marking a substantial increase from the 138,000 kilograms valued at $7.95 billion reported in 2022. Refined bullion dominates imports, accounting for 135,000 kilograms and $8.46 billion of the total, underscoring the U.S. reliance on fully processed gold. Canada remains the top source, supplying 85,800 kilograms valued at $5.39 billion, followed by Mexico with 34,600 kilograms worth $2.18 billion, and Colombia with 25,200 kilograms valued at $1.54 billion. Notably, imports of dore and precipitates have decreased from 82,300 kilograms in 2022 to 80,600 kilograms in 2023, while ores and concentrates imports dropped significantly from 1,740 kilograms to 473 kilograms. These shifts suggest a trend toward greater reliance on refined bullion over raw or semi-processed gold inputs, reflecting changes in global refining capacities and trade patterns.
| TABLE 6 | ||||||||||||||||||||
| U.S. IMPORTS FOR CONSUMPTION OF REFINED GOLD, BY COUNTRY OR LOCALITY1 | ||||||||||||||||||||
| (Kilograms, gold content, and thousand dollars) | ||||||||||||||||||||
| Ores and concentrates2 | Dore and precipitates | Refined bullion3 | Total | |||||||||||||||||
| Year and country or locality | Quantity | Value | Quantity | Value | Quantity | Value | Quantity | Value | ||||||||||||
| 2022 | 1740 | 19900 | 82300 | r | 4750000 | 53600 | 3180000 | 138000 | 7950000 | |||||||||||
| 2023: | ||||||||||||||||||||
| Argentina | -- | -- | 11500 | 708000 | -- | -- | 11500 | 708000 | ||||||||||||
| Australia | -- | -- | -- | -- | 6400 | 422000 | 6400 | 422000 | ||||||||||||
| Belgium | -- | -- | -- | -- | 1380 | 87200 | 1380 | 87200 | ||||||||||||
| Bolivia | -- | -- | 36 | 2120 | -- | -- | 36 | 2120 | ||||||||||||
| Brazil | -- | -- | 2100 | 128000 | 1550 | 95700 | 3650 | 224000 | ||||||||||||
| Canada | 454 | 5170 | 2970 | 186000 | 82300 | 5200000 | 85800 | 5390000 | ||||||||||||
| Chile | -- | -- | 983 | 55900 | 886 | 53600 | 1870 | 110000 | ||||||||||||
| Colombia | 19 | 432 | 18900 | 1170000 | 6230 | 376000 | 25200 | 1540000 | ||||||||||||
| Costa Rica | -- | -- | 515 | 22600 | 261 | 12900 | 775 | 35600 | ||||||||||||
| Dominican Republic | -- | -- | 1330 | 82400 | 72 | 4240 | 1400 | 86600 | ||||||||||||
| Ecuador | -- | -- | 4530 | 278000 | 271 | 16500 | 4800 | 294000 | ||||||||||||
| Egypt | -- | -- | 1020 | 52700 | -- | -- | 1020 | 52700 | ||||||||||||
| France | -- | -- | (4) | 4 | 281 | 17600 | 281 | 17600 | ||||||||||||
| Germany | -- | -- | 6 | 235 | 920 | 56800 | 926 | 57100 | ||||||||||||
| Guatemala | -- | -- | 137 | 6780 | -- | -- | 137 | 6780 | ||||||||||||
| Guinea | -- | -- | 56 | 2520 | 2 | 102 | 57 | 2620 | ||||||||||||
| Guyana | -- | -- | 564 | 31700 | -- | -- | 564 | 31700 | ||||||||||||
| Honduras | -- | -- | 2090 | 130000 | -- | -- | 2090 | 130000 | ||||||||||||
| Hong Kong | -- | -- | -- | -- | 357 | 22000 | 357 | 22000 | ||||||||||||
| Hungary | -- | -- | 15 | 585 | -- | -- | 15 | 585 | ||||||||||||
| Italy | -- | -- | -- | -- | 242 | 15400 | 242 | 15400 | ||||||||||||
| Japan | -- | -- | -- | -- | 1120 | 70200 | 1120 | 70200 | ||||||||||||
| Kenya | -- | -- | 10 | 550 | 3 | 148 | 13 | 698 | ||||||||||||
| Mali | -- | -- | 40 | 1600 | 11 | 495 | 51 | 2100 | ||||||||||||
| Mexico | -- | -- | 27000 | 1710000 | 7650 | 473000 | 34600 | 2180000 | ||||||||||||
| New Zealand | -- | -- | -- | -- | 75 | 4760 | 75 | 4760 | ||||||||||||
| Nicaragua | -- | -- | 4800 | 295000 | 1340 | 69300 | 6140 | 364000 | ||||||||||||
| Panama | -- | -- | 66 | 4080 | 337 | 17300 | 403 | 21400 | ||||||||||||
| Paraguay | -- | -- | 216 | 13100 | -- | -- | 216 | 13100 | ||||||||||||
| Peru | -- | -- | 1610 | 100000 | 472 | 23600 | 2080 | 124000 | ||||||||||||
| Philippines | -- | -- | -- | -- | 2040 | 132000 | 2040 | 132000 | ||||||||||||
| South Africa | -- | -- | -- | -- | 14600 | 928000 | 14600 | 928000 | ||||||||||||
| Spain | -- | -- | -- | -- | 50 | 3120 | 50 | 3120 | ||||||||||||
| Switzerland | -- | -- | -- | -- | 5190 | 313000 | 5190 | 313000 | ||||||||||||
| Turkey | -- | -- | -- | -- | 449 | 28200 | 449 | 28200 | ||||||||||||
| United Arab Emirates | -- | -- | (4) | 3 | 38 | 2280 | 38 | 2280 | ||||||||||||
| United Kingdom | -- | -- | 2 | 98 | 152 | 9280 | 154 | 9370 | ||||||||||||
| Uzbekistan | -- | -- | -- | -- | 25 | 1550 | 25 | 1550 | ||||||||||||
| Venezuela | -- | -- | -- | -- | 48 | 2620 | 48 | 2620 | ||||||||||||
| Zimbabwe | -- | -- | -- | -- | 25 | 1550 | 25 | 1550 | ||||||||||||
| Other | (4) | 3 | 32 | 1690 | 39 | 2360 | 71 | 4050 | ||||||||||||
| Total | 473 | 5610 | 80600 | 4980000 | 135000 | 8460000 | 216000 | 13400000 | ||||||||||||
rRevised. --Zero.
1Table includes data available through August 6, 2024. Data are rounded to no more than three significant digits; may not add to totals shown.
2Includes base-metal ores, concentrates, and matte destined for refining.
3Bullion also moves in both directions between U.S. markets and foreign stocks on deposit in the Federal Reserve Bank. Monetary gold is excluded.
4Less than ½ unit.
Source: U.S. Census Bureau.
Source: United States Geological Survey Mineral Resources Program
See also: Gold statistics | Mineral commodity prices