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Visualizing Gold Consumption vs. Domestic Supply

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See this visualization first on the Voronoi app.

This graphic compares gold demand versus domestic gold production in ten selected countries.

Visualizing Gold Consumption vs. Domestic Supply

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

While India and China dominate the demand for gold, both countries face different scenarios when comparing supply gaps.

With its huge jewelry industry, India’s consumption is 50 times higher than its domestic supply. Meanwhile, China produces more than one-third of the gold it demands.

This graphic compares gold demand (in tonnes) versus domestic gold production in 10 selected countries. The data comes from the World Gold Council and was compiled by The Gold Bullion Company as of 2023.

India’s Massive Gold Market

Gold holds a central role in India’s culture, considered a store of value, a symbol of wealth and status, and a fundamental part of many rituals. The metal is especially auspicious in Hindu and Jain cultures.

With a population of over a billion, India tops our ranking with substantial gold demand, primarily for jewelry and gold bars.

CountryGold Production in Tonnes (2023)Gold Consumer Demand Deficit or Surplus
🇮🇳 India15748-733
🇨🇳 China378910-532
🇹🇷 Turkey37202-165
🇺🇸 United States167249-82
🇧🇷 Brazil861769
🇮🇩 Indonesia1334588
🇲🇽 Mexico12715112
🇨🇦 Canada19224168
🇷🇺 Russia32271251
🇦🇺 Australia29424270

China ranks second, with demand driven primarily by gold’s role as a store of value, especially by the People’s Bank of China. Central banks seek gold as a hedge against inflation and currency devaluation. Since 2022, the People’s Bank of China has increased its gold reserves by 316 tonnes.

In third place for gold demand, the U.S. consumed 249 tonnes in 2023, against a domestic supply of 167 tonnes.

Turkey ranks fourth, with mine production in 2023 at 37 tonnes, which is five times lower than its demand of 202 tonnes.

Learn More on the Voronoi App 

To learn more about gold, check out this graphic that shows the value of gold bars in various sizes (as of Aug. 21, 2024).

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Real Assets

How Much Gold is in Fort Knox?

The United States Bullion Depository holds more than half of the Treasury’s $428B in gold reserves.

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In this graphic we compare Fort Knox’s gold reserves with central bank gold reserves worldwide.

How Much Gold Is in Fort Knox?

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

U.S. President Donald Trump has promised to visit Fort Knox “to make sure the gold is there.”

Officially, the United States Bullion Depository (commonly known as Fort Knox) holds over half of the Treasury’s $428 billion gold reserves.

In this graphic, we put that amount into perspective by comparing Fort Knox’s reserves with central bank gold reserves worldwide. The data comes from the U.S. Mint and the World Gold Council. For illustrative purposes, we considered a pallet of 1,190 gold bars (400 troy ounces each) weighing approximately 14.8 tonnes.

What Is Fort Knox?

Located in Kentucky, Fort Knox is a U.S. Army installation that serves as the primary storage site for America’s gold reserves. The facility was established in the 1930s to protect gold from potential foreign attacks.

The first gold shipment arrived in 1937 via U.S. Mail from the Philadelphia Mint and the New York Assay Office. During World War II, Fort Knox safeguarded important U.S. documents, including the Declaration of Independence, the Constitution, and the Bill of Rights. It has also housed international treasures, such as the Magna Carta and the crown, sword, scepter, orb, and cape of St. Stephen, King of Hungary, before they were returned in 1978.

Currently, it holds 4,175 tonnes of gold, equivalent to nearly half of China’s gold reserves and four times the Swiss central bank’s reserves.

ReservesGold (Tonnes)
🇺🇸 U.S. Reserves8,133
🏛️ Fort Knox4,175
🇨🇳 China2,280
🇯🇵 Japan846
🇨🇭 Switzerland1,040
🇮🇳 India876
🇰🇷 South Korea104
🇸🇬 Singapore220
🇧🇷 Brazil130
🇲🇽 Mexico120
🇹🇭 Thailand235

Only small samples have been removed for purity testing during audits; no major transfers have occurred for years.

Gold Bar Specifications

  • Size: 7 inches × 3 5/8 inches × 1 3/4 inches
  • Weight: 400 ounces (27.5 pounds)

Extreme Security

Only a select few know the full security procedures, and no single person knows how to fully open the vault.

In 1974, a group of journalists and a Congressional delegation were allowed inside—marking the first official visit since Fort Knox’s creation. Previously, President Franklin D. Roosevelt was the only person other than authorized personnel to access the vaults.

In 2017, Treasury Secretary Steve Mnuchin, Kentucky Governor Matt Bevin, and several Congressional representatives became the second group to visit the vault.

Learn More on the Voronoi App 

If gold was shared equally, how much would you get? Check out this graphic to find out.

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Charted: Top Suppliers of Aluminum and Steel to the U.S.

President Trump has imposed a 25% tariff on all steel and aluminum imports.

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Charted: Top U.S. Suppliers of Aluminum and Steel

Charted: Top U.S. Suppliers of Aluminum and Steel

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

U.S. President Donald Trump has imposed a 25% tariff on all steel and aluminum imports, marking one of the most discussed measures of his first month back in the White House.

But which countries are most affected by these tariffs?

This map illustrates the top suppliers of aluminum and steel to the United States in 2024. The data comes from the U.S. Census Bureau. Aluminum includes unwrought aluminum, plates, sheets, and strips; bars, rods, and profiles; foil; wire; pipes and tubes; castings and forgings; and tube or pipe fittings. 

Canada: The Largest Partner

Canada is by far the top supplier of both steel and aluminum to the United States. The neighboring country exported $9.4 billion worth of aluminum to the U.S. in 2024, significantly ahead of the second-largest exporter, the European Union, which exported $1.5 billion.

Canada also exported $7.1 billion worth of steel last year, compared to $7 billion from the European Union.

CountrySteel Imports (USD)Aluminum Imports (USD)
🇨🇦 Canada$7.1B$9.4B
🇲🇽 Mexico$3.5B$397M
🇧🇷 Brazil$3.0B-
🇨🇳 China$799M$809M
🇹🇼 Taiwan$1.3B-
🇰🇷 South Korea$2.9B$781M
🇩🇪 Germany$1.9B$318M
🇯🇵 Japan$1.7B-
🇮🇳 India$489M$445M
🇪🇺 European Union$7B$1.5B
🇦🇪 UAE-$917M
🇧🇭 Bahrain-$535M
🇦🇷 Argentina-$468M
🇹🇭 Thailand-$271M
🇬🇧 UK$440M-

Mexico, South Korea, and Brazil are also among the top suppliers of steel to the United States. Meanwhile, the country imports aluminum from other key partners, including China, the United Arab Emirates, South Korea, Bahrain, and Argentina.

A recent report by the Center for Strategic and International Studies (CSIS) noted that the U.S. produces less than 2% of the world’s primary aluminum.

Learn More on the Voronoi App 

If you enjoyed this graphic, be sure to check out this chart illustrating the GDP impact of Trump’s tariffs on China.

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