Nonmonetary gold explains nearly half of the 2025 rise in U.S. goods exports

Change in U.S. goods exports, 2024 to 2025, constant 2024 dollars

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Source: Census International Trade Data.

Note: Gold exports rose $25.3 billion in 2025, out of a $55.6 billion increase in total goods exports — 45.5 percent of the increase was due to gold.