Gold in Saudi Arabia

EXPORTS (2018): $825M, World Rnk 46 / 166
Flag Rnk 15 / 1078

TOP DESTINATION (2018): $522M, Switzerland

FASTEST GROWING MARKET (2017 - 2018): $291M, Switzerland

IMPORTS (2018): $3.33B, World Rnk 17 / 142
Flag Rnk 4 / 1197

TOP ORIGIN (2018): $2.77B, United Arab Emirates

FASTEST GROWING ORIGIN (2017 - 2018): $2.77B, United Arab Emirates

ECONOMIC COMPLEXITY of Saudi Arabia (2018): 0.93, Rnk 27 / 137

Overview: This page contains the latest trade data of Gold in Saudi Arabia.

Exports: In 2018, Saudi Arabia exported $825M in Gold, making it the 46th largest exporter of Gold in the world. At the same year, Gold was the 15th most exported product in Saudi Arabia. The main destination of Gold exports from Saudi Arabia are: Switzerland ($522M), United Arab Emirates ($123M), Indonesia ($121M), Egypt ($22.1M), and Turkey ($18.1M).

The fastest growing export markets for Gold of Saudi Arabia between 2017 and 2018 were Switzerland ($291M), United Arab Emirates ($123M), and Indonesia ($103M).

Imports: In 2018, Saudi Arabia imported $3.33B in Gold, becoming the 17th largest importer of Gold in the world. At the same year, Gold was the 4th most imported product in Saudi Arabia. Saudi Arabia imports Gold primarily from: United Arab Emirates ($2.77B), Switzerland ($258M), South Africa ($144M), United Kingdom ($105M), and Egypt ($45.4M).

The fastest growing import markets in Gold for Saudi Arabia between 2017 and 2018 were United Arab Emirates ($2.77B), Switzerland ($184M), and South Africa ($144M).

Value

EXPORTS (2018): $825M

IMPORTS (2018): $3.33B

NET TRADE (2018): -$2.5B

In 2018, Saudi Arabia exported $825M in Gold. The main destinations of Saudi Arabia exports on Gold were Switzerland ($522M), United Arab Emirates ($123M), Indonesia ($121M), Egypt ($22.1M), and Turkey ($18.1M).

In 2018, Saudi Arabia imported $3.33B in Gold, mainly from United Arab Emirates ($2.77B), Switzerland ($258M), South Africa ($144M), United Kingdom ($105M), and Egypt ($45.4M).

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IN 2018, Saudi Arabia HAD A POSITIVE NET TRADE IN Gold WITH:

  • Switzerland, $263M ($522M - $258M)
  • Indonesia, $121M ($121M - $0)
  • Turkey, $17.4M ($18.1M - $687k)

IN 2018, Saudi Arabia HAD A NEGATIVE NET TRADE IN Gold WITH:

  • United Arab Emirates, -$2.65B ($123M - $2.77B)
  • South Africa, -$144M ($0 - $144M)
  • United Kingdom, -$105M ($0 - $105M)
Flow

THE FASTEST GROWING Gold EXPORT MARKETS FOR Saudi Arabia WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, Saudi Arabia's main exporting competitors in Gold were:

In 2018, Saudi Arabia's main importing competitors in Gold were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Gold in Saudi Arabia. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2017, the tariffs for Gold in the imports of Saudi Arabia were of 0% around the world.

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