2021
Exports | Imports
$1.17B | $3.65BWorld Rnk 47 / 172
Flag Rnk 14 / 1142
World Rnk 18 / 176
Flag Rnk 4 / 1208
2021
ECONOMIC COMPLEXITY of Saudi Arabia
0.9Rnk 31 / 131
2021
PRODUCT COMPLEXITY IN Gold
-2.48Rnk 1018 / 1024

About

Exports In 2021, Saudi Arabia exported $1.17B in Gold, making it the 47th largest exporter of Gold in the world. At the same year, Gold was the 14th most exported product in Saudi Arabia. The main destination of Gold exports from Saudi Arabia are: United Arab Emirates ($501M), Switzerland ($420M), India ($107M), Australia ($89.6M), and Malaysia ($21.4M).

The fastest growing export markets for Gold of Saudi Arabia between 2020 and 2021 were India ($44.9M), Switzerland ($32M), and Malaysia ($14.2M).

Imports In 2021, Saudi Arabia imported $3.65B in Gold, becoming the 18th 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 ($2.96B), Switzerland ($415M), South Africa ($261M), Austria ($9.38M), and Lebanon ($3.97M).

The fastest growing import markets in Gold for Saudi Arabia between 2020 and 2021 were United Arab Emirates ($2.16B), Switzerland ($318M), and Austria ($9.23M).

Latest Trends

Dec 2023

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Gold. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2021)$1.17B
IMPORTS (2021)$3.65B
NET TRADE (2021)-$2.49B

In 2021, Saudi Arabia exported $1.17B in Gold. The main destinations of Saudi Arabia exports on Gold were United Arab Emirates ($501M), Switzerland ($420M), India ($107M), Australia ($89.6M), and Malaysia ($21.4M).

In 2021, Saudi Arabia imported $3.65B in Gold, mainly from United Arab Emirates ($2.96B), Switzerland ($415M), South Africa ($261M), Austria ($9.38M), and Lebanon ($3.97M).

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Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Gold EXPORT MARKETS FOR Saudi Arabia WERE (2020 - 2021):
India$44.9M (72.1%)
Switzerland$32M (8.26%)
Malaysia$14.2M (197%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY Saudi Arabia WERE (2020 - 2021):
United Arab Emirates-$701M (-58.3%)
Australia-$249M (-73.6%)
United States-$17.4M (-100%)

Change in Exports by Market (2020 - 2021)

Market Concentration

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Flow
Type
In 2021, Saudi Arabia's main exporting competitors in Gold were:
In 2021, Saudi Arabia's main importing competitors in Gold were:

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Trade Value of Gold by Exporters

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