Gold in Saudi Arabia | The Observatory of Economic Complexity

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Exports In 2023, Saudi Arabia exported $1.3B in Gold, making it the 52nd 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: United Arab Emirates ($459M), Switzerland ($447M), India ($353M), China ($12.6M), and Malaysia ($12.6M).

The fastest growing export markets for Gold of Saudi Arabia between 2022 and 2023 were India ($159M), Switzerland ($5.95M), and Turkey ($5.55M).

Imports In 2023, Saudi Arabia imported $7.24B in Gold, becoming the 12th largest importer of Gold in the world. At the same year, Gold was the 3rd most imported product in Saudi Arabia. Saudi Arabia imports Gold primarily from: Switzerland ($4.52B), United Arab Emirates ($2.63B), South Africa ($66.5M), United States ($10.8M), and Austria ($3.4M).

The fastest growing import markets in Gold for Saudi Arabia between 2022 and 2023 were Switzerland ($1.76B), United Arab Emirates ($283M), and Oman ($2.84M).

Dec 2024

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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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Trade Value

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Growth (%)

Year

EXPORTS (2023)$1.3B

IMPORTS (2023)$7.24B

NET TRADE (2023)-$5.94B

In 2023, Saudi Arabia exported $1.3B in Gold. The main destinations of Saudi Arabia exports on Gold were United Arab Emirates ($459M), Switzerland ($447M), India ($353M), China ($12.6M), and Malaysia ($12.6M).

In 2023, Saudi Arabia imported $7.24B in Gold, mainly from Switzerland ($4.52B), United Arab Emirates ($2.63B), South Africa ($66.5M), United States ($10.8M), and Austria ($3.4M).