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2023
Exports $1.07BWorld Rnk 61 / 167
Flag Rnk 1 / 961
2023
Destination $67.3M Switzerland
2022 - 2023
FASTEST GROWING MARKET $67.3MUnited Arab Emirates
2023
PRODUCT COMPLEXITY IN Gold-2.5Rnk 1019 / 1025
2023
Imports $2.11MWorld Rnk 113 / 174
Flag Rnk 472 / 1148
2023
Origin $1.8M United Arab Emirates
2022 - 2023
FASTEST GROWING ORIGIN $1.8MUnited Arab Emirates
2023
ECONOMIC COMPLEXITY of Senegal-0.51Rnk 87 / 132

About

Exports In 2023, Senegal exported $1.07B in Gold, making it the 61st largest exporter of Gold in the world. At the same year, Gold was the 1st most exported product in Senegal. The main destination of Gold exports from Senegal are: Switzerland ($595M), United Arab Emirates ($244M), Australia ($228M), Turkey ($1.61M), and Italy ($1.51M).

The fastest growing export markets for Gold of Senegal between 2022 and 2023 were United Arab Emirates ($67.3M), Australia ($20.4M), and Turkey ($1.61M).

Imports In 2023, Senegal imported $2.11M in Gold, becoming the 113th largest importer of Gold in the world. At the same year, Gold was the 472nd most imported product in Senegal. Senegal imports Gold primarily from: United Arab Emirates ($2.09M) and Italy ($13.5k).

The fastest growing import markets in Gold for Senegal between 2022 and 2023 were United Arab Emirates ($1.8M) and Italy ($10.7k).

Latest Trends

Jan 2025

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 (2023)$1.07B
IMPORTS (2023)$2.11M
NET TRADE (2023)$1.07B

In 2023, Senegal exported $1.07B in Gold. The main destinations of Senegal exports on Gold were Switzerland ($595M), United Arab Emirates ($244M), Australia ($228M), Turkey ($1.61M), and Italy ($1.51M).

In 2023, Senegal imported $2.11M in Gold, mainly from United Arab Emirates ($2.09M) and Italy ($13.5k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Gold EXPORT MARKETS FOR Senegal WERE (2022 - 2023):
United Arab Emirates$67.3M (38.1%)
Australia$20.4M (9.84%)
Turkey$1.61M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY Senegal WERE (2022 - 2023):
Switzerland-$38.9M (-6.14%)
Italy-$308k (-17%)
Guinea-$50.4k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Senegal's main exporting competitors in Gold were:
Switzerland $109B
United Arab Emirates $46.8B
United Kingdom $33B
In 2023, Senegal's main importing competitors in Gold were:
Switzerland $111B
China $87.8B
United Arab Emirates $75.2B

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Trade Value of Gold by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Arab Emirates+ $48M
TOP IMPORT POTENTIALUnited Arab Emirates+ $604k

Gold’s highest export potential is United Arab Emirates. With an export gap of $48M.   Gold’s highest import potential is United Arab Emirates with an import gap of $604k.

See methodology.

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