2022
Exports
$2.07BWorld Rnk 48 / 220
Flag Rnk 6 / 21
2022
PRODUCT COMPLEXITY IN Precious Metals
0.58Rnk 328 / 1025
2022
Imports
$7.6BWorld Rnk 21 / 225
Flag Rnk 10 / 21
2022
ECONOMIC COMPLEXITY of Saudi Arabia
0.78Rnk 35 / 133

About

Exports In 2022, Saudi Arabia exported $2.07B in Precious Metals, making it the 48th largest exporter of Precious Metals in the world. At the same year, Precious Metals was the 6th most exported product in Saudi Arabia. The main destination of Precious Metals exports from Saudi Arabia are: Switzerland ($595M), Germany ($569M), United Arab Emirates ($548M), India ($202M), and Singapore ($31.9M).

The fastest growing export markets for Precious Metals of Saudi Arabia between 2021 and 2022 were Germany ($460M), India ($74.9M), and Nepal ($22M).

Imports In 2022, Saudi Arabia imported $7.6B in Precious Metals, becoming the 21st largest importer of Precious Metals in the world. At the same year, Precious Metals was the 10th most imported product in Saudi Arabia. Saudi Arabia imports Precious Metals primarily from: United Arab Emirates ($3.77B), Switzerland ($3.12B), United Kingdom ($241M), China ($99.4M), and United States ($90.3M).

The fastest growing import markets in Precious Metals for Saudi Arabia between 2021 and 2022 were Switzerland ($2.29B), United States ($49.8M), and Turkey ($22.5M).

Latest Trends

Oct 2024

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 Precious Metals. 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 (2022)$2.07B
IMPORTS (2022)$7.6B
NET TRADE (2022)-$5.54B

In 2022, Saudi Arabia exported $2.07B in Precious Metals. The main destinations of Saudi Arabia exports on Precious Metals were Switzerland ($595M), Germany ($569M), United Arab Emirates ($548M), India ($202M), and Singapore ($31.9M).

In 2022, Saudi Arabia imported $7.6B in Precious Metals, mainly from United Arab Emirates ($3.77B), Switzerland ($3.12B), United Kingdom ($241M), China ($99.4M), and United States ($90.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Metals EXPORT MARKETS FOR Saudi Arabia WERE (2021 - 2022):
Germany$460M (420%)
India$74.9M (58.8%)
Nepal$22M (1.09k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metals BY Saudi Arabia WERE (2021 - 2022):
Switzerland-$90.7M (-13.2%)
Australia-$90M (-100%)
Sudan-$49.4M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Saudi Arabia's main exporting competitors in Precious Metals were:
In 2022, Saudi Arabia's main importing competitors in Precious Metals were:

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Trade Value of Precious Metals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Arab Emirates+ $197M
TOP IMPORT POTENTIALIndia+ $94.3M

Precious Metals’s highest export potential is United Arab Emirates. With an export gap of $197M.   Precious Metals’s highest import potential is India with an import gap of $94.3M.

See methodology.

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