2021
Exports | Imports
$1.84B | $5.65BWorld Rnk 54 / 225
Flag Rnk 8 / 21
World Rnk 23 / 225
Flag Rnk 11 / 21
2021
ECONOMIC COMPLEXITY of Saudi Arabia
0.9Rnk 31 / 131
2021
PRODUCT COMPLEXITY IN Precious Metals
0.57Rnk 334 / 1024

About

Exports In 2021, Saudi Arabia exported $1.84B in Precious Metals, making it the 54th largest exporter of Precious Metals in the world. At the same year, Precious Metals was the 8th most exported product in Saudi Arabia. The main destination of Precious Metals exports from Saudi Arabia are: Switzerland ($686M), United Arab Emirates ($569M), India ($129M), Germany ($110M), and Australia ($90M).

The fastest growing export markets for Precious Metals of Saudi Arabia between 2020 and 2021 were Switzerland ($183M), India ($66M), and Germany ($56.9M).

Imports In 2021, Saudi Arabia imported $5.65B in Precious Metals, becoming the 23rd largest importer of Precious Metals in the world. At the same year, Precious Metals was the 11th most imported product in Saudi Arabia. Saudi Arabia imports Precious Metals primarily from: United Arab Emirates ($3.77B), Switzerland ($827M), United Kingdom ($320M), South Africa ($261M), and China ($135M).

The fastest growing import markets in Precious Metals for Saudi Arabia between 2020 and 2021 were United Arab Emirates ($2.61B), Switzerland ($659M), and United Kingdom ($288M).

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 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 (2021)$1.84B
IMPORTS (2021)$5.65B
NET TRADE (2021)-$3.8B

In 2021, Saudi Arabia exported $1.84B in Precious Metals. The main destinations of Saudi Arabia exports on Precious Metals were Switzerland ($686M), United Arab Emirates ($569M), India ($129M), Germany ($110M), and Australia ($90M).

In 2021, Saudi Arabia imported $5.65B in Precious Metals, mainly from United Arab Emirates ($3.77B), Switzerland ($827M), United Kingdom ($320M), South Africa ($261M), and China ($135M).

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Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Precious Metals EXPORT MARKETS FOR Saudi Arabia WERE (2020 - 2021):
Switzerland$183M (36.5%)
India$66M (105%)
Germany$56.9M (108%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metals BY Saudi Arabia WERE (2020 - 2021):
United Arab Emirates-$730M (-56.2%)
Australia-$250M (-73.5%)
Italy-$45.2M (-92%)

Change in Exports by Market (2020 - 2021)

Market Concentration

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

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Trade Value of Precious Metals by Exporters

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