Gold in Saudi Arabia | The Observatory of Economic Complexity

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Exports In 2022, Saudi Arabia exported $1.16B in Gold, making it the 50th 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 ($478M), Switzerland ($441M), India ($196M), Nepal ($24M), and Malaysia ($9.6M).

The fastest growing export markets for Gold of Saudi Arabia between 2021 and 2022 were India ($88.8M), Nepal ($22.5M), and Switzerland ($21.7M).

Imports In 2022, Saudi Arabia imported $5.22B in Gold, becoming the 17th 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 ($2.8B), United Arab Emirates ($2.4B), Austria ($27M), Jordan ($116k), and France ($92.2k).

The fastest growing import markets in Gold for Saudi Arabia between 2021 and 2022 were Switzerland ($2.38B), Austria ($17.6M), and Jordan ($116k).

Oct 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 (2022)$1.16B

IMPORTS (2022)$5.22B

NET TRADE (2022)-$4.06B

In 2022, Saudi Arabia exported $1.16B in Gold. The main destinations of Saudi Arabia exports on Gold were United Arab Emirates ($478M), Switzerland ($441M), India ($196M), Nepal ($24M), and Malaysia ($9.6M).

In 2022, Saudi Arabia imported $5.22B in Gold, mainly from Switzerland ($2.8B), United Arab Emirates ($2.4B), Austria ($27M), Jordan ($116k), and France ($92.2k).