2023
Exports
$1.8BWorld Rnk 56 / 221
Flag Rnk 9 / 96
2023
PRODUCT COMPLEXITY IN Precious stones, metals, & pearls
0.86Rnk 225 / 1025
2023
Imports
$8.6BWorld Rnk 17 / 223
Flag Rnk 5 / 96
2023
ECONOMIC COMPLEXITY of Saudi Arabia
0.76Rnk 36 / 132

About

Exports In 2023, Saudi Arabia exported $1.8B in Precious stones, metals, & pearls, making it the 56th largest exporter of Precious stones, metals, & pearls in the world. At the same year, Precious stones, metals, & pearls was the 9th most exported product in Saudi Arabia. The main destination of Precious stones, metals, & pearls exports from Saudi Arabia are: Switzerland ($588M), United Arab Emirates ($535M), India ($361M), Germany ($166M), and United Kingdom ($28.9M).

The fastest growing export markets for Precious stones, metals, & pearls of Saudi Arabia between 2022 and 2023 were India ($161M), Italy ($12M), and Hong Kong ($9.31M).

Imports In 2023, Saudi Arabia imported $8.6B in Precious stones, metals, & pearls, becoming the 17th largest importer of Precious stones, metals, & pearls in the world. At the same year, Precious stones, metals, & pearls was the 5th most imported product in Saudi Arabia. Saudi Arabia imports Precious stones, metals, & pearls primarily from: Switzerland ($4.64B), United Arab Emirates ($3B), China ($193M), India ($182M), and United States ($103M).

The fastest growing import markets in Precious stones, metals, & pearls for Saudi Arabia between 2022 and 2023 were Switzerland ($1.6B), Turkey ($48.5M), and China ($47.5M).

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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 stones, metals, & pearls. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$1.8B
IMPORTS (2023)$8.6B
NET TRADE (2023)-$6.8B

In 2023, Saudi Arabia exported $1.8B in Precious stones, metals, & pearls. The main destinations of Saudi Arabia exports on Precious stones, metals, & pearls were Switzerland ($588M), United Arab Emirates ($535M), India ($361M), Germany ($166M), and United Kingdom ($28.9M).

In 2023, Saudi Arabia imported $8.6B in Precious stones, metals, & pearls, mainly from Switzerland ($4.64B), United Arab Emirates ($3B), China ($193M), India ($182M), and United States ($103M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious stones, metals, & pearls EXPORT MARKETS FOR Saudi Arabia WERE (2022 - 2023):
India$161M (80.5%)
Italy$12M (85.6%)
Hong Kong$9.31M (115%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious stones, metals, & pearls BY Saudi Arabia WERE (2022 - 2023):
Germany-$404M (-70.8%)
Singapore-$27.1M (-85%)
United Arab Emirates-$25.3M (-4.52%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Saudi Arabia's main exporting competitors in Precious stones, metals, & pearls were:
In 2023, Saudi Arabia's main importing competitors in Precious stones, metals, & pearls were:

Explore Visualizations

Trade Value of Precious stones, metals, & pearls by Exporters

Potential Exports

Potential Exports

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

Precious stones, metals, & pearls’s highest export potential is United Arab Emirates. With an export gap of $197M.   Precious stones, metals, & pearls’s highest import potential is India with an import gap of $94.3M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with