2022
Exports
$1.16BWorld Rnk 50 / 176
Flag Rnk 15 / 1100
2022
PRODUCT COMPLEXITY IN Gold
-2.43Rnk 1016 / 1025
2022
Imports
$5.22BWorld Rnk 17 / 178
Flag Rnk 3 / 1197
2022
ECONOMIC COMPLEXITY of Saudi Arabia
0.78Rnk 35 / 133

About

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).

Latest Trends

Sep 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 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 (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).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gold EXPORT MARKETS FOR Saudi Arabia WERE (2021 - 2022):
India$88.8M (82.8%)
Nepal$22.5M (1.53k%)
Switzerland$21.7M (5.18%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY Saudi Arabia WERE (2021 - 2022):
Australia-$89.6M (-100%)
United Arab Emirates-$24M (-4.79%)
China-$14.3M (-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 Gold were:
In 2022, Saudi Arabia's main importing competitors in Gold were:

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Trade Value of Gold by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $182M
TOP IMPORT POTENTIALAustria+ $20M

Gold’s highest export potential is India. With an export gap of $182M.   Gold’s highest import potential is Austria with an import gap of $20M.

See methodology.

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