Gold in United Arab Emirates | The Observatory of Economic Complexity

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Exports In 2022, United Arab Emirates exported $32.8B in Gold, making it the 3rd largest exporter of Gold in the world. At the same year, Gold was the 3rd most exported product in United Arab Emirates. The main destination of Gold exports from United Arab Emirates are: Switzerland ($8.29B), Hong Kong ($5.92B), Turkey ($3.41B), India ($3.22B), and Kuwait ($2.63B).

The fastest growing export markets for Gold of United Arab Emirates between 2021 and 2022 were Turkey ($1.89B), Kuwait ($1.73B), and Iraq ($904M).

Imports In 2022, United Arab Emirates imported $57.1B in Gold, becoming the 3rd largest importer of Gold in the world. At the same year, Gold was the 1st most imported product in United Arab Emirates. United Arab Emirates imports Gold primarily from: Mali ($5.57B), Russia ($5.36B), Ghana ($4.68B), United Kingdom ($4.5B), and Zimbabwe ($4.46B).

The fastest growing import markets in Gold for United Arab Emirates between 2021 and 2022 were Russia ($5.28B), Ghana ($2.98B), and United Kingdom ($2.06B).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Gold from United Arab Emirates to the United States.

Latest Trends

Feb 2024

Subnational Monthly Trade

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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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Historical Data

Trade Balance

Color

Trade Value

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Growth (%)

Year

EXPORTS (2022)$32.8B

IMPORTS (2022)$57.1B

NET TRADE (2022)-$24.3B

In 2022, United Arab Emirates exported $32.8B in Gold. The main destinations of United Arab Emirates exports on Gold were Switzerland ($8.29B), Hong Kong ($5.92B), Turkey ($3.41B), India ($3.22B), and Kuwait ($2.63B).

In 2022, United Arab Emirates imported $57.1B in Gold, mainly from Mali ($5.57B), Russia ($5.36B), Ghana ($4.68B), United Kingdom ($4.5B), and Zimbabwe ($4.46B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow

Exports

Imports

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Ending

THE FASTEST GROWING Gold EXPORT MARKETS FOR United Arab Emirates WERE (2021 - 2022):

Turkey$1.89B (124%)

Kuwait$1.73B (193%)

Iraq$904M (7.56k%)

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY United Arab Emirates WERE (2021 - 2022):

India-$3.81B (-54.2%)

Italy-$874M (-73.6%)

Hong Kong-$620M (-9.48%)

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Change in Exports by Market (2021 - 2022)

Market Concentration

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In 2022, United Arab Emirates's main exporting competitors in Gold were:

Switzerland $101B

United States $37.5B

In 2022, United Arab Emirates's main importing competitors in Gold were:

Switzerland $94.9B

China $67.6B

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Latest Trends

Subnational Monthly Trade

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Historical Data

Trade Balance

Export Destinations (2022)

Import Origins (2022)

Market Growth

Change in Exports by Market (2021 - 2022)

Market Concentration

Trade Value of Gold by Exporters

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