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Who buys Egypt’s gold? Export destinations 2024

In 2024, Egypt exported $3.4 billion of gold (50 tonnes), 0.6% of the world total. The United Arab Emirates bought 61% of the total, followed by Switzerland (35%) and Turkey (3%). Egypt was the world’s 32nd-largest exporter of gold.

Summary

Value
$3.4billion
Tonnes
50tonnes
Share of world total
0.6%
World rank
32nd
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 8 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
United Arab Emirates2.1Tonnes: 31USD per tonne: $66,687,42261.1%Air
Switzerland1.2Tonnes: 18USD per tonne: $65,417,11635%Air
Turkey0.1Tonnes: 1USD per tonne: $77,433,4093%Air
Italy0.02Tonnes: 0USD per tonne: $76,423,6710.54%Air
Canada0.01Tonnes: 0USD per tonne: $75,840,2090.21%Air
Saudi Arabia< 0.01Tonnes: 0USD per tonne: $66,962,9820.11%Air
China< 0.01Tonnes: 0USD per tonne: $80,314,0000.01%Air
Jordan< 0.01Tonnes: 0USD per tonne: $70,043,6670.01%Air

Trend

Who it sells to

The United Arab Emirates has been its main destination since 2022

Value in USD billions. The five largest destinations in 2024.

  • United Arab Emirates 2.1
  • Switzerland 1.2
  • Turkey 0.1
  • Italy 0.02
  • Canada 0.01

Source: CEPII BACI

Show the numbers
Partner19952024
United Arab Emirates02.1
Switzerland01.2
Turkey00.1
Italy00.02
Canada00.01

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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