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Where does Saudi Arabia get its gold? Import sources 2024

In 2024, Saudi Arabia imported $8.1 billion of gold (108 tonnes), 1.5% of the world total. Switzerland sold 60% of the total, followed by the United Arab Emirates (35%) and South Africa (3%). Saudi Arabia was the world’s 13th-largest importer of gold.

Summary

Value
$8.1billion
Tonnes
108tonnes
Share of world total
1.5%
World rank
13th
Routes from the main sources. Width: value; color: estimated transport mode.SeaAirLand

Sources

The 20 main sources in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
Switzerland4.9Tonnes: 64USD per tonne: $76,324,38760.3%Air
United Arab Emirates2.8Tonnes: 39USD per tonne: $73,045,90635%Land
South Africa0.28Tonnes: 4USD per tonne: $71,951,7433.4%Air
China0.05Tonnes: 1USD per tonne: $85,587,0770.67%Air
Hong Kong re-exports0.02Tonnes: 0USD per tonne: $80,000,9520.2%Air
United States0.01Tonnes: 0USD per tonne: $42,848,4560.13%Air
Canada0.01Tonnes: 0USD per tonne: $33,346,9690.07%Air
Austria< 0.01Tonnes: 0USD per tonne: $52,116,7160.05%Air
Egypt< 0.01Tonnes: 0USD per tonne: $66,962,9820.05%Air
Australia< 0.01Tonnes: 0USD per tonne: $78,880,2980.05%Air
Germany< 0.01Tonnes: 0USD per tonne: $16,266,1590.04%Air
Japan< 0.01Tonnes: 0USD per tonne: $75,754,6000.01%Air
Oman< 0.01Tonnes: 0USD per tonne: $399,611,0000%Land
India< 0.01Tonnes: 0USD per tonne: $36,035,5560%Air
United Kingdom< 0.01Tonnes: 0USD per tonne: $2,242,3330%Air
Jordan< 0.01Tonnes: 0USD per tonne: $153,515,0000%Land
Italy< 0.01Tonnes: 0USD per tonne: $2,152,2450%Air
France< 0.01Tonnes: 0USD per tonne: $9,397,0910%Air
Brazil< 0.01Tonnes: 0USD per tonne: $70,159,0000%Air
Qatar< 0.01Tonnes: —USD per tonne: —0%Land

Trend

Who it buys from

Switzerland has been its main source since 2022

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

  • Switzerland 4.9
  • United Arab Emirates 2.8
  • South Africa 0.28
  • China 0.05
  • Hong Kong 0.02

Source: CEPII BACI

Show the numbers
Partner19952024
Switzerland0.624.9
United Arab Emirates< 0.012.8
South Africa< 0.010.28
China00.05
Hong Kong00.02

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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