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Who buys the United Arab Emirates’ gold? Export destinations 2024

In 2024, the United Arab Emirates exported $58.7 billion of gold (749 tonnes), 10.6% of the world total. Its main destinations were India (27%), Hong Kong (27%) and Switzerland (21%). The United Arab Emirates was the world’s 2nd-largest exporter of gold.

Summary

Value
$58.7billion
Tonnes
749tonnes
Share of world total
10.6%
World rank
2nd
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
India16.1Tonnes: 206USD per tonne: $78,363,23127.5%Air
Hong Kong re-exports15.8Tonnes: 209USD per tonne: $75,927,29127%Air
Switzerland12.4Tonnes: 156USD per tonne: $79,438,59721.1%Air
Turkey5.5Tonnes: 71USD per tonne: $76,890,9029.3%Air
Saudi Arabia2.8Tonnes: 39USD per tonne: $73,045,9064.8%Land
Malaysia0.88Tonnes: 11USD per tonne: $77,621,5671.5%Air
Thailand0.84Tonnes: 0USD per tonne: $206,0001.4%Sea
Singapore re-exports0.79Tonnes: 10USD per tonne: $75,743,2251.4%Air
Kuwait0.74Tonnes: 10USD per tonne: $76,239,5931.3%Air
Lebanon0.74Tonnes: 10USD per tonne: $72,995,9341.3%Air
Italy0.64Tonnes: 9USD per tonne: $72,959,8411.1%Air
China0.33Tonnes: 5USD per tonne: $73,166,9260.57%Air
Bahrain0.24Tonnes: 3USD per tonne: $74,071,0570.4%Air
Qatar0.23Tonnes: 3USD per tonne: $77,599,4580.4%Air
Indonesia0.17Tonnes: 2USD per tonne: $78,138,7400.29%Air
Egypt0.1Tonnes: 2USD per tonne: $66,103,2470.17%Air
Slovakia0.07Tonnes: 1USD per tonne: $81,595,0800.11%Air
Spain0.06Tonnes: 1USD per tonne: $76,009,0620.11%Air
Malta0.06Tonnes: 1USD per tonne: $84,326,3310.1%Air
Australia0.03Tonnes: 0USD per tonne: $65,511,3500.06%Air

Trend

Who it sells to

India has been its main destination since 2024

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

  • India 16.1
  • Hong Kong 15.8
  • Switzerland 12.4
  • Turkey 5.5
  • Saudi Arabia 2.8

Source: CEPII BACI

Show the numbers
Partner19952024
India0.0216.1
Hong Kong< 0.0115.8
Switzerland012.4
Turkey05.5
Saudi Arabia< 0.012.8

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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