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Where does the United Arab Emirates get its gold? Import sources 2024

In 2024, the United Arab Emirates imported $32.6 billion of gold (462 tonnes), 5.9% of the world total. Its main sources were Switzerland (22%), Armenia (12%) and the United Kingdom (9%). The United Arab Emirates was the world’s 6th-largest importer of gold.

Summary

Value
$32.6billion
Tonnes
462tonnes
Share of world total
5.9%
World rank
6th
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
Switzerland7Tonnes: 93USD per tonne: $75,555,74021.6%Air
Armenia4Tonnes: 54USD per tonne: $73,206,89612.2%Air
United Kingdom2.9Tonnes: 42USD per tonne: $68,732,1658.9%Air
Uganda2.5Tonnes: 34USD per tonne: $73,950,1377.8%Air
Zimbabwe2.5Tonnes: 33USD per tonne: $74,945,8147.5%Air
Egypt2.1Tonnes: 31USD per tonne: $66,687,4226.3%Air
Peru1.9Tonnes: 31USD per tonne: $60,741,7865.8%Air
Hong Kong re-exports1.8Tonnes: 23USD per tonne: $78,897,5675.5%Air
Turkey1.7Tonnes: 22USD per tonne: $75,037,3545.1%Air
Burkina Faso1.4Tonnes: 22USD per tonne: $64,285,6624.4%Air
United States0.94Tonnes: 12USD per tonne: $75,858,9722.9%Air
Guyana0.45Tonnes: 6USD per tonne: $70,243,6381.4%Air
Tanzania0.43Tonnes: 6USD per tonne: $70,602,7981.3%Air
Saudi Arabia0.43Tonnes: 6USD per tonne: $73,188,0691.3%Land
Colombia0.43Tonnes: 6USD per tonne: $69,047,1211.3%Air
Bolivia0.3Tonnes: 4USD per tonne: $71,515,4940.91%Air
Brazil0.21Tonnes: 3USD per tonne: $71,001,3260.65%Air
Kuwait0.21Tonnes: 3USD per tonne: $63,220,8310.64%Air
Australia0.2Tonnes: 3USD per tonne: $59,823,1090.62%Air
Bahrain0.16Tonnes: 2USD per tonne: $72,773,0260.49%Air

Trend

Who it buys from

Switzerland has been its main source since 2023

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

  • Switzerland 7
  • Armenia 4
  • United Kingdom 2.9
  • Uganda 2.5
  • Zimbabwe 2.5

Source: CEPII BACI

Show the numbers
Partner19952024
Switzerland07
Armenia04
United Kingdom02.9
Uganda02.5
Zimbabwe02.5

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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