UAE exported gold price of DH196 billion ($ 53.41 billion) in 2024–25, according to Tradeimex data, which strengthens its role as a global hub for gold trade. Strategically deployed between Asia, Africa and Europe, the United Arab Emirates continued to attract prominent international buyers beyond tourists visiting Dubai’s famous gold sock.
What kind of gold is UAE exports?
Gold exports from UAE include a variety of products. The breakdown of the top gold categories exported in 2023 reported by UAE export data is here:
- Gold Bars: $ 5.8 billion
- Gold Coins: $ 4.7 billion
- Gold Jewelery: $ 3.8 billion
- Gold dust: $ 2.71 billion
- Gold Nuggets: $ 1.86 billion
- Gold Scrap: $ 1.57 billion
- Bullion: $ 1 billion
- Gold offer: $ 900 million
- Gold Leaf: $ 800 million
- Gold Broch: $ 700 Million
This product diversity has helped the UAE appeal to a wide range of international buyers, from industrial users and bullion traders to jewelers and luxury brands.
Who is buying UAE gold?
According to TreadMex, ten countries led the demand for UAE gold in 2023:
1. Switzerland – $ 4.76 billion
Switzerland, known for its gold refineries and financial markets, purchased:
- Gold straps
- Jewelery-grade and industrial gold
- Gold powder and flakes
2. United kingdom – $ 3.65 billion
Focus on Britain buyers:
- Gold nuggets and bullion
- Coins, brooch and bangles
3. India – $ 2.87 billion
India’s imports include:
- Gold climbing items and coated utensils
- Gold-alloyed products such as Gold-Silver and Gold-Platinum Mix
4. Hong Kong – $ 2.45 billion
Hong Kong Import:
- Certified jewelery and gold offered electronics
- Decorative gold frames and sculptures
5. Turkish – $ 1.86 billion
Türkiye’s demand includes:
- Yellow, rose, white and black gold
- Gold coins and decorative items
Other Top Buyers:
- Singapore – $ 1.84 billion
(Excised and Philigry Jewelery, Gold Mishra) - Kuwait – $ 1.5 billion
(Necklace, ring, bracelet, gold alloys) - Bahrain – $ 1 billion
(Gold flakes, watches, nuggets, sculptures) - Qatar – $ 900 million
(Forced and semi-turned gold, pearl-slander) - China – $ 800 million
(Gold sculptures, branded bar, recycled gold, coins)
