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Delhi News Daily > Blog > World News > Who are the top buyers of UAE gold? $53.4 billion exported in 2024–25 | World News – Times of India – Delhi News Daily
World News

Who are the top buyers of UAE gold? $53.4 billion exported in 2024–25 | World News – Times of India – Delhi News Daily

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Last updated: July 2, 2025 5:56 am
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What Kind of Gold Is the UAE Exporting?Who’s Buying UAE Gold?1. Switzerland – $4.76 billion2. United Kingdom – $3.65 billion3. India – $2.87 billion4. Hong Kong – $2.45 billion5. Turkey – $1.86 billionOther Top Buyers:
Who are the top buyers of UAE gold? $53.4 billion exported in 2024–25
The UAE exported Dh196 billion ($53.4 billion) worth of gold in 2024–25, with Switzerland, the UK, and India leading the list of buyers/Representative Image

The UAE exported Dh196 billion ($53.41 billion) worth of gold in 2024–25, reinforcing its role as a global hub for gold trade, according to data from TradeImex. Positioned strategically between Asia, Africa, and Europe, the UAE continues to attract major international buyers far beyond tourists visiting Dubai’s famed gold souks.

What Kind of Gold Is the UAE Exporting?

Gold exports from the UAE include a wide variety of products. Here’s a breakdown of the top gold categories exported in 2023, as reported by UAE Export Data (TradeImex):

  • Gold bars: $5.8 billion
  • Gold coins: $4.7 billion
  • Gold jewellery: $3.8 billion
  • Gold dust: $2.71 billion
  • Gold nuggets: $1.86 billion
  • Gold scrap: $1.57 billion
  • Bullion: $1 billion
  • Gold plating: $900 million
  • Gold leaf: $800 million
  • Gold brooches: $700 million

This product diversity has helped the UAE appeal to a wide range of international buyers, from industrial users and bullion traders to jewellers and luxury brands.

Who’s Buying UAE Gold?

Ten countries led the demand for UAE gold in 2023, according to TradeImex:

1. Switzerland – $4.76 billion

Switzerland, known for its gold refineries and financial markets, purchased:

  • Gold bars
  • Jewellery-grade and industrial gold
  • Gold powder and flakes

2. United Kingdom – $3.65 billion

UK buyers focused on:

  • Gold nuggets and bullion
  • Coins, brooches, and bangles

3. India – $2.87 billion

India’s imports included:

  • Gold-plated items and coated utensils
  • Gold-alloyed products such as gold-silver and gold-platinum mixes

4. Hong Kong – $2.45 billion

Hong Kong imported:

  • Certified jewellery and gold-plated electronics
  • Ornamental gold frames and statues

5. Turkey – $1.86 billion

Turkey’s demand included:

  • Yellow, rose, white, and black gold
  • Gold coins and decorative items

Other Top Buyers:

  • Singapore – $1.84 billion
    (Engraved and filigree jewellery, gold alloys)
  • Kuwait – $1.5 billion
    (Necklaces, rings, bracelets, gold alloys)
  • Bahrain – $1 billion
    (Gold flakes, watches, nuggets, statues)
  • Qatar – $900 million
    (Unrefined and semi-refined gold, pearl-encrusted pieces)
  • China – $800 million
    (Gold sculptures, branded bars, recycled gold, coins)





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