UAE
In 2021, the United Arab Emirates (UAE) exported $32.8 billion in gold, making it the second-largest gold exporter in 2021.
- The UAE’s main destinations for gold exports are Switzerland ($7.47 billion), India ($7.03 billion), Hong Kong ($6.55 billion), Saudi Arabia ($2.96 billion), Turkey ($1.52 billion).
- The UAE does not mine gold itself, but it has been buying unrefined gold from African states since 2006.
- The UAE has a world-class refinery, storage, and trading facilities in DMCC freezing zones.
- Dubai, also known as the “City of Gold”, has had a long history with gold and jewellery, starting with its status as a major trading port in the 18th century.
Top 10 Gold Exporting Countries
Switzerland is the world’s largest gold exporter, accounting for 23% of global gold exports in 2022. The United Kingdom is the second-largest gold exporter, accounting for 16.7% of global gold exports in 2022. The United States is the third-largest gold exporter, accounting for 8.5% of global gold exports in 2022.
In this article, we will look into the list of the top 10 gold exporting countries along with their export value.