The global gold & jewelry trade (export + import) has raised to USD 1383.61 billion in 2020, an increase of 5.8% compared to 2019 which was USD 1307.29 billion. The gold & jewelry trade represented 3.97% of total global trade.

Dubai gold & jewelry trade (export + import) has decreased to USD 74.37 billion in 2020, a decrease of 0.12% compared to USD 74.46 billion in 2019. Dubai gold & jewelry trade represented 5.38% of the global gold & jewelry trade.

Dubai gold & jewelry export was AED 82.77 billion in 2020 which accounts for 49.46% of Dubai export.

The top exported products were Metals; gold, non-monetary (HS Code: 710812). Jewellery; of precious metal (excluding silver) (HS Code: 711319). and Waste and scrap of precious metals (HS Code: 711299).
The top export destinations were:  Switzerland, Turkey, Hong Kong, Italy, India, Saudi Arabia.

Dubai gold & jewelry imports were AED 189.95 billion in 2020 which accounted for 27.68% of the total Dubai imports.
The top import products were: Metals, gold, non-monetary (HS Code: 710812). Jewellery; of precious metal (excluding silver) (HS Code: 711319), and Diamonds; non-industrial, unworked or simply sawn (HS Code: 710231)
The top import origins were: Guinea, India, South Africa, Mali, Egypt.

Dubai gold & jewelry re-exports were AED 55.85 billion in 2020 which accounted for 17% of the total Dubai re-export.
The top re-export products were: metals; Diamonds; non-industrial, unworked or simply sawn (HS Code: 710231), Jewellery; of precious metal (excluding silver) (HS Code: 711319), and Diamonds; non-industrial, (other than unworked or simply sawn (HS Code: 710239).
The top re-export destinations were: India, Belgium, Hong Kong, Switzerland and USA.

Note:

The gold & jewelry sector contains “Natural, cultured pearls; precious, semi-precious stones; precious metals, metals clad with precious metal, and articles thereof; imitation jewelry; coin” section in HS classification (Section No. 71).

All ranks not including free zones.