Key Sectors

Total Import   (2019)

(B/AED)

Total Export   (2019)

(B/AED)

Total Re-Export   (2019)

(B/AED)

Top Partner   (2019)

(Total Trade)

Top Product (2019)

Total Trade

Surplus / deficit   (2019)

(B/AED)

GOLD & JEWELRY - Monthly Trend

Source - Dubai Custom

Sector Overview - GOLD & JEWELRY

The global gold & jewelry trade (export + import) has raised to USD 1306.4 billion in 2019, an increase of 2.4% compared to 2018 which was USD 1276.2 billion. The gold & jewelry trade represented 3.46% of total global trade.

Dubai gold & jewelry trade (export + import) has raised to USD 74.46 billion in 2019, an increase of 9.9% compared to USD 67.70 billion in 2018. Dubai gold & jewelry trade represented 0.72% of the total global trade.

Dubai gold & jewelry export was AED 61.46 billion in 2019 which accounts for 39.7% 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 Metals; gold, non-monetary, powder (HS Code: 710811).
The top export destinations were:  Switzerland, India, Turkey, Sultanate of Oman and Singapore.

Dubai gold & jewelry imports were AED 211.57 billion in 2019 which accounted for 26.6% 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: India, Mali, Hong Kong, Guinea and South Africa.

Dubai gold & jewelry re-exports were AED 101.85 billion in 2019 which accounted for 24.2% of the total Dubai re-export.
The top re-export products were: Jewellery; of precious metal (excluding silver) (HS Code: 711319), metals; Diamonds; non-industrial, unworked or simply sawn (HS Code: 710231) and Diamonds; non-industrial, (other than unworked or simply sawn (HS Code: 710239).
The top re-export destinations were: Switzerland, India, Hong Kong , Belgium 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.

 

Source - Dubai Custom

Sector Competitive Landscape

Code
Dubai Trade ()
(2015-2019)
Dubai
Key Markets

Source - Dubai Custom - UN Comtrade

Trade Forecast

Notes: 1 US$ = 3.667 AED; Forecast from 2020 based on historical values
Source: Abu Dhabi Statistics Center