The global gold & jewelry trade (export + import) has raised to USD 1849.90 billion in 2022, an increase of 6.98% compared to 2021 which was USD 1729.22 billion. The gold & jewelry trade represented 3.69% of total global trade. 
 
Dubai gold & jewelry trade was 560.39 billion in 2022, increased of 18.08% compared to 474.58 billion in 2021. gold & jewelry trade represented 30.49% of the total Dubai trade.
 
Dubai gold & jewelry export was AED 107.82 billion in 2022 which accounts for 45.79% of Dubai export. The top exported products were Metals; gold, non-monetary, unwrought (HS Code: 710812), Jewellery; of precious metal (excluding silver) (HS Code: 711319). and Metals; platinum, unwrought or in powder form (HS Code: 711011). The top export destinations were:  Turkey, Hong Kong, India, Switzerland, and Oman.

Dubai gold & jewelry imports were AED 336.15 billion in 2022 which accounted for 31.12% 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, Russia, Turkey, Mali, and Ghana. 

Dubai gold & jewelry re-exports were AED 116.42 billion in 2022 which accounted for 22.30% of the total Dubai re-export. The top re-export products were: 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, USA, and Turkey.

Note:

The Gold & Jewelry sector contains Sections No. (71).