The global Gold & Jewelry trade (export + import) has raised to USD 1649.77 billion in 2021, an increase of 14.9% compared to 2020 which was USD 1436.32 billion. The Gold & Jewelry trade represented 3.74% of total global trade.

Dubai Gold & Jewelry trade was 474.58 billion in 2021, increased of 44.4% compared to 328.57 billion in 2020. gold & jewelry trade represented 31.37% of the total Dubai trade. Dubai's Gold & Jewelry trade represented 28.8% of the total global Gold & Jewelry trade.

Dubai Gold & Jewelry export was AED 105.42 billion in 2021 which accounts for 47.03% 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 Waste and scrap of precious metals (HS Code: 711299). The top export destinations were:  Switzerland, Hong Kong, India, Turkey, Kuwait, and Saudi Arabia.

Dubai Gold & Jewelry imports were AED 273.17 billion in 2021 which accounted for 31.44% 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: Turkey, Mali, India, South Africa, Sudan, and Switzerland.

Dubai Gold & Jewelry re-exports were AED 95.99 billion in 2021 which accounted for 22.85% 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 Switzerland.

Note:

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