🇸🇦 Saudi Arabia imports of precious metal compound: 2024 trade data
Saudi Arabia imported $33.7 million of precious metal compound in 2024 (31 tonnes). That is 74% less than in 2023. Over 2017-2024 the trade grew strongly, by about 13% a year on average. The peak in this period was 2022, at $166.7 million.
Public statistics, latest reported year 2024. Values in US dollars.
Imports of precious metal compound by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $33.7M | 31 t |
| 2023 | $131.6M | 25 t |
| 2022 | $166.7M | 26 t |
| 2021 | $12.4M | 47 t |
| 2020 | $123.9M | 39 t |
| 2019 | $36.3M | 34 t |
| 2018 | $47.9M | 29 t |
| 2017 | $14.1M | 35 t |
Where Saudi Arabia imports precious metal compound from
Germany alone supplied 79% of it. Among the main suppliers, Italy grew fastest (+375% on the year before).
| Supplier country | Value | Share |
|---|---|---|
| 🇩🇪 Germany | $26.5M | 79% |
| 🇫🇷 France | $3.1M | 9.2% |
| 🇮🇹 Italy | $2.0M | 6.1% |
| 🇺🇸 United States | $1.6M | 4.9% |
| 🇮🇳 India | $124K | 0.4% |
| 🇳🇱 Netherlands | $113K | 0.3% |
| 🇪🇸 Spain | $61K | 0.2% |
| 🇬🇧 United Kingdom | $29K | 0.1% |
| 🇦🇪 United Arab Emirates | $25K | 0.1% |
| 🇨🇳 China | $14K | 0% |
Types of precious metal compound under HS 2843
| 2843.90 | Inorganic or organic compounds of precious metals, n.e.c.: amalgams | 82% |
| 2843.21 | Silver compounds: silver nitrates | 17% |
| 2843.29 | Silver compounds: excluding silver nitrates | 0.7% |
| 2843.10 | Colloidal precious metals: whether or not chemically defined | 0.3% |
| 2843.30 | Gold compounds | 0.2% |
Codes and full descriptions: HS heading 2843.
Average import price of precious metal compound
The average declared value was about $1,093.21 per kg, close to the world average of $1,016.15.
Declared value divided by weight, all 2024 shipments. Prices per shipment and per company are in EximDataX.
Saudi Arabia also exports precious metal compound
Saudi Arabia exported $1.5 million of precious metal compound in 2024 (37 tonnes). Germany alone took 53% of it.
| Destination | Value | Share |
|---|---|---|
| 🇩🇪 Germany | $807K | 53% |
| 🇧🇪 Belgium | $487K | 32% |
| 🇺🇸 United States | $117K | 7.6% |
| 🇦🇪 United Arab Emirates | $115K | 7.5% |
| 🇲🇹 Malta | $8K | 0.5% |
| 🇧🇭 Bahrain | $1K | 0.1% |
Who is behind these numbers in Saudi Arabia?
Public statistics stop at country totals and the last published year. EximDataX shows the shipment records underneath: the companies, dates, quantities and declared values, updated weekly.
Shipment records are in the platform
Tell us what you trade and we will show you the latest records on a live call.
Mirror data: built from the shipment records of the countries that trade with it.
Updated weekly on EximDataX (some markets daily), while public statistics stop at 2024.
Source: CEPII BACI (reconciled UN Comtrade data), HS 2017 edition, release 202601, Etalab Open Licence 2.0. Annual values in US dollars at the customs border; quantities in tonnes where reported. HS 2843: Colloidal precious metals; inorganic or organic compounds of precious metals, whether or not chemically defined; amalgams of precious metals.
Precious metal compound trade in Saudi Arabia: questions
What is the value of precious metal compound imported by Saudi Arabia?
Saudi Arabia imported precious metal compound worth $33.7 million in 2024 (31 tonnes).
Where does Saudi Arabia import precious metal compound from?
The main supplier countries in 2024 were Germany (79%), France (9%), Italy (6%).
What is the average import price of precious metal compound in Saudi Arabia?
The average declared import value was about $1,093.21 per kg in 2024, against a world average of $1,016.15 per kg.
Does Saudi Arabia export precious metal compound?
Yes. Saudi Arabia exported precious metal compound worth $1.5 million in 2024, mainly to Germany, Belgium, United States.
What is the HS code for precious metal compound?
Precious metal compound falls under HS heading 2843 (Colloidal precious metals; inorganic or organic compounds of precious metals, whether or not chemically defined; amalgam). The six-digit codes under it split the product by type.
How can I find the companies trading precious metal compound with Saudi Arabia?
These public statistics stop at country level. EximDataX builds Saudi Arabia trade from the records of its trading partners, updated weekly, so you can see who ships this product there.
Precious metal compound trade in other countries
More trade data for Saudi Arabia
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