🇸🇦 Saudi Arabia exports of precious metal scrap: 2024 trade data
Saudi Arabia exported $139.7 million of precious metal scrap in 2024 (706 tonnes). Value fell 37% from 2023. Across 2017-2024 the long-run trend was broadly stable. The peak in this period was 2022, at $663.6 million.
Public statistics, latest reported year 2024. Values in US dollars.
Exports of precious metal scrap by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $139.7M | 706 t |
| 2023 | $220.2M | 560 t |
| 2022 | $663.6M | 428 t |
| 2021 | $182.3M | 986 t |
| 2020 | $278.8M | 2.7K t |
| 2019 | $146.5M | 924 t |
| 2018 | $131.0M | 1.0K t |
| 2017 | $147.3M | 1.1K t |
Where Saudi Arabia exports precious metal scrap to
One buyer market dominates: Germany accounted for 71% of the value. Among the main buyer markets, United States grew fastest, more than tenfold on the year before.
| Destination | Value | Share |
|---|---|---|
| 🇩🇪 Germany | $98.9M | 71% |
| 🇺🇸 United States | $33.7M | 24% |
| 🇮🇹 Italy | $2.9M | 2.1% |
| 🇧🇪 Belgium | $2.6M | 1.8% |
| 🇯🇵 Japan | $820K | 0.6% |
| 🇳🇴 Norway | $745K | 0.5% |
| 🇵🇰 Pakistan | $147K | 0.1% |
| 🇦🇹 Austria | $22K | 0% |
| 🇱🇹 Lithuania | $9K | 0% |
| 🇵🇱 Poland | $0K | 0% |
Types of precious metal scrap under HS 7112
| 7112.92 | Waste and scrap of precious metals: of platinum, including metal clad with platinum but excluding sweepings containing other precious metals | 79% |
| 7112.99 | Waste and scrap of precious metals: waste and scrap of precious metals including metal clad with precious metals, other than that of gold and… | 21% |
Codes and full descriptions: HS heading 7112.
Average export price of precious metal scrap
The average declared value was about $198.03 per kg, 74% above the world average of $113.77. This usually points to higher-grade or processed goods.
Declared value divided by weight, all 2024 shipments. Prices per shipment and per company are in EximDataX.
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 7112: Waste and scrap of precious metal or of metal clad with precious metal; other waste and scrap containing precious metal compounds, of a kind uses principally for the recovery of precious metal other than goods of heading 85.49.
Precious metal scrap trade in Saudi Arabia: questions
Does Saudi Arabia export precious metal scrap?
Yes. Saudi Arabia exported precious metal scrap worth $139.7 million in 2024, mainly to Germany, United States, Italy.
What is the HS code for precious metal scrap?
Precious metal scrap falls under HS heading 7112 (Waste and scrap of precious metal or of metal clad with precious metal; other waste and scrap containing precious metal). The six-digit codes under it split the product by type.
How can I find the companies trading precious metal scrap 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 scrap trade in other countries
See what your buyers are buying.Then decide.
Everything we show you comes from official customs filings — records, not claims. 30 minutes. Your shipment. Your HS code. Real platform. If you don’t see something new about your market by the end of the call, we walk away. No follow-ups.