Precious metal scrap (other types) exports from Saudi Arabia: data, top buyers and prices
Exports of precious metal scrap (other types) by Saudi Arabia reached $29.1 million in 2024 (362 tonnes). That is 85% less than in 2023. Over 2017-2024 it shrank by about 6% a year on average. The peak in this period was 2022, at $498.3 million.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
Exports by year, 2017-2024
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Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $29.1M | 362 t |
| 2023 | $188.0M | 330 t |
| 2022 | $498.3M | 140 t |
| 2021 | $12.6M | 373 t |
| 2020 | $81.6M | 750 t |
| 2019 | $76.8M | 670 t |
| 2018 | $18.0M | 695 t |
| 2017 | $44.8M | 695 t |
Where Saudi Arabia exports precious metal scrap (other types) to
One buyer market dominates: Germany accounted for 74% of the value.
| Destination | Value | Share |
|---|---|---|
| Germany | $21.5M | 74% |
| Italy | $2.9M | 9.8% |
| Belgium | $2.6M | 8.8% |
| United States | $1.3M | 4.6% |
| Norway | $745K | 2.6% |
| Pakistan | $147K | 0.5% |
| Lithuania | $9K | 0% |
| Poland | $0K | 0% |
Average export price per kg
The average declared value was about $80.44 per kg, 64% above the world average of $48.98. 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?
The shipment records behind Saudi Arabia precious metal scrap (other types) exports (HS 7112.99): companies, dates, quantities and declared values.
Shipment records are in the platform
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Mirror data: built from the shipment records of the countries that trade with it.
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 7112.99: Waste and scrap of precious metals: waste and scrap of precious metals including metal clad with precious metals, other than that of gold and platinum and excluding ash which contains precious metal or precious metal compounds.
Common questions
What is the value of precious metal scrap (other types) exported by Saudi Arabia?
Saudi Arabia exported precious metal scrap (other types) worth $29.1 million in 2024, the latest year with complete public data, about 362 tonnes. That ranks it 34th of 142 countries worldwide, with 0% of world exports. The value was down 85% on 2023.
Which countries buy precious metal scrap (other types) from Saudi Arabia?
Germany was the largest buyer with 74% of the value ($21.5 million), followed by Italy (10%) and Belgium (9%). The top three together account for 92%, out of 8 buyer countries in total. Norway grew fastest among the top ten, up 95% on the year.
What is the average export price of precious metal scrap (other types) per kg?
The average declared export value was about $80.44 per kg in 2024, 64% above the world average of $48.98 per kg. The figure blends every grade shipped, so it works as a reference point rather than a quote.
How have exports of precious metal scrap (other types) from Saudi Arabia changed since 2017?
Exports went from $44.8 million in 2017 to $29.1 million in 2024, a fall of 35%. The peak was 2022 at $498.3 million. Over 8 years the average was $118.7 million a year.
What is the HS code for precious metal scrap (other types)?
The HS code for precious metal scrap (other types) is subheading 7112.99. It sits in HS chapter 71 (natural, cultured pearls; precious, semi-precious stones; precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin). The full list of codes and descriptions is on the HS 7112 page.
How can I find the companies behind this trade?
The totals here are public statistics; EximDataX adds the company names by reading partner countries' customs records for Saudi Arabia. Tell us your product to see it live.
Same product, other countries
World precious metal scrap (other types) trade: top importers and exporters
More trade data for Saudi Arabia
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