UAE gold, diamond trade hits AED258.4bn in 2018

UAE gold, diamond trade hits AED258.4bn in 2018

The gold and diamond trade accounted for around 15.8 percent of the UAE's total non-oil trade in 2018, valued at AED1.628 trillion, according to statistics from the Ministry of Economy.. With the ongoing growth in the gold and diamond trade, the country was ranked first in the region in precious metal exports and re-exports in 2018.. The country's gold imports were valued at AED111 billion during the same reporting period, or 11.8 percent of the country's imports in 2018 totalling AED938 billion..