Egypt's gold and precious stone exports jumped by 74% during the first 11 months of 2024, reaching $2.85 billion, compared to $1.64 billion in the same period of 2023, according to a government document obtained by Al Arabiya Business.

The document revealed a 103% increase in Egypt’s gold and precious stone exports to the UAE between January and November 2024, recording $1.76 billion, up from $874 million during the same period in 2023.

Switzerland also increased its imports of Egyptian gold, rising 193% to $1 billion in the same period, compared to $364 million in 2023.

According to the document, the UAE and Switzerland accounted for more than 96% of Egypt’s gold exports in the first 11 months of 2024, importing a combined $2.76 billion worth of gold products.

Canada’s imports of Egyptian gold plummeted by 98% to just $6 million, compared to $373 million in the same period of 2023.

Egypt’s gold exports to Jordan saw an increase of over 2000%, reaching $3.3 million, up from just $0.1 million in 2023.

Turkey’s imports of Egyptian gold fell by 89%, totaling $2.5 million, down from $22.3 million in the same period of 2023.