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3. Gold Reserves in Lebanon Surge to $2 Billion!

The demand for precious metals in Lebanon continues to grow. According to data from the Economic Studies Center of the Beirut and Mount Lebanon Chamber of Commerce, Industry and Agriculture (CCIAB), imports of precious metals (customs classification) reached $2.572 billion in 2024, marking an increase of $46 million compared to the previous year.

However, it’s the export figures that truly stand out. In 2024, exports amounted to approximately $572 million, creating a gap of nearly $2 billion in domestic consumption. This difference represents what the Lebanese have accumulated in precious metals, including jewelry, bars and coins.

In comparison to 2023, when the gap between imports and exports was $1.76 billion, Lebanese reserves of gold have grown by $234 million. This trend is expected to continue, with numbers consistently on the rise.

Lebanon remains a key hub for the manufacturing and export of jewelry in the Middle East. It continues to draw the attention of local investors who view precious metals as a safe haven amid ongoing economic uncertainty.