Libya among top buyers of Turkish gold

Libya has ranked among the world’s largest importers of Turkish gold and jewellery, with purchases exceeding 350 million dollars over the past year, according to data published by Anadolu Agency.

Figures show that Turkish jewellery exports to Libya reached approximately 356.2 million dollars, placing the country fifth globally among the biggest buyers of Turkey’s precious metals. The data positions Libya as one of the leading international destinations for Turkish gold, despite the country’s prolonged economic and political uncertainty.

The sustained demand is attributed to a combination of consumer preferences, investment habits and gold’s enduring role as a safe store of value during periods of instability. In Libya, gold continues to serve both as an adornment and a hedge against inflation and currency volatility.

Anadolu Agency noted that Libya’s strong performance reflects wider trends in Turkey’s jewellery sector, which has continued to expand across global markets. While European and Gulf countries still account for a significant share of export growth, demand from non-traditional markets such as Libya remains robust.

The report also highlighted that Switzerland recorded the largest increase in imports of Turkish jewellery, benefiting from its position as a global hub for gold refining and trading. Meanwhile, the United Arab Emirates maintained strong import levels, reinforcing its role as a key regional centre for gold and luxury goods commerce.

Turkey remains one of the world’s leading producers and exporters of gold jewellery, supplying markets across Europe, the Middle East and Africa.