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Swiss gold exports to China rose in March, shipments to India and Turkey fell

Switzerland exported more gold to mainland China in March than in any month since July 2022, but shipments to India and Turkey fell from February’s level, Swiss customs data showed. Switzerland is the world’s biggest bullion refining and transit hub.

China and India are the largest consumer markets for gold and Turkey has been a major importer in recent months as inflation runs rampant.

Following are numbers and comparisons. SWISS TOTAL GOLD EXPORTS, MONTHLY (KG) EXPORT (kg) Mar-23 147,737 Feb-23 182,369 Mar-22 146,740 EXPORTS TO KEY MARKETS, MONTHLY (KG) To China To Hong To India To Turkey Kong Mar-23 67,316 17,507 16,550 10,748 Feb-23 57,990 25,265 25,644 43,217 Mar-22 11,000 55 4,952 2,099 * Source: Swiss customs. Data subject to revision by source. (Reporting by Peter Hobson Editing by David Goodman )

 

 


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