Switzerland gold exports. 3% in 2022, while this ratio was 20.
- Switzerland gold exports The main destination of Gold exports from Switzerland are: China ($27. 5% gold, key: 914). 96 3. 5% of international gold exports, with Switzerland alone representing 22. By continent, Europe led the way in gold exports, contributing 43. 3 billion in 2018, which is 40 percent more than in 2017. 58%, from $20. Exports In 2022, Switzerland exported $101B in Gold, making it the 1st largest exporter of Gold in the world. The United Feb 11, 2019 · Switzerland’s is the world’s most important trading place for gold; it processes two-thirds of the precious metal. 2% of the global total, valued at $208. The pharmaceutical, watch and machine industries are particularly China-oriented. 46%) and the United States (5. Turkey: $10. Oct 17, 2024 · As per gold import data, Switzerland is the largest importer of gold in the world, accounting for US$ 102. Further figures on exports and imports by goods, trading partner and other topics can be found on the sub-pages or in our Swiss-Impex Sep 19, 2023 · LONDON, Sept 19 (Reuters) - Swiss gold exports rose by 7. 1B), and South Africa ($22. 2% for imports. From January 2022 to October 2024 In 2023, gold imports to Switzerland were valued at approximately 102. dollar or euro, as the chart below shows. The increase in gold exports from Switzerland in 2021 is due to the recovery of gold demand in India and China after the collapse during the Covid pandemic. Additionally, China, the UK and India are the other top 3 gold importing countries. SEATTLE (Scrap Monster): The exports of bullion from Switzerland- the world’s largest bullion refining and transit hub surged significantly higher in May this year, upon comparison with the prior month. Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. According to the our latest trade data for gold exports in 2023, Switzerland’s top 10 export destinations and partners for its gold exports are: 1. Its nearest rivals are the United Kingdom (8. 61 4. 2 tonnes in July, again the most since 2016. Mar 21, 2023 · It exported 58 tonnes of gold worth 3. Jan 27, 2022 · Swiss gold exports rose last year to their highest since 2018 as demand for bullion in China and India, the biggest consumer markets, recovered from a collapse early in the COVID-19 pandemic Precious metals are Switzerland’s second most important export: in 2018, precious metals worth CHF 68 billion left the country – with gold exports representing 95 percent of this trade. Monthly export volumes from the world’s biggest bullion refining and transit hub rose 49% from a year ago, driven by robust sales to China and Hong Kong. Aug 3, 2014 · This has taken the overall Swiss exports so far in 2014 to 32. In 2021, gold exports from Switzerland amounted to 86. But gold storage also has a long tradition in Switzerland. 2 billion Swiss francs ($3. Apr 22, 2021 · Switzerland in March recorded its biggest monthly gold exports in ten months as shipments to India leaped to their highest since 2013, underlining a revival in Asian bullion demand, Swiss customs Jan 24, 2023 · But if prices remain high, India’s appetite for gold will likely remain weak, he. 2%) Aug 18, 2022 · The surge in shipments to China lifted Switzerland's total gold exports to 186. Reuters. Other major gold exporters last year were the United Kingdom, the United States, the United Arab Emirates and Hong Nov 21, 2024 · Switzerland continues to be a critical hub in the global gold market, leveraging its robust refining and trading infrastructure to maintain steady export volumes. They include Unwrought Non-Monetary Gold, Semi-Manufactured Non-Monetary Gold, and Gold powder non-monetary. , with 28. The main destination of Gold exports from Ethiopia are: United Arab Emirates ($546M). 8B), United Kingdom ($32. dollars in 2023. BUY/SELL GOLD & SILVER Bullion Coins and Bars Until that year, the Swiss franc had had to be backed by a minimum of 40 percent in gold reserves (this is why the Swiss franc has historically been considered a safe-haven currency). 62 billion. 9 billion ($4. Apr 26, 2023 · Following are numbers and comparisons. As a debate continues on alleged black money stashed by Indians in Swiss banks, India now accounts for nearly 42 per cent of total gold and silver leaving Switzerland shores — largest for any single country. The most recent exports are led by Gold ($101B), Vaccines, blood, antisera, toxins and cultures ($46. Switzerland is consistently the world's leading gold exporting country based on value. Switzerland: US$107. Kong Singapore Thailand Oct 20, 2022 · Swiss gold exports to top markets China and India increased in September, while shipments to Turkey rose to the highest since April 2013, Swiss customs data showed on Thursday. 7B from $303B in 2017 to $402B in 2022. Jan 8, 2019 · An important economic sector. 21 Tonnes from 2000 until 2024, reaching an all time high of 2590. At the same year, Gold was the 2nd most exported product in Ethiopia . Sep 20, 2022 · Swiss exports of gold to China fell in August from July's 5-1/2-year high, while shipments to Turkey rose to their highest since June 2013, Swiss customs data showed on Tuesday. 9% share of an annual export market worth $305 billion. 7US$ billion. 28 7. United States of America: $9. Gold Exports by Country. 95%). 01 The main destination of Gold exports from Kyrgyzstan are: Switzerland ($94M), China ($19. Switzerland is the world’s leading exporter of gold, enjoying a 20. 2 billion (22. 5 billion. S. SWISS GOLD EXPORTS, ANNUAL (KG) Total To China To Hong To India To Turkey To To. 6B), and Base Metal Watches ($16. 36B). To show just how important this sector is for the Swiss economy: in 2017, for example, 2404 metric tons of gold were imported, with a value of about CHF70 billion. During the last five reported years the exports of Switzerland have changed by $99. Oct 17, 2024 · Swiss gold exports fell in September to the lowest level since June owing to reduced shipments to India, customs data from the world's biggest bullion refining and transit hub showed on Thursday. At the same year, Gold was the 1st most exported product in Switzerland. The price of gold in the Swiss francs behaved similarly to the gold prices expressed in the U. 3% in 2022, while this ratio was 20. 51 5. Feb 20, 2024 · Swiss gold exports surged in January to their highest level since December 2016, customs data showed on Tuesday. Sep 30, 2020 · The other principal recipients of August’s Swiss gold exports were the U. India: $12. Sep 3, 2024 · ¥ÿÿwë€ÂàÔÚ¿‡— ymîamtp!EõÐìÞ ªªzK î^µÿá§_~ûßþò· üë?ÿûÛ Ül ¸ 0hÈ° £ÆŒ›0iÊ´ ³æÌ[°hɲ «Ö¬Û°i˶ »öì;pèȱ §Îœ»péʵ ·îÜ May 27, 2021 · Swiss exports of gold to mainland China surged in April to their highest since December 2019, customs data showed on Thursday, as demand for gold in the world's biggest bullion consuming nation Merchandise Trade summary statistics for Switzerland (CHE) including exports and imports, applied tariffs, top export and import by partner countries and top exported/imported product groups, along with development indicators from WDI such as GDP, GNI per capita, trade balance and trade as percentage of GDP for year 2022 Sep 19, 2024 · China, the world’s largest gold consumer, refrained from gold imports from Switzerland in August, for the first time since January 2021, customs data from the world’s biggest bullion refining Nov 2, 2022 · Switzerland. 99 Tonnes in the second quarter of 2014. Accessed on July 23, 2024 International Trade Centre, Trade Map. Chart 1: Gold prices in 2 days ago · Gold exports from Switzerland rose in November due to a jump in supplies to India and some revival of deliveries to China and Hong Kong compared with October, Swiss customs data showed on Thursday. 7B), Packaged Medicaments ($45. 33M) and Turkey ($757k). In the last decade, gold exports to China increased dramatically and reached CHF 17. Switzerland is the world's biggest bullion refining Jan 28, 2021 · A collapse in shipments to China and India, whose vast jewellery markets were partially shut by the coronavirus, drove Swiss exports of gold in 2020 to the lowest since at least 2012, customs data Jun 30, 2023 · More Swiss imports from Russia rose in January . 2% of the total, making it the largest gold exporter worldwide. World gold trade. Switzerland-India Trade: In 2022, Switzerland exported $16B to India. 43 billion 2. 4B), Nitrogen Heterocyclic Compounds ($16. Over the past 5 years the exports of Switzerland to India have decreased at an annualized rate of 4. Below are the 15 countries that exported the highest dollar value worth of gold during 2023. Feb 21, 2024 · The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy. Skip to main Feb 17, 2022 · Swiss exports of gold to mainland China surged in January to their highest since December 2016, but shipments of bullion to India fell, Swiss customs data showed on Thursday. Switzerland Exports By Category - was last updated on Wednesday, December 18, 2024. 9 tonnes. The second category includes gold reserves held by the official sector and private investors. 7B). Other major gold exporters last year were the United Kingdom, the United States, the United Arab Emirates and Hong Nov 21, 2023 · Swiss gold exports in October rose to their highest level since May as deliveries to India surged to meet demand during the country's festive season, customs data showed on Tuesday. dollars. Switzerland’s stronger local currency makes the Swiss Confederation’s exports paid for in comparatively weaker US dollars relatively less expensive. 1B). In 2023, Swiss gold exports to China totaled approximately 25 billion Swiss francs. Data subject to revision. These distinguish between mining gold (key: 911) and refined gold (if at least 99. 18 Tonnes in the first quarter of 2000 and a record low of 1039. In 2011, over 2,600 metric tons of raw gold were imported into the country, to a total value of Feb 10, 2017 · By comparison, the Swiss gold export was roughly equal to Sri Lanka’s entire annual GDP in 2015 and accounts for about four-fifths of all the gold that the world extracts in a year (about 2,500 Jan 30, 2024 · LONDON, Jan 30 (Reuters) - Swiss gold exports fell slightly in December vs November amid lower shipments to India and high prices, customs data showed on Tuesday. See full list on worldstopexports. Sep 21, 2021 · LONDON, Sept 21 (Reuters) - Swiss exports of gold to India jumped to a five-month high in August while shipments to China fell, Swiss customs data showed on Tuesday. The main products that Switzerland exported to India were Gold ($13B), Coal Briquettes ($411M), and Packaged Medicaments ($161M). By value, Switzerland’s share of total world gold exports was 21. Aug 18, 2022 · Swiss exports of gold to China in July rose to their highest since December 2016, Swiss customs data showed on Thursday, as demand in the world's largest bullion market improved. 17B), and Germany ($6. I don’t see demand recovering there for some months. Accessed on In order to make the origin of gold more transparent, the FCA created import subdivisions which are valid from 1 January 2021. Switzerland is the world's biggest bullion refining and transit hub, while China and India are the largest consumer markets with local demand sensitive to high prices and time of the season. Exports In 2022 the top exporters of Gold were Switzerland ($101B), United States ($37. Germany: $6,37 6. ” Below are numbers and comparisons. 1 billion), of which India accounted for CHF1. 6M), Hong Kong ($12M), Italy ($6. com Switzerland's gold exports amounted to a value of over 107 billion U. Monthly imports by subdivision and country are available in the Swiss-Impex Jan 24, 2023 · Swiss exports of gold to countries including China, Turkey, Singapore and Thailand surged to multi-year highs in 2022, Swiss customs data showed on Tuesday, as low prices boosted demand from Jul 11, 2024 · Details on Switzerland’s Exports/Imports Gold. 4 billion over the past ten years. 15 lakh crore). 1 billion Swiss franc (about Rs 2. 2 tonnes, and the UK, which vaults a high proportion of global ETF gold holdings, including those of the biggest gold ETF of all – SPDR gold shares (GLD) - with 18. Singapore: $4. The Oct 19, 2023 · Swiss gold exports fell to their lowest in 15 months in September due to lower deliveries to India and Turkey, customs data showed on Thursday. gold bars and other precious metals, coins, precious stones and gems, works of art and antiques). 1B), United States ($8. Sep 19, 2023 · Swiss gold exports rose by 7. . Gold Reserves in Switzerland averaged 1263. 5B), India ($13B), Turkey ($11. 3 billion in gold imports in 2023–24. Jun 22, 2023 · The overall Swiss gold exports in May 2023 totalled 152,193 kilograms, which is significantly higher month-on-month and year-on-year. Apr 26, 2022 · Switzerland's exports to Britain, which like the United States is a centre for gold investment and trading, also rose, while shipments of gold to China and India, the biggest consumer markets The second category includes gold reserves held by the official sector and private investors. 4M), and United Arab Emirates ($3. 3 billion U. That’s a massive increase from just four years earlier, 2019, when the total value of Swiss gold exports was less than 10 billion francs. Exports to key markets (in kgs) To China: Nov 13, 2014 · In June this year, Switzerland’s total trade in gold, silver and coins was CHF3. Switzerland is the world's largest transit hub and gold processing center in the world. Switzerland is the biggest refining and transit hub for gold and its Gold are a part of Precious stones, metals, & pearls. 6M). 5 billion) to mainland China in February, up from 26. Feb 10, 2024 · Switzerland’s Top 10 Export Partners of Gold. Oct 16, 2024 · That has put it in a prime position to feed China’s ever-increasing push to increase its gold reserves. Exports In 2022, Ethiopia exported $546M in Gold, making it the 67th largest exporter of Gold in the world. The latest foreign trade data is presented on this page. China: $27. 5B), United Arab Emirates ($32. Oct 12, 2012 · It is difficult to visualise the enormous quantity of gold that arrives in Switzerland every year. Exports to China from the whole Swiss industry, in comparison, amounted to (only) […] Oct 3, 2024 · Swiss exports to China (excluding gold) have increased by 74% to CHF15. Switzerland’s 5 biggest exports by value are gold, blood fractions including antisera, medication mixes in dosage, heterocyclics and nucleic acids, then wrist or pocket watches excluding Jan 24, 2023 · Swiss exports of gold to countries including China, Turkey, Singapore and Thailand surged to multi-year highs in 2022, Swiss customs data showed on Tuesday, as low prices boosted demand from During the last five reported years the exports of Switzerland have changed by $99. Thailand: $5. Gold Reserves in Switzerland remained unchanged at 1040 Tonnes in the third quarter of 2024 from 1040 Tonnes in the second quarter of 2024. Jul 18, 2024 · Swiss total gold exports (in kgs)* Export: June 2024: 68,383: May 2024: 103,522: June 2023: 117,574 * Source: Swiss customs. 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 In 2022, Switzerland's gold exports amounted to a value of more than 100 billion U. Jan 27, 2022 · Swiss gold exports rose last year to their highest since 2018 as demand for bullion in China and India, the biggest consumer markets, recovered from a collapse early in the COVID-19 pandemic See also Gold Exports by Country, Switzerland’s Top Trading Partners, China’s Top 10 Imports, India’s Top 10 Imports and United Kingdom’s Top 10 Imports Research Sources: Central Intelligence Agency, The World Factbook Field Listing: Imports – Commodities. said: “They are real bargain hunters. This content was published on Feb 21, 2023 Swiss imports from Russia rose by almost a fifth of a percent in January due to gold transported via the UK. 5% gold, keys: 912/913; if less than 99. This data is based on the business cycle total (excl. Collectively, they accounted for 57. 2B in 2017 to $16B in 2022. 1 tonnes in January and the most since December. 3% in August from July as higher deliveries to India and China offset lower supplies to Turkey, customs data showed on Tuesday. The fastest growing export markets for Gold of Kyrgyzstan between 2021 and 2022 were Italy ($5. kvjqvk pwb vhobi vim lyoi jvfovpg kkp lzr svxtw jpfxeo
