The Swiss Customs Administration said on Thursday (February 20) that more than 80% of Swiss gold and silver bars and gold and silver coins were exported to Asia last month. Most of these gold and silver coins and gold and silver bars are imported from the United Kingdom.

Swiss gold and silver bars

According to export data, in terms of value, the total amount of gold and silver exported to Hong Kong, China is the largest, accounting for 44% of total exports; 14% for exports to India, the highest since 1980, according to Swiss Berne customs data; 8.6% for exports to Singapore. The export to the UAE was 7.9% and the export to the Chinese mainland was 6.3%.

The data also shows that Switzerland imported 4.32 billion Swiss francs (about 4.87 billion US dollars) of gold and silver from the United Kingdom, accounting for 60% of the total amount of inbound goods. The United States ranked second with 4.9%, Italy with 3.8%, Germany with 2.8% and Thailand with 2.5%.

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