BERN: Switzerland has globally exported gold worth 65 billion Swiss francs. India was the biggest buyer, Germany was ranked 5th. Russia was delivered 55 tonnes more than it drew.
The Swiss customs administration released numbers on Tuesday this week regarding Swiss foreign trade in 2014. It contains detailed information about the country’s gold imports and gold exports.
According to the report Switzerland has shipped 1,747.17 tons of gold worth 65 billion Swiss Francs (CHF) abroad. Average price per ounce: EUR 965.18 (1 EUR = 1.20 CHF). The biggest buyers were India (471 tons), Hongkong (377 tons) and China (213 tons). Germany was ranked 5th with a total of 88.54 tons worth 3.3 billion CHF (2.75 bn. EUR).
Swiss gold imports amounted to 2,205.95 tons worth 64.85 billion CHF last year. Most of the gold came from Britain. London shipped 652 tons of gold worth 23.9 billion CHF. That was the equivalent of 36,673 CHF (30,561 EUR) per kilo, or 950 Euros per ounce converted. Other major suppliers: USA (211.57 tons), Russia (58.25 tons).
