Swiss gold exports drop 20% in April as deliveries to UK fall

Tue June 02 2026

Gold exports ⁠from Switzerland in April fell 20% from the previous month as shipments to Britain and ⁠China slowed, offsetting higher ⁠deliveries to India and Hong Kong, Swiss customs data showed on Tuesday. The world's biggest bullion refining and transit hub's deliveries to the UK fell to 35.5 metric tons from 57.6 tons in March. Britain is home to the world's largest over-the-counter gold trading hub. Supplies to China, a major bullion consumer, eased by 19% to 30.5 tons while shipments to India climbed to 6.5 tons from 3.5 tons in March. Swiss total gold ⁠exports ⁠and supplies to key markets* (in kg): April 2026 March 2026 April 2025 Total trade 109,216 136,487 104,131 UAE 1,792 1,200 725 China 30,499 37,700 27,106 Germany 2,169 2,113 2,290 France 1,191 728 1,514 UK 35,515 57,615 16,004 Hong Kong 15,642 7,280 1,449 India 6,504 3,475 10,052 Italy 1,664 1,289 1,942 Saudi Arabia 3,104 4,644 4,196 Turkey 3,564 8,083 10,400 USA 309 1,645 1,804 * Source: Swiss customs data for HS code 710812. Data subject to revision.

Source: https://www.lse.co.uk/