U.S. gold bullion exports hit a new record during the first nine months of the year. Not only have exports recorded significant growth year-on-year, but also surpassed the total exports for the entire year 2012.
According to data provided by the U.S. Geological Survey (USGS), U.S. gold bullion exports during 2013 through September totaled 416 mt. This is 47% higher when compared with the exports during the corresponding nine-month period in 2012. In the first nine months of 2012, the United States had exported only 283 mt of gold bullions. Furthermore, U.S. gold bullion exports during the first nine months of the year has exceeded the total exports of 371 mt during the entire year 2012.
Out of the 416 mt exports during January-September, the combined total received by Hong Kong, Switzerland and the U.K. amounted to 332.3 mt. The exports to these three destinations accounted for more than 80% of the total U.S. bullion exports during the period.
The USGS Gold Mineral Industry Survey data for the period until September indicates that Hong Kong was the largest destination of U.S. bullion exports. Hong Kong received a total of 176.3 mt during the nine-month period. In second place was Switzerland with total imports of 130.9 mt. The U.S. bullion exports to the U.K. totaled 26 mt.
Additionally, the U.S. exported 5.1 mt of ores and concentrates. The exports of gold dore and precipitates totaled 152 mt during the period. Adding up all the categories, the U.S. gold exports during the first nine months of the year totaled to 573 mt, significantly higher when compared with previous year.