Japan to become world's leading gold importer in 2024
From being in the list of world’s top 10 gold exporters, Japan is on the verge of becoming the top importer of gold in 2024. As per the trade forecast, Japanese companies tend to invest in the gold sector. Due to which, the country’s gold imports are likely to rise. According to the Japan import export data , the overall gold imports were estimated to be $388 million in 2023. Japan’s gold imports mostly came from Malaysia accounting for 12% of the country’s overall gold imports. South Korea was the second biggest gold supplier to Japan with 10% share. Switzerland was the third biggest gold supplier to Japan responsible for 10% of the country's overall gold imports. Vietnam, the United States, China and the United Arab Emirates were the fastest growing markets for Japan's gold imports. Japan is among the top 20 gold exporters in the world. Japan export data shows around $8.4 billion during 2023. It is the 14th major exported product from Japan. Japan's most prominent mar...