Turkey made record gold import from Switzerland this year
Switzerland is one of the key trading partners of Turkey. The recent Turkey import data shows that Turkey's gold imports from Switzerland have seen whopping growth this year. Over 56 tons of swiss gold was imported by Turkey in the last month. It is the highest value recorded ever in 11 years. According to the Turkey customs data , the total gold imports from Switzerland were almost $10 billion swiss francs last year. Switzerland is the third most favoured market for Turkey's gold imports. Along with Switzerland, United Arab Emirates, Iraq, Mauritania, South Africa, Belgium, United Kingdom, Russia and Bolivia are other noticeable gold exporters to Turkey. South Africa and Bolivia had exported a considerable amount of gold exports to Turkey. On the other hand, Turkey’s gold exports were over $4.5 billion in the financial year 2022. The country’s gold exports were mostly to the United Kingdom, United Arab Emirates, Mauritania, Nepal, Malaysia, and the United States. Turkey...