CHINA March 25 2014 5:02 PM
SHANGHAI (Scrap Register): China's gold imports from Hong Kong advanced significantly during February this year while its yellow metal exports to Hong Kong dropped by 3.2 tons,
China's Gold imports from Hong Kong
China's net imports advanced significantly by 83.6 tons month-on-month to 109.2 metric tons in February this year and up by 60.9 tons year-on-year as per Hong Kong Census and Statistics Department ( HKC&SD).
China's imports rose amid increasing demand and as the country allowed more banks to import the precious metal, as per Bloomberg.
China's Gold exports to Hong Kong
According to Hong Kong Census and Statistics Department, China's gold exports to Hong Kong dropped by 3.2 tons month-on-month to 15.8 tons in February this year.
China, the world's biggest bullion consumer, does not publish trade data for the metal. The numbers from Hong Kong, a main conduit for gold into China, give the best picture of Chinese trade in the precious metal.
China imported about 1,158.162 tons from Hong Kong in 2013, more than double its 557.478 tons in 2012, as per data from the Hong Kong government.