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Swiss-refined kilobars (SGE-standard) moving to Mainland China, the largest single destination for Swiss gold exports in 2024. A bilateral China-Switzerland FTA (2014) exists and an upgrade was concluded in August 2026, but no gold-specific concession was found and China's own duty rate on 7108 was not confirmed; import runs on China-wide rules (PBoC per-batch permit, SGE first trade). No pair-specific control found. China's figures exceed Switzerland's by about 200 t, consistent with China recording Swiss-refined bars shipped via London and Hong Kong under Swiss origin.
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- 研究备注 1
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China records about 211 t more from Switzerland than Switzerland records sending (2024). China attributes imports to origin: it records 0.58 t from the UK while the UK reports 382.8 t of 710813 exports to China, so Swiss-refined bars routed via London (and Hong Kong) are likely counted as Swiss-origin in China's data.
数据: CN 553 t vs CH 336 t (2024)
未经核实研究备注: Inference by the pair researcher from the mirror figures; not stated by either statistics office.
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