High instability in global markets has reinforced the stability and strength of gold, pushing up the prices of the precious metal to best highs of around $1,900 an ounce.
As the gold becomes more exclusive across the world, trading in the precious metal is also quickly growing.
According to ITC calculations (Isothermal Titration Calorimetry) the top 15 countries exporting gold are:
1. China, Hong Kong
In 2011, the value of gold exports from Hong Kong rose intensely to over $24.7 billion, up 145 % paralleled to 2010.
2. U.S.A
Since 2007, Consuming occupied the spot of the world’s top gold exporting nation; the US was pushed to the second place in 2011 regardless of the value of its exports increasing 61 % to $24.6 billion.
3. Canada
Canada’s gold exports improved from $13.4 billion in 2010 to $16.9 billion last year.
4. Australia
Next closely after Canada, Australia recorded a 20.5 % growth in the value of exported gold which extended $15.4 billion.
5. Peru
Peru’s exports rose above 28 % from $7.7 billion in 2010 to $9.9 billion in 2011.
6. Japan
In 2011, the value of gold exports from Japan upraised 45 % to reach $8.6 billion.
7. Italy
Italy’s gold exports further than doubled in value in 2011 to range $8.3 billion, up from $4 billion in 2010.
8. Germany
The exported value of gold from Germany improved from $6 billion in 2010 to $8billion.
9. Mexico
Mexico verified a 34 % rise in gold exports.
10. South Africa
Though South Africa, did not export gold in 2009 and 2010, it noticed a rising values from $1.5 million in 2008 to $6.9 billion.
11. Thailand
The head country on the list to record a reduction values of gold exports, they fell 9 % to $5.8 billion.
12. United Arab Emirates
The value of the UAE’s gold exports fell 65 % from $10.2 billion in 2010 to $3.5 billion 2011.
13-The Republic of Korea
Korea’s gold exports increased slightly from $2.9 billion in 2010 to $3 billion.
14. Chinese Taipei
In 2011 Gold exports from Taipei went up over 65 % to $2.9 billion.
15. Colombia
The rate of exported gold from Colombia improved slightly from $2 billion in 2010 to $2.7 billion.