US gold imports dropped significantly

US gold imports in the first five months of this year fell by more than 6%. The data point to a marginal jump in the country's gold exports during the above period.

Gold imports in January-May 18 were estimated at $ 4.29 billion in the first five months of 2018, down 6.1% from the same period a year earlier. Gold imports to the United States in January-May 17 amounted to $ 4.56 billion. Monthly imports were valued at $ 892.33 million in just one month.

The most important source of gold imports for the United States was Mexico. Imports from this country amounted to US $ 1.46 billion, which is more than 34% of total US gold imports. Canada came in second ($ 820.66 million), followed by Peru ($ 770.03 million) in third place. Colombia ($ 264.24 million) and Brazil ($ 179.01 million) were other key sources of imports. The United States imported from the above five sources over 81% of its total imports during the initial five-month period of 2018.