Japan’s gold exports surge 35.6% YoY to record $25.5B in FY2025
Japan has reported a record surge in gold exports, reaching $25.5 billion in fiscal year 2025. This increase of 35.6% from the previous year is attributed to smuggling and tax evasion, as Japan does not produce significant amounts of gold. The exports are primarily directed to major gold trading hubs like Hong Kong, Switzerland, and Singapore, driven by rising international gold prices.
- ▪Japan's gold exports hit a record $25.5 billion in FY2025, marking a 35.6% increase from the previous year.
- ▪The country imports minimal gold, leading to a significant net outflow of bullion.
- ▪Gold is allegedly smuggled into Japan to evade a 10% consumption tax, then re-exported at higher international prices.
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Japan’s gold exports surge 35.6% YoY to record $25.5B in FY2025 A country that barely mines gold is suddenly one of the world's biggest exporters, and the reason involves tax evasion, smuggling, and surging global prices. Share Add us on Google by Editorial Team May. 28, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); Japan just posted the highest gold export figures in its recorded history.
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