Switzerland Defends The Indonesian Gold Borong At The Start Of The Year, The Value Is Hundreds Of Million Dollars?

Illustration (Photo: Doc. Antara)

JAKARTA Countries in the Central European Region, Switzerland, are known to have significantly imported precious metal products from Indonesia in early 2023. This was revealed in a report by the Central Statistics Agency (BPS) which was broadcast today.

It was stated that Switzerland became the largest export destination country in January 2023 with a value of 144.3 million dollars. The opening is even higher than Indonesia's exports to South Korea, Italy, Norway, and Germany in next-to-leading order.

"The increase in exports to Switzerland occurred in precious metal and jewelry (HS 71) commodities, mineral fuel, machinery, and electrical equipment," said BPS' Deputy for Statistics, Habibullah when giving an explanation to the media crew, Wednesday, February 15.

In VOI's search, the situation is in line with the most exported type of commodity in Indonesia last month, namely precious metals and jewelry/eyes with a value exceeding 257.9 million US dollars.

Meanwhile, the second place comes from rubber and rubber goods (HS 40) with a value of 43.7 million dollars. Then, the ship's commodity, boat, and floating structure (HS 89) amounted to 34.6 million dollars, the dregs and the rest of the food industry (HS 23) amounted to 24.1 million dollars, and machinery and other electrical equipment (HS 85) amounted to 23.1 million dollars.

The editor also tried to confirm further to BPS regarding the gold buy' action of Switzerland. However, until this news was revealed the information in question had not been received.

For information, Switzerland has always been known as the most favorite jurisdiction for a number of people to store wealth. Meanwhile, gold is one of the popular commodities that is considered to have the best hedge element.