Cambodia Gold Exports ?

[offroadscholar]

November 14, 2020

Gold exports exceed $2 billion in first eight months

Cambodia’s gross revenue from gold exports in the first eight months of this year increased to $2.22 billion or 716. 8 percent increase compared to the same period in 2019.

The update was shared recently by the Ministry of Economy and Finances in a press release, considering the gold export as the fastest-growing commodity of Cambodia.

Cambodia’s total export was $14.1 billion for the first nine months – an increase of nearly 21 percent.

The country’s top exports, after gold, during the period are milled rice, bicycles, electrical appliances, and other agricultural products including soybeans, cashew nuts and bananas.

During the first three quarters of the year, Cambodia imported a total of $13.6 billion – a decrease of about 8.7 percent. Phal Sophanith – AKP

https://www.khmertimeskh.com/50782861/g ... ht-months/

$2.22 billion ? Really ?
Are they importing bullion and turning it into jewelry for export, for example ?

[Bitte_Kein_Lexus]

Does sound unlikely. Canada's gold exports were worth $17B in 2018, $14B for Australia. I doubt it's from mining, maybe there's a secret refinery or something.

[SternAAlbifrons]

$2,2 billion is about 12 tonnes of gold.
Funny - but those are almost exactly the same numbers as the Cambodian national gold reserve.

Maybe they sold all the gold but simply forgot to tell anybody about it, and forgot to enter the $$$ received in the national accounts book too?

It happens

[Arget]

Someone liquidated their holdings in Sihanoukville recently and converted it to the shiny stuff