Two tons of gold will be shipped to Turkey in 2023, with nearly 15 tons arriving the following year. April 2024 appears to be a formidable month for precious metal and semi-finished product sales, with Ankara's demand for gold capable of moving national Istat statistics. A flare-up that has lasted for a few months, and in the first four months of the year, precisely because of this export item, Turkey is by far the best outlet market for Made in Italy, increasing by 36% between January and April. Although no detailed data is available, the values for May (+30%, with +372% linked to the item "other manufacturing activities," which includes precious metals), indicate that the boom is once again linked to gold. Values were undoubtedly relaunched by the price increase (in one year, they went from 55 to more than 70 euros per gram), but the decisive factor is the explosive increase in volumes: 41 tons in the first four months of 2024, compared to 13 in the same period in 2023. Additional quantities that reward the Italian (and European) district most focused on raw materials and semi-finished products, i.e. Arezzo, which has managed to monopolize this peak in demand. This shift toward Italy was also influenced by Turkey's decision to impose 20% duties on gold imports from countries outside the European Union, which impacted the two main historical suppliers, Switzerland and the United Arab Emirates.
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