China experienced a sharp decline in gold imports via Hong Kong in January 2025, with volumes plummeting to 13.816 metric tons, according to figures released Tuesday by the Hong Kong Census and Statistics Department.
This represents a substantial 44.8% decrease from December’s imports of 25.007 tons and marks the lowest level of gold imports through this channel since April 2022.
The dramatic reduction suggests a potential shift in China’s gold acquisition strategy or demand patterns as the new year began, contrasting markedly with the significantly higher import figures observed at the end of 2024.