Gold becomes top U.S. export
The gist
U.S. gold exports have topped all other export categories almost every month since October 2025.
The shift reflects foreign central banks swapping dollar reserves for gold.
How it unfolded
- Oct 2025Starting in October 2025, the value of U.S. gold exports topped all other export categories almost every month.
- Feb 2026The tons of gold exported by the U.S. in February 2026 may have set an all-time record.
- Feb 2026The Chinese Central Bank's holdings of U.S. Treasury debt were reported at just $693.3 billion.