Gold in Russia

EXPORTS (2018): $1.22B, World Rnk 39 / 166
Flag Rnk 36 / 1196

TOP DESTINATION (2018): $853M, United Kingdom

FASTEST GROWING MARKET (2017 - 2018): $40.9M, Singapore

IMPORTS (2018): $49.3M, World Rnk 55 / 142
Flag Rnk 539 / 1200

TOP ORIGIN (2018): $15.7M, United Arab Emirates

FASTEST GROWING ORIGIN (2017 - 2018): $15.7M, United Arab Emirates

ECONOMIC COMPLEXITY of Russia (2018): 0.6, Rnk 41 / 137

Overview: This page contains the latest trade data of Gold in Russia.

Exports: In 2018, Russia exported $1.22B in Gold, making it the 39th largest exporter of Gold in the world. At the same year, Gold was the 36th most exported product in Russia. The main destination of Gold exports from Russia are: United Kingdom ($853M), Switzerland ($209M), Italy ($76.4M), Singapore ($40.9M), and United Arab Emirates ($18M).

The fastest growing export markets for Gold of Russia between 2017 and 2018 were Singapore ($40.9M), Hong Kong ($2.72M), and Canada ($975k).

Imports: In 2018, Russia imported $49.3M in Gold, becoming the 55th largest importer of Gold in the world. At the same year, Gold was the 539th most imported product in Russia. Russia imports Gold primarily from: United Arab Emirates ($15.7M), Thailand ($15.5M), Kazakhstan ($4.61M), Cuba ($4.55M), and Belarus ($4.49M).

The fastest growing import markets in Gold for Russia between 2017 and 2018 were United Arab Emirates ($15.7M), Thailand ($15.5M), and Kazakhstan ($4.59M).

Tariffs: In 2018, the average tariff for Russia in Gold was 9.84%. The countries with the highest import tariffs for Gold were Angola (10.3%), Burundi (10.3%), Benin (10.3%), Burkina Faso (10.3%), and Botswana (10.3%).

Overview: In August 2020 Russia's Gold exports accounted up to $1.3B and imports accounted up to $2.41M, resulting in a positive trade balance of $1.3B. Between August 2019 and August 2020 the exports of Russia's   Gold have increased by $786M (152%) from $517M to $1.3B, while imports increased by $975k (68%) from $1.43M to $2.41M.

Destinations: In August 2020 Gold exported mostly to United Kingdom ($1.24B), Kazakhstan ($37.5M), Switzerland ($25M), Belarus ($54.8k), and Moldova ($32.9k), and imported mostly from Belarus ($1.86M), Kazakhstan ($448k), Italy ($64.6k), United States ($29.5k), and Singapore ($4.71k).

Growth: In August 2020, the increase in Gold's year-by-year exports was explained primarily by an increase in exports to United Kingdom ($760M or 158%), Switzerland ($18.6M or 292%), and Kazakhstan ($7.08M or 23.3%). In August 2020, the increase in Gold's year-by-year imports was explained primarily by an increase in imports from Belarus ($800k or 75.4%) and Kazakhstan ($446k or 20.7k%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (August 2019 - August 2020): $786M, (152%)

IMPORT GROWTH (August 2019 - August 2020): $975k, (68%)

MAIN EXPORTER (August 2020): Moscow, The Capital Of Russian Federation, $1.03B

MAIN DESTINATION (August 2020): United Kingdom, $1.24B

This section shows Gold's exports and imports data at subnational level for Russia. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Gold over time.

Value

EXPORTS (2018): $1.22B

IMPORTS (2018): $49.3M

NET TRADE (2018): $1.17B

In 2018, Russia exported $1.22B in Gold. The main destinations of Russia exports on Gold were United Kingdom ($853M), Switzerland ($209M), Italy ($76.4M), Singapore ($40.9M), and United Arab Emirates ($18M).

In 2018, Russia imported $49.3M in Gold, mainly from United Arab Emirates ($15.7M), Thailand ($15.5M), Kazakhstan ($4.61M), Cuba ($4.55M), and Belarus ($4.49M).

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IN 2018, Russia HAD A POSITIVE NET TRADE IN Gold WITH:

  • United Kingdom, $853M ($853M - $5.61k)
  • Switzerland, $209M ($209M - $710k)
  • Italy, $75.1M ($76.4M - $1.33M)

IN 2018, Russia HAD A NEGATIVE NET TRADE IN Gold WITH:

  • Thailand, -$15.5M ($0 - $15.5M)
  • Cuba, -$4.55M ($0 - $4.55M)
  • Belarus, -$4.37M ($114k - $4.49M)
Flow

THE FASTEST GROWING Gold EXPORT MARKETS FOR Russia WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY Russia WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, Russia's main exporting competitors in Gold were:

In 2018, Russia's main importing competitors in Gold were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Gold in Russia. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2018, the average tariff for Russia in Gold was 9.84%.

The countries with the highest tariffs for Gold in Russia were Angola (10.3%), Burundi (10.3%), Benin (10.3%), Burkina Faso (10.3%), and Botswana (10.3%).

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