Gold in Russia 2020 Exports | Imports : $18.7B | $536M, World Rnk 4 / 175 Rnk 4 / 1210 | World Rnk 29 / 168 Rnk 117 / 1205
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $11.2B | $483M, United Kingdom | Uzbekistan
Exports In 2020, Russia exported $18.7B in Gold, making it the 4th largest exporter of Gold in the world. At the same year, Gold was the 4th most exported product in Russia. The main destination of Gold exports from Russia are: United Kingdom ($16.9B), Switzerland ($693M), Kazakhstan ($424M), Turkey ($380M), and India ($96.6M).
The fastest growing export markets for Gold of Russia between 2019 and 2020 were United Kingdom ($11.2B), Switzerland ($563M), and Turkey ($331M).
Imports In 2020, Russia imported $536M in Gold, becoming the 29th largest importer of Gold in the world. At the same year, Gold was the 117th most imported product in Russia. Russia imports Gold primarily from: Uzbekistan ($483M), Switzerland ($25.2M), Belarus ($13.1M), Thailand ($5.66M), and United Arab Emirates ($5.22M).
The fastest growing import markets in Gold for Russia between 2019 and 2020 were Uzbekistan ($483M), Switzerland ($25.2M), and Belarus ($6.42M).
Tariffs In 2018, the average tariff for Russia in Gold was 9.84%. The countries with the highest import tariffs for Gold were Angola (Most Favoured Nation duty rate treatement, 10.3%), Burundi (Most Favoured Nation duty rate treatement, 10.3%), Benin (Most Favoured Nation duty rate treatement, 10.3%), Burkina Faso (Most Favoured Nation duty rate treatement, 10.3%), and Botswana (Most Favoured Nation duty rate treatement, 10.3%).
January 2022
Overview In January 2022 Russia's Gold exports accounted up to $745M and imports accounted up to $1.6M, resulting in a positive trade balance of $743M. Between January 2021 and January 2022 the exports of Russia's Gold have decreased by $-70.1M (-8.6%) from $815M to $745M, while imports increased by $947k (145%) from $652k to $1.6M.
Destinations In January 2022, Gold were exported mostly to United Kingdom ($638M), Kazakhstan ($41.8M), Switzerland ($29.4M), Germany ($27.3M), and Israel ($6.4M), and were imported mostly from Peru ($792k), Belarus ($727k), Armenia ($60.4k), and Singapore ($19.9k).
Growth In January 2022, the decrease in Gold's year-by-year exports was explained primarily by a decrease in exports to Switzerland ($-15M or -56.4%)and Kazakhstan ($-10.2M or -26.3%). In January 2022, the increase in Gold's year-by-year imports was explained primarily by an increase in imports from Kazakhstan ($1.64k or 0.79%).
EXPORT GROWTH (January 2021 - January 2022): $-70.1M, (-8.6%)
IMPORT GROWTH (January 2021 - January 2022): $947k, (145%)
MAIN EXPORTER (January 2022): Moscow, The Capital Of Russian Federation, $420M
MAIN DESTINATION (January 2022): United Kingdom, $638M
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.
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EXPORTS (2020): $18.7B
IMPORTS (2020): $536M
NET TRADE (2020): $18.2B
In 2020, Russia exported $18.7B in Gold. The main destinations of Russia exports on Gold were United Kingdom ($16.9B), Switzerland ($693M), Kazakhstan ($424M), Turkey ($380M), and India ($96.6M).
In 2020, Russia imported $536M in Gold, mainly from Uzbekistan ($483M), Switzerland ($25.2M), Belarus ($13.1M), Thailand ($5.66M), and United Arab Emirates ($5.22M).
IN 2020, Russia HAD A POSITIVE NET TRADE IN Gold WITH:
IN 2020, Russia HAD A NEGATIVE NET TRADE IN Gold WITH:
THE FASTEST GROWING Gold EXPORT MARKETS FOR Russia WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY Russia WERE (2019 - 2020):
In 2019, Russia's main exporting competitors in Gold were:
In 2019, Russia's main importing competitors in Gold were:
In 2018, the average tariff for Russia in Gold was 9.84%.
The countries with the highest tariffs for Gold in Russia were Angola (Most Favoured Nation duty rate treatement, 10.3%), Burundi (Most Favoured Nation duty rate treatement, 10.3%), Benin (Most Favoured Nation duty rate treatement, 10.3%), Burkina Faso (Most Favoured Nation duty rate treatement, 10.3%), and Botswana (Most Favoured Nation duty rate treatement, 10.3%).
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