2021
Exports | Imports
$19.1B | $80.6MWorld Rnk 6 / 172
Flag Rnk 5 / 1209
World Rnk 59 / 176
Flag Rnk 485 / 1206
2021
ECONOMIC COMPLEXITY of Russia
0.46Rnk 45 / 131
2021
PRODUCT COMPLEXITY IN Gold
-2.48Rnk 1018 / 1024

About

Exports In 2021, Russia exported $19.1B in Gold, making it the 6th largest exporter of Gold in the world. At the same year, Gold was the 5th most exported product in Russia. The main destination of Gold exports from Russia are: United Kingdom ($15.4B), Singapore ($949M), Switzerland ($564M), Kazakhstan ($366M), and Italy ($333M).

The fastest growing export markets for Gold of Russia between 2020 and 2021 were Singapore ($946M), Germany ($317M), and Italy ($281M).

Imports In 2021, Russia imported $80.6M in Gold, becoming the 59th largest importer of Gold in the world. At the same year, Gold was the 485th most imported product in Russia. Russia imports Gold primarily from: Switzerland ($58.5M), Belarus ($13.4M), Kazakhstan ($3.35M), Italy ($1.23M), and Kyrgyzstan ($1.08M).

The fastest growing import markets in Gold for Russia between 2020 and 2021 were Switzerland ($33.3M), Kazakhstan ($2.17M), and Kyrgyzstan ($1.08M).

Latest Trends

Dec 2023

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Gold. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2021)$19.1B
IMPORTS (2021)$80.6M
NET TRADE (2021)$19B

In 2021, Russia exported $19.1B in Gold. The main destinations of Russia exports on Gold were United Kingdom ($15.4B), Singapore ($949M), Switzerland ($564M), Kazakhstan ($366M), and Italy ($333M).

In 2021, Russia imported $80.6M in Gold, mainly from Switzerland ($58.5M), Belarus ($13.4M), Kazakhstan ($3.35M), Italy ($1.23M), and Kyrgyzstan ($1.08M).

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Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Gold EXPORT MARKETS FOR Russia WERE (2020 - 2021):
Singapore$946M (27.4k%)
Germany$317M (11.4k%)
Italy$281M (535%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY Russia WERE (2020 - 2021):
United Kingdom-$1.55B (-9.16%)
Turkey-$260M (-68.4%)
Switzerland-$127M (-18.4%)

Change in Exports by Market (2020 - 2021)

Market Concentration

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Flow
Type
In 2021, Russia's main exporting competitors in Gold were:
In 2021, Russia's main importing competitors in Gold were:

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Trade Value of Gold by Exporters

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