Gold in Russia | The Observatory of Economic Complexity

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Exports In 2023, Russia exported $13.6B in Gold, making it the 12th 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: Hong Kong ($5.21B), Switzerland ($3.91B), United Arab Emirates ($2.52B), Armenia ($1.34B), and China ($321M).

The fastest growing export markets for Gold of Russia between 2022 and 2023 were Hong Kong ($4.63B), Armenia ($1.13B), and Switzerland ($194M).

Imports In 2023, Russia imported $183M in Gold, becoming the 48th largest importer of Gold in the world. At the same year, Gold was the 241st most imported product in Russia. Russia imports Gold primarily from: Kazakhstan ($171M), United Arab Emirates ($9.5M), Armenia ($1.27M), Hong Kong ($1.03M), and Thailand ($167k).

The fastest growing import markets in Gold for Russia between 2022 and 2023 were Kazakhstan ($113M), Hong Kong ($1.03M), and Thailand ($167k).

Dec 2024

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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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Trade Value

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EXPORTS (2023)$13.6B

IMPORTS (2023)$183M

NET TRADE (2023)$13.4B

In 2023, Russia exported $13.6B in Gold. The main destinations of Russia exports on Gold were Hong Kong ($5.21B), Switzerland ($3.91B), United Arab Emirates ($2.52B), Armenia ($1.34B), and China ($321M).

In 2023, Russia imported $183M in Gold, mainly from Kazakhstan ($171M), United Arab Emirates ($9.5M), Armenia ($1.27M), Hong Kong ($1.03M), and Thailand ($167k).