2023
Exports
$1.48BWorld Rnk 3 / 108
Flag Rnk 21 / 1200
2023
PRODUCT COMPLEXITY IN Precious Metal Ore
-1.75Rnk 979 / 1025
2023
Imports
$189MWorld Rnk 9 / 107
Flag Rnk 229 / 1186
2023
ECONOMIC COMPLEXITY of Russia
0.3Rnk 50 / 132

About

Exports In 2023, Russia exported $1.48B in Precious Metal Ore, making it the 3rd largest exporter of Precious Metal Ore in the world. At the same year, Precious Metal Ore was the 21st most exported product in Russia. The main destination of Precious Metal Ore exports from Russia are: China ($1.28B), Kazakhstan ($164M), Japan ($28.1M), Chinese Taipei ($11.6M), and Armenia ($10).

The fastest growing export markets for Precious Metal Ore of Russia between 2022 and 2023 were China ($852M), Chinese Taipei ($11.6M), and Armenia ($10).

Imports In 2023, Russia imported $189M in Precious Metal Ore, becoming the 9th largest importer of Precious Metal Ore in the world. At the same year, Precious Metal Ore was the 229th most imported product in Russia. Russia imports Precious Metal Ore primarily from: Kazakhstan ($189M), United Arab Emirates ($18.7k), Turkey ($15.5k), and Armenia ($100).

The fastest growing import markets in Precious Metal Ore for Russia between 2022 and 2023 were Turkey ($15.5k), United Arab Emirates ($13.7k), and Armenia ($100).

Latest Trends

Dec 2024

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 Precious Metal Ore. 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 (2023)$1.48B
IMPORTS (2023)$189M
NET TRADE (2023)$1.3B

In 2023, Russia exported $1.48B in Precious Metal Ore. The main destinations of Russia exports on Precious Metal Ore were China ($1.28B), Kazakhstan ($164M), Japan ($28.1M), Chinese Taipei ($11.6M), and Armenia ($10).

In 2023, Russia imported $189M in Precious Metal Ore, mainly from Kazakhstan ($189M), United Arab Emirates ($18.7k), Turkey ($15.5k), and Armenia ($100).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Ore EXPORT MARKETS FOR Russia WERE (2022 - 2023):
China$852M (199%)
Chinese Taipei$11.6M (1%)
Armenia$10 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Ore BY Russia WERE (2022 - 2023):
Kazakhstan-$129M (-43.9%)
Japan-$36M (-56.1%)
Bulgaria-$3.54M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Russia's main exporting competitors in Precious Metal Ore were:
In 2023, Russia's main importing competitors in Precious Metal Ore were:

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Trade Value of Precious Metal Ore by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $148M
TOP IMPORT POTENTIALAustralia+ $3.6M

Precious Metal Ore’s highest export potential is China. With an export gap of $148M.   Precious Metal Ore’s highest import potential is Australia with an import gap of $3.6M.

See methodology.

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