2023
Exports
$33.1MWorld Rnk 28 / 164
Flag Rnk 304 / 1200
2023
PRODUCT COMPLEXITY IN Precious Stones
-1.29Rnk 897 / 1025
2023
Imports
$39.7MWorld Rnk 18 / 184
Flag Rnk 513 / 1186
2023
ECONOMIC COMPLEXITY of Russia
0.3Rnk 50 / 132

About

Exports In 2023, Russia exported $33.1M in Precious Stones, making it the 28th largest exporter of Precious Stones in the world. At the same year, Precious Stones was the 304th most exported product in Russia. The main destination of Precious Stones exports from Russia are: China ($24.4M), India ($3.21M), United Arab Emirates ($2.15M), Kazakhstan ($764k), and Estonia ($583k).

The fastest growing export markets for Precious Stones of Russia between 2022 and 2023 were India ($1.92M), United Arab Emirates ($1.28M), and China ($666k).

Imports In 2023, Russia imported $39.7M in Precious Stones, becoming the 18th largest importer of Precious Stones in the world. At the same year, Precious Stones was the 513th most imported product in Russia. Russia imports Precious Stones primarily from: Armenia ($30.1M), Thailand ($7.48M), China ($739k), Hong Kong ($698k), and India ($352k).

The fastest growing import markets in Precious Stones for Russia between 2022 and 2023 were Armenia ($9.9M), Thailand ($4.85M), and China ($559k).

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 Stones. 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)$33.1M
IMPORTS (2023)$39.7M
NET TRADE (2023)-$6.65M

In 2023, Russia exported $33.1M in Precious Stones. The main destinations of Russia exports on Precious Stones were China ($24.4M), India ($3.21M), United Arab Emirates ($2.15M), Kazakhstan ($764k), and Estonia ($583k).

In 2023, Russia imported $39.7M in Precious Stones, mainly from Armenia ($30.1M), Thailand ($7.48M), China ($739k), Hong Kong ($698k), and India ($352k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious Stones EXPORT MARKETS FOR Russia WERE (2022 - 2023):
India$1.92M (149%)
China$666k (2.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Stones BY Russia WERE (2022 - 2023):
South Korea-$309k (-100%)
Hong Kong-$123k (-57.3%)
Germany-$82.7k (-89.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Precious Stones by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $16.2M
TOP IMPORT POTENTIALThailand+ $2M

Precious Stones’s highest export potential is China. With an export gap of $16.2M.   Precious Stones’s highest import potential is Thailand with an import gap of $2M.

See methodology.

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