2022
Exports
$28MWorld Rnk 27 / 162
Flag Rnk 390 / 1200
2022
PRODUCT COMPLEXITY IN Precious Stones
-1.14Rnk 866 / 1025
2022
Imports
$25.5MWorld Rnk 20 / 185
Flag Rnk 610 / 1201
2022
ECONOMIC COMPLEXITY of Russia
0.43Rnk 47 / 133

About

Exports In 2022, Russia exported $28M in Precious Stones, making it the 27th largest exporter of Precious Stones in the world. At the same year, Precious Stones was the 390th most exported product in Russia. The main destination of Precious Stones exports from Russia are: China ($23.6M), India ($1.29M), United Arab Emirates ($858k), Thailand ($589k), and Estonia ($411k).

The fastest growing export markets for Precious Stones of Russia between 2021 and 2022 were China ($15.4M), Estonia ($375k), and South Korea ($220k).

Imports In 2022, Russia imported $25.5M in Precious Stones, becoming the 20th largest importer of Precious Stones in the world. At the same year, Precious Stones was the 610th most imported product in Russia. Russia imports Precious Stones primarily from: Armenia ($20.2M), Thailand ($2.63M), Hong Kong ($1.6M), United Arab Emirates ($445k), and India ($224k).

The fastest growing import markets in Precious Stones for Russia between 2021 and 2022 were Armenia ($12.4M), Hong Kong ($1.47M), and Kazakhstan ($161k).

Latest Trends

Oct 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 (2022)$28M
IMPORTS (2022)$25.5M
NET TRADE (2022)$2.59M

In 2022, Russia exported $28M in Precious Stones. The main destinations of Russia exports on Precious Stones were China ($23.6M), India ($1.29M), United Arab Emirates ($858k), Thailand ($589k), and Estonia ($411k).

In 2022, Russia imported $25.5M in Precious Stones, mainly from Armenia ($20.2M), Thailand ($2.63M), Hong Kong ($1.6M), United Arab Emirates ($445k), and India ($224k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Stones EXPORT MARKETS FOR Russia WERE (2021 - 2022):
China$15.4M (189%)
Estonia$375k (1.04k%)
South Korea$220k (247%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Stones BY Russia WERE (2021 - 2022):
Hong Kong-$4.44M (-95.5%)
India-$3.24M (-71.5%)
United States-$1.09M (-95.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Russia's main exporting competitors in Precious Stones were:
In 2022, 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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