2022
Exports
$915MWorld Rnk 13 / 144
Flag Rnk 38 / 1200
2022
PRODUCT COMPLEXITY IN Silver
-0.98Rnk 832 / 1025
2022
Imports
$6.14MWorld Rnk 56 / 182
Flag Rnk 857 / 1201
2022
ECONOMIC COMPLEXITY of Russia
0.43Rnk 47 / 133

About

Exports In 2022, Russia exported $915M in Silver, making it the 13th largest exporter of Silver in the world. At the same year, Silver was the 38th most exported product in Russia. The main destination of Silver exports from Russia are: Turkey ($493M), India ($203M), United Arab Emirates ($97.6M), Italy ($58.9M), and Germany ($16.3M).

The fastest growing export markets for Silver of Russia between 2021 and 2022 were Turkey ($302M), United Arab Emirates ($97.6M), and Italy ($49.1M).

Imports In 2022, Russia imported $6.14M in Silver, becoming the 56th largest importer of Silver in the world. At the same year, Silver was the 857th most imported product in Russia. Russia imports Silver primarily from: Italy ($3.22M), Poland ($610k), South Korea ($354k), Lithuania ($347k), and Turkey ($345k).

The fastest growing import markets in Silver for Russia between 2021 and 2022 were Poland ($466k), Turkey ($314k), and Spain ($173k).

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 Silver. 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)$915M
IMPORTS (2022)$6.14M
NET TRADE (2022)$908M

In 2022, Russia exported $915M in Silver. The main destinations of Russia exports on Silver were Turkey ($493M), India ($203M), United Arab Emirates ($97.6M), Italy ($58.9M), and Germany ($16.3M).

In 2022, Russia imported $6.14M in Silver, mainly from Italy ($3.22M), Poland ($610k), South Korea ($354k), Lithuania ($347k), and Turkey ($345k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silver EXPORT MARKETS FOR Russia WERE (2021 - 2022):
Turkey$302M (158%)
United Arab Emirates$97.6M (5.22M%)
Italy$49.1M (500%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silver BY Russia WERE (2021 - 2022):
United Kingdom-$200M (-93.9%)
United States-$79.9M (-99.8%)
Switzerland-$65M (-92.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Russia's main exporting competitors in Silver were:
In 2022, Russia's main importing competitors in Silver were:

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Trade Value of Silver by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $19.8M
TOP IMPORT POTENTIALPoland+ $1.06M

Silver’s highest export potential is Germany. With an export gap of $19.8M.   Silver’s highest import potential is Poland with an import gap of $1.06M.

See methodology.

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