{"id":13284,"date":"2026-01-26T12:40:59","date_gmt":"2026-01-26T09:40:59","guid":{"rendered":""},"modified":"2026-01-26T12:40:59","modified_gmt":"2026-01-26T09:40:59","slug":"russian-gold-exports-to-china-surge-800-to-hit-historic-high","status":"publish","type":"post","link":"https:\/\/harici.com.tr\/en\/russian-gold-exports-to-china-surge-800-to-hit-historic-high\/","title":{"rendered":"Russian gold exports to China surge 800% to hit historic high"},"content":{"rendered":"

Russia\u2019s physical gold exports to China reached a historic milestone in 2025, surging ninefold to 25.3 tons, according to data from the General Administration of Customs of China reported<\/a><\/span> by RIA Novosti.<\/p>\n

This 800% increase represents a significant turning point in the bilateral trade relationship between the two nations. The monetary value of these exports grew even more sharply, rising 14.6 times to reach $3.29 billion, outpacing the growth in volume.<\/p>\n

The figures represent an all-time high for gold trade between Moscow and Beijing in terms of both tonnage and value. December 2025 stood out as a particularly record-breaking month, with 10 tons of gold valued at $1.35 billion shipped in a single 31-day period.<\/p>\n

Climbing the supplier ranks: Russia secures seventh place<\/strong><\/p>\n

Russia\u2019s rapid momentum has fundamentally reshaped Beijing\u2019s list of top gold suppliers. After ranking 11th in 2024, Russia climbed to seventh place last year.<\/p>\n

Switzerland maintained its dominant position as China\u2019s leading supplier with $25.73 billion in sales, followed by Canada at $11.06 billion. Other major players in the market included South Africa ($9.42 billion), Australia ($8.77 billion), and Kyrgyzstan ($4.95 billion).<\/p>\n

Beijing\u2019s anti-dollar strategy fuels demand<\/strong><\/p>\n

The sharp uptick in Chinese purchases of Russian gold aligns with Beijing\u2019s broader strategic objective to bolster its reserves and reduce the economy\u2019s reliance on the US dollar.<\/p>\n

An analysis published by the Financial Times in November suggested that China\u2019s actual gold imports may be significantly higher than official figures indicate. Analysts at Societe Generale estimate that total Chinese acquisitions may have reached 250 tons\u2014accounting for more than a third of all gold purchased by central banks globally last year.<\/p>\n

Production rises, but total exports lag behind pre-war levels<\/strong><\/p>\n

According to data<\/a><\/span> from the consultancy firm Technologies of Trust (TeDo), Russia\u2019s gold mining sector saw a 5.5% year-on-year expansion in the first half of 2025, reaching a production volume of 160 tons.<\/p>\n

Analysts project that total production will hit 345 tons by year-end, a modest increase compared to the 330 tons produced in 2024.<\/p>\n

However, the war in Ukraine and the subsequent imposition of heavy international sanctions have profoundly impacted Russia\u2019s global gold export footprint. Total export volume, which stood at 261 tons in 2022, plummeted by 40% to just 158 tons in 2024.<\/p>\n

National Wealth Fund gold reserves continue to dwindle<\/strong><\/p>\n

Despite the successful pivot of export routes toward China, a notable decline has been observed in Russia\u2019s strategic reserves.<\/p>\n

Data from the Russian Ministry of Finance reveals that gold holdings within the National Wealth Fund (NWF)\u2014which is utilized to finance budget deficits\u2014shrank by 71% between 2022 and 2025.<\/p>\n

In May 2022, the fund held 554.9 tons of gold. By January 1, 2025, the amount remaining in accounts held with the Central Bank had dropped to 160.2 tons. This depletion underscores the extent to which Moscow is liquidating its gold reserves to sustain its war economy and maintain fiscal balance.<\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Russia\u2019s physical gold exports to China reached a historic milestone in 2025, surging ninefold to 25.3 tons, according to data from the General Administration of Customs of China reported by RIA Novosti. This 800% increase represents a significant turning point in the bilateral trade relationship between the two nations. The monetary value of these exports […]<\/p>\n","protected":false},"author":1,"featured_media":13285,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"footnotes":""},"categories":[5],"tags":[567,3472,4057,529,10067,7603,15822,15824,971,14968,15823,14969,683,659,5788],"class_list":["post-13284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-russia","tag-beijing","tag-budget-deficit","tag-central-banks","tag-china","tag-de-dollarization","tag-economic-strategy","tag-gold-exports","tag-gold-mining","tag-moscow","tag-national-wealth-fund","tag-nwf","tag-precious-metals","tag-russia","tag-sanctions","tag-trade-relations"],"yoast_head":"\nRussian gold exports to China surge 800% to hit historic high - Harici<\/title>\n<meta name=\"description\" content=\"Russia\u2019s gold exports to China skyrocketed 800% in 2025, reaching a record $3.29 billion as Moscow pivots trade amid sanctions.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/harici.com.tr\/en\/russian-gold-exports-to-china-surge-800-to-hit-historic-high\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Russian gold exports to China surge 800% to hit historic high - 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