According to SeaNews Russian Foreign Trade Customs Statistics online service, in Q1 2020 Russia exported 135.3 tons silver (+54.5%) worth $73.1 mn (+88.9%).
Russian silver was exported to 11 countries during the reporting period, the major importers being India, Great Britain and Switzerland, while the main exporting regions were Moscow, St. Petersburg and Kostroma Oblast.
Silver export to India increased by 79.8% up to 71.2 tons. In monetary terms, shipments were up 2.1 times to $40.7 mn. Most of the silver was shipped from St. Petersburg and Moscow.
Silver export to the UK amounted to 47 tons (+32.4%) worth $22.8 mn (+29.5%). Almost all of it was shipped from Moscow.
16 tons of silver, 8.4 times more than last year, was exported to Switzerland. In monetary terms, silver exports export to this country surged 10.1 times up to $9.1 mn. Shipments originated from Kostroma Oblast and Moscow.
Moscow was the major exporting region with 81.4 tons of silver, up 10.7% year-on-year worth 42.1 mn, up 15.7%. From Moscow, silver was shipped to Great Britain, India and Switzerland.
Shipments from St. Petersburg amounted to 40.3 tons worth $23.2 mn, almost all the shipments were designated for India. In the first quarter of last year, shipments from St. Petersburg were negligible.
Kostroma region exported 12.8 tons (up 6.4-fold) of silver worth $7.2 mn (up 7.2-fold) to Switzerland and the UK.