Last year, Indian companies supplied silver worth $910,000 to the Russian market, up from $900,000 in 2024. While modest in volume, the figure marks a notable nine-year peak. Earlier data prior to 2017 has not been published.
Globally, India’s largest silver export destinations were the United Kingdom, which accounted for 74.3% of total exports, followed by the United States (10.2%) and Germany (2.3%). Russia received just over 1% of India’s silver exports.
This increase highlights the steady trade relationship between India and Russia, even as India continues to expand its silver exports to major global markets.