Gold trade between Russia and China has reached a record high
In November 2025, a historic event occurred in gold trade between Russia and China. This was reported by Zamin.uz.
A record amount of gold was exported from Russia to China, marking an important milestone in the economic cooperation between the two countries. According to data from the Chinese customs service, in November, gold worth 961 million US dollars was delivered from Russia to China.
This figure surpassed the export volume of 930 million dollars in October. From January to November 2025, China imported gold worth 1.9 billion dollars from Russia.
Especially considering that gold trade amounted to only 9 million dollars in the first nine months of the year, the sharp increase in this figure over the last two months is noteworthy. This year's results are significantly higher compared to the previous year, as Russia did not export any gold to China in October and November 2024.
There are various analyses regarding the reasons behind China's gold purchases. Western experts link these purchases to China's strategy to reduce dependence on the US dollar and strengthen its economy.
China is expected to buy approximately 250 tons of gold in 2025, which accounts for more than one-third of the total demand from central banks worldwide. According to data from the World Gold Council, although China's official purchases are reported to be lower, experts emphasize that the actual volume may be several times higher than the official statistics.
Discussions continue about how China's increase in gold reserves will affect the global economy, particularly the status of the US dollar. This process may signal the beginning of new trends in the world economy.
