The exports of goods from Russia to China stood at around 69 billion U.S. dollars in 2021, marking an increase compared to the previous year. Russian merchandise imports into China gradually have increased in value since 2015, reaching nearly 72.7 billion U.S. dollars in 2021. Over the observed period, the trade balance of Russia with China was positive only in 2018 in 2019.
Trade in Russia
China was the leading export destination of Russian commodities as well as the major import partner of the country as of 2021. Germany listed in the third place by export value and ranked as the second largest origin of imports to the country over the same period. Russia is one of the leading exporters of goods worldwide. Fuels, minerals, and energy products are its major export commodity groups.
Russian trade in times of coronavirus
The coronavirus (COVID-19) pandemic affected all segments of the Russian economy, including international trade. Nonetheless, in February 2020, certain agricultural product exports from Russia to China experienced a positive growth. The especially significant increase was recorded for fish products at over 50 percent year-on-year. Further up-to-date statistics and facts about trade in Russia can be found in a dedicated topic page.
Value of Russian trade in goods (export, import, and trade balance) with China from 2007 to 2021
(in billion U.S. dollars)
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Trade Map. (May 19, 2023). Value of Russian trade in goods (export, import, and trade balance) with China from 2007 to 2021 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1003171/russia-value-of-trade-in-goods-with-china/
Trade Map. "Value of Russian trade in goods (export, import, and trade balance) with China from 2007 to 2021 (in billion U.S. dollars)." Chart. May 19, 2023. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1003171/russia-value-of-trade-in-goods-with-china/
Trade Map. (2023). Value of Russian trade in goods (export, import, and trade balance) with China from 2007 to 2021 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1003171/russia-value-of-trade-in-goods-with-china/
Trade Map. "Value of Russian Trade in Goods (Export, Import, and Trade Balance) with China from 2007 to 2021 (in Billion U.S. Dollars)." Statista, Statista Inc., 19 May 2023, https://www.statista.com/statistics/1003171/russia-value-of-trade-in-goods-with-china/
Trade Map, Value of Russian trade in goods (export, import, and trade balance) with China from 2007 to 2021 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1003171/russia-value-of-trade-in-goods-with-china/ (last visited November 23, 2024)
Value of Russian trade in goods (export, import, and trade balance) with China from 2007 to 2021 (in billion U.S. dollars) [Graph], Trade Map, May 19, 2023. [Online]. Available: https://www.statista.com/statistics/1003171/russia-value-of-trade-in-goods-with-china/
