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2022
Flag → Flag
Exports $45.7BRnk 16 / 211
2022
Flag → Flag
Top Product $4.11BBroadcasting Equipment
2022
Flag → Flag
Exports $42BRnk 1 / 138
2022
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Top Product $51BCrude Petroleum
2022
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Economic Complexity (ECI) ECI 1.12Rnk 22 / 133
2022
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Economic Complexity (ECI) ECI 0.43Rnk 47 / 133
2022
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GDP$18TCURRENT US$
Rnk 2 / 186
2012-2022
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GDP GROWTH111%CURRENT US$
Rnk 11 / 186
2022
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 GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
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GDP GROWTH1.45%CURRENT US$
Rnk 164 / 186
2022
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GDP PC $12,720CURRENT US$
Rnk 67 / 186
2012-2022
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GDP PC GROWTH102%CURRENT US$
Rnk 8 / 186
2022
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GDP PC$15,345CURRENT US$
Rnk 63 / 186
2012-2022
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GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 186

About

China-Russia Trade: In 2022, China exported $45.7B to Russia. The main products that China exported to Russia were Broadcasting Equipment ($4.11B), Computers ($2.59B), and Large Construction Vehicles ($1.71B). Over the past 5 years the exports of China to Russia have increased at an annualized rate of 94%, from $1.66B in 2017 to $45.7B in 2022.

In 2022, China did not export any services to Russia.

Russia-China Trade: In 2022, Russia exported $42B to China. The main products that Russia exported to China were Crude Petroleum ($51B), Coal Briquettes ($9.64B), and Petroleum Gas ($9.5B). Over the past 5 years the exports of Russia to China have increased at an annualized rate of 67.7%,  from $3.17B in 2017 to $42B in 2022.

In 2020, Russia exported services to China worth $2.62B, with Transportation ($1.02B), Construction services ($617M), and Other business services ($436M) being the largest in terms of value.

Comparison: In 2022,  China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T). That same year, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).

Latest Trends

May, 2024

About

Overview In May 2024, China exported $9.09B and imported $10.7B from Russia, resulting in a negative trade balance of $1.64B. Between May 2023 and May 2024 the exports of China have decreased by $-181M (-1.96%) from $9.27B to $9.09B, while imports decreased by $-578M (-5.11%) from $11.3B to $10.7B.

Trade In May 2024, the top exports of China to Russia were Cars ($397M), Computers ($276M), Telephones ($242M), Delivery Trucks ($235M), and Large Construction Vehicles ($180M). In May 2024 the top imports of China from Russia were Crude Petroleum ($4.32B), Coal Briquettes ($1.49B), Petroleum Gas ($967M), Refined Petroleum ($358M), and Sawn Wood ($170M).

Origins In May 2024 the exports of China were mainly from Zhejiang Province ($1.43B), Guangdong Province ($1.36B), Shandong Province ($778M), Jiangsu Province ($728M), and Anhui Province ($555M), while imports destinations were mainly Beijing ($2.97B), Heilongjiang Province ($2.35B), Shandong Province ($1.63B), Shanghai Province ($724M), and Jiangsu Province ($498M).

Growth In May 2024, the decrease in China's year-by-year exports to Russia was explained primarily by an decrease in product exports in Telephones ($-416M or -63.2%), Computers ($-158M or -36.3%), and Commodities not elsewhere specified ($-50.6M or -44.5%). In May 2024, the decrease in China's year-by-year imports  from Russia was explained primarily by an decrease in product imports  in Refined Copper ($-306M or -72%), Copper Ore ($-65.8M or -59.5%), and Sawn Wood ($-57.6M or -25.3%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (May 2023 - May 2024)$-181M(-1.96%)
IMPORT GROWTH (May 2023 - May 2024)$-578M(-5.11%)
MAIN EXPORTER (May 2024)Zhejiang Province$1.43B

This section shows exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of China over time.

To check Russia and China trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Russia and China Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, China exported $45.7B to Russia. The main products exported from China to Russia were Broadcasting Equipment ($4.11B), Computers ($2.59B), and Large Construction Vehicles ($1.71B). During the last 5 years the exports of China to Russia have increased at an annualized rate of 94%, from $1.66B in 2017 to $45.7B in 2022.

In 2017, Russia exported $42B to China. The main products exported from Russia to China were Crude Petroleum ($51B), Coal Briquettes ($9.64B), and Petroleum Gas ($9.5B). During the last 22 years the exports of Russia to China have increased at an annualized rate of 67.7%, from $3.17B in 1995 to $42B in 2017.

Exports from China (Flag) to Russia (Flag) (2022)

Exports from Russia (Flag) to China (Flag) (2022)

Market Competitiveness

Color
China
Top DestinationUnited States$551B
Russia
Top DestinationChina$101B

This map shows whether countries import more from China or Russia. Each country is colored based on the difference in imports they receive from China and Russia or the difference in the growth in imports.

In 2022, countries that imported more from China than Russia included United States ($551B), Hong Kong ($276B), and Japan ($178B).

In 2022, countries that imported more from Russia than China included Bulgaria ($5.55B), Slovakia ($7.55B), and Armenia ($2.45B).

Difference in imports from Russia (Flag) and China (Flag) (2022)

Comparative Advantage China - Russia

Flow
Scale

This chart compares trade between China and Russia by product, considering products traded by both, China and Russia.

During 2022, China had a large net trade with Russia in the exports of Machines ($30.2B), Transportation ($7.4B), and Chemical Products ($6.93B).

During 2017, Russia had a large net trade with China in the exports of Mineral Products ($77.5B), Metals ($7.18B), and Wood Products ($3.19B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential China Russia+$2.47BTelephones
Top Product Potential Russia China+$13.1BCrude Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2020, Russia exported services to China worth $2.62B, with Transportation ($1.02B), Construction services ($617M), and Other business services ($436M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia (Flag) to China (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of China and Russia. This means that a dot/product with the flag of China indicates it has a comparative advantage over Russia. Similarly, a dot/product with the flag of Russia indicates it has a comparative advantage over China.

Product Space of China (Flag) and Russia (Flag) (2022)

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