2022
Flag  
GDP
$18TCURRENT US$
Rnk 2 / 186
2012-2022
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GDP GROWTH
111%CURRENT US$
Rnk 11 / 186
2022
Flag
 GDP
$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP GROWTH
1.45%CURRENT US$
Rnk 164 / 186
2022
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GDP PC 
$12,720CURRENT US$
Rnk 67 / 186
2012-2022
Flag
GDP PC GROWTH
102%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 $75.4B 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 10.5%, from $45.7B in 2017 to $75.4B in 2022.

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

Russia-China Trade: In 2022, Russia exported $101B 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 19.1%,  from $42B in 2017 to $101B 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).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, China exported $75.4B 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 10.5%, from $45.7B in 2017 to $75.4B in 2022.

In 2017, Russia exported $101B 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 5 years the exports of Russia to China have increased at an annualized rate of 19.1%, from $42B in 2022 to $101B in 2017.

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

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

Market Competitiveness

Color
China
Top Destination
United States$551B
Russia
Top Destination
China$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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