Flag China / Russia Flag

2019
FlagFlag
Exports
: $47.1B, Rnk 16 / 209

2019
FlagFlag
Top Product
: $4.1B, Broadcasting Equipment

2019
FlagFlag
Exports
: $58.1B, Rnk 1 / 197

2019
FlagFlag
Top Product
: $33.7B, Crude Petroleum

2019
Flag
Economic Complexity (ECI)
: ECI 1.01, Rnk 29 / 146

2019
Flag
Economic Complexity (ECI)
: ECI 0.58, Rnk 45 / 146

2019
Flag  
GDP
: $14.3T, CURRENT US$
Rnk 2 / 187

2009-2019
Flag
GDP GROWTH
: 181%, CURRENT US$
Rnk 6 / 187

2019
Flag
 GDP
: $1.7T, CURRENT US$
Rnk 11 / 187

2009-2019
Flag
GDP GROWTH
: 39%, CURRENT US$
Rnk 113 / 187

2019
Flag
GDP PC 
: $10,262, CURRENT US$
Rnk 71 / 187

2009-2019
Flag
GDP PC GROWTH
: 168%, CURRENT US$
Rnk 2 / 187

2019
Flag
GDP PC
: $11,585, CURRENT US$
Rnk 65 / 187

2009-2019
Flag
GDP PC GROWTH
: 35.3%, CURRENT US$
Rnk 81 / 187

China-Russia In 2019, China exported $47.1B to Russia. The main products that China exported to Russia are Broadcasting Equipment ($4.1B), Computers ($2.13B), and Vehicle Parts ($1B). During the last 24 years the exports of China to Russia have increased at an annualized rate of 14.9%, from $1.66B in 1995 to $47.1B in 2019.

In 2019, China did not export any services to Russia.

Russia-China In 2019, Russia exported $58.1B to China . The main products that Russia exported to China were Crude Petroleum ($33.7B), Refined Petroleum ($3.34B), and Sawn Wood ($2.52B). During the last 24 years the exports of Russia to China have increased at an annualized rate of 12.8%, from $3.21B in 1995 to $58.1B in 2019.

In 2018, Russia exported services to China worth $3.1B, with Transportation ($1.33B), Travel ($801M), and Construction services ($433M) being the largest in terms of value.

Comparison In 2019,  China ranked 29 in the Economic Complexity Index (ECI 1.01), and 1 in total exports ($2.57T). That same year, Russia ranked 45 in the Economic Complexity Index (ECI 0.58), and 13 in total exports ($407B).

Historical Data

#permalink to section

Bilateral Trade by Products

#permalink to section
Depth
Value
Compare to

In 2019, China exported $47.1B to Russia. The main products exported from China to Russia were Broadcasting Equipment ($4.1B), Computers ($2.13B), and Vehicle Parts ($1B). During the last 24 years the exports of China to Russia have increased at an annualized rate of 14.9%, from $1.66B in 1995 to $47.1B in 2019.

In 2019, Russia exported $58.1B to China. The main products exported from Russia to China were Crude Petroleum ($33.7B), Refined Petroleum ($3.34B), and Sawn Wood ($2.52B). During the last 24 years the exports of Russia to China have increased at an annualized rate of 12.8%, from $3.21B in 1995 to $58.1B in 2019.

Russia Exports

#permalink to section

Market Competitiveness

#permalink to section
Measure

China
Top Destination
: United States, $429B

Russia
Top Destination
: China, $58.1B

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 2019, countries that imported more from China than Russia were United States ($429B), Hong Kong ($268B), and Japan ($152B).

In 2019, countries that imported more from Russia than China were Belarus ($20.5B), Finland ($9.5B), and Kazakhstan ($13.9B).

Comparative Advantage China - Russia

#permalink to section
Depth

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

During 2019, China had a large net trade with Russia in the exports of Machines ($20.2B), Textiles ($5.02B), and Metals ($3.99B).

During 2019, Russia had a large net trade with China in the exports of Mineral Products ($42B), Wood Products ($3.4B), and Metals ($3.06B).

Tariff Section

#permalink to section

This section shows import tariffs for products traded between China and Russia (using the HS6 product classification and the last year reported).

In 2018, the products from China that paid the highest import tariffs to enter Russia were Vermouth and other flavoured grape wines - pack < 2l (65%) and Vermouth and other flavoured grape wines - pack > 2l (65%).

In 2018, the products from Russia that paid the highest import tariffs to enter China were Undenatured ethyl alcohol > 80% by volume (100%) and Ethyl alcohol and other spirits, denatured (100%).

*The tariffs present between China and Russia are:
125: General duty rate
136: Most Favoured Nation duty rate treatement

Bilateral Service Trade

#permalink to section

In 2018, Russia exported services to China worth $3.1B, with Transportation ($1.33B), Travel ($801M), and Construction services ($433M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more China has comparative advantage over Russia. Similarly, the more red a dot/product is, the more Russia has comparative advantage over China.