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2023
Flag → Flag
Exports $110BRnk 8 / 208
2023
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Top Product $11.7BCars
2023
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Exports $129BRnk 1 / 137
2023
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Top Product $60.7BCrude Petroleum
2023
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Economic Complexity (ECI) ECI 1.16Rnk 21 / 132
2023
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Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
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GDP$17.8TCURRENT US$
Rnk 2 / 195
2013-2023
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GDP GROWTH85.9%CURRENT US$
Rnk 22 / 195
2023
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 GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
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GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 195
2023
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GDP PC $12,614CURRENT US$
Rnk 80 / 195
2013-2023
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GDP PC GROWTH79.7%CURRENT US$
Rnk 17 / 195
2023
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GDP PC$13,817CURRENT US$
Rnk 74 / 196
2013-2023
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GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195

About

China-Russia Trade: In 2023, China exported $110B to Russia. The main products that China exported to Russia were Cars ($11.7B), Broadcasting Equipment ($4.08B), and Tractors ($3.75B). Over the past 5 years the exports of China to Russia have increased at an annualized rate of 15.8%, from $52.9B in 2018 to $110B in 2023.

In 2023, China did not export any services to Russia.

Russia-China Trade: In 2023, Russia exported $129B to China. The main products that Russia exported to China were Crude Petroleum ($60.7B), Coal Briquettes ($14.4B), and Petroleum Gas ($11.7B). Over the past 5 years the exports of Russia to China have increased at an annualized rate of 18.3%,  from $55.6B in 2018 to $129B in 2023.

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 2023,  China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T). That same year, Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B).

Latest Trends

December, 2024

About

Overview In December 2024, China exported $11.3B and imported $10.7B from Russia, resulting in a positive trade balance of $633M. Between December 2023 and December 2024 the exports of China have increased by $593M (5.54%) from $10.7B to $11.3B, while imports decreased by $-526M (-4.7%) from $11.2B to $10.7B.

Trade In December 2024, the top exports of China to Russia were Cars ($806M), Telephones ($349M), Computers ($237M), Delivery Trucks ($226M), and Motor vehicles; parts and accessories (8701... ($212M). In December 2024 the top imports of China from Russia were Crude Petroleum ($4.75B), Petroleum Gas ($1.15B), Coal Briquettes ($827M), Refined Petroleum ($788M), and Raw Aluminium ($383M).

Origins In December 2024 the exports of China were mainly from Zhejiang Province ($2.01B), Guangdong Province ($1.61B), Jiangsu Province ($976M), Shandong Province ($975M), and Anhui Province ($714M), while imports destinations were mainly Beijing ($2.63B), Heilongjiang Province ($2.29B), Shandong Province ($2.07B), Shanghai Province ($977M), and Zhejiang Province ($367M).

Growth In December 2024, the increase in China's year-by-year exports to Russia was explained primarily by an increase in product exports in Cars ($409M or 103%), Tractors ($108M or 111%), and Telephones ($107M or 44.5%). In December 2024, the decrease in China's year-by-year imports  from Russia was explained primarily by an decrease in product imports  in Coal Briquettes ($-665M or -44.6%), Sulfate Chemical Woodpulp ($-50M or -37.8%), and Rapeseed Oil ($-37.1M or -29.1%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$593M(5.54%)
IMPORT GROWTH (December 2023 - December 2024)$-526M(-4.7%)
MAIN EXPORTER (December 2024)Zhejiang Province$2.01B

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 2023, China exported $110B to Russia. The main products exported from China to Russia were Cars ($11.7B), Broadcasting Equipment ($4.08B), and Tractors ($3.75B). During the last 5 years the exports of China to Russia have increased at an annualized rate of 15.8%, from $52.9B in 2018 to $110B in 2023.

In 2018, Russia exported $129B to China. The main products exported from Russia to China were Crude Petroleum ($60.7B), Coal Briquettes ($14.4B), and Petroleum Gas ($11.7B). During the last 5 years the exports of Russia to China have increased at an annualized rate of 18.3%, from $55.6B in 2023 to $129B in 2018.

Exports from China (Flag) to Russia (Flag) (2023)

Exports from Russia (Flag) to China (Flag) (2023)

Market Competitiveness

Color
China
Top DestinationUnited States$436B
Russia
Top DestinationChina$129B

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 2023, countries that imported more from China than Russia included United States ($436B), Hong Kong ($259B), and Japan ($169B).

In 2023, countries that imported more from Russia than China included Armenia ($3.88B), Bulgaria ($3.51B), and Georgia ($1.74B).

Difference in imports from Russia (Flag) and China (Flag) (2023)

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 2023, China had a large net trade with Russia in the exports of Machines ($42.3B), Transportation ($23.3B), and Metals ($6.93B).

During 2018, Russia had a large net trade with China in the exports of Mineral Products ($99.3B), Metals ($8.3B), and Wood Products ($3.17B).

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) (2023)

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