Russia (RUS) and China (CHN) Trade | OEC - The Observatory of Economic Complexity

About

Russia-China In 2021, Russia exported $70.9B to China. The main products that Russia exported to China are Crude Petroleum ($35.4B), Coal Briquettes ($4.69B), and Refined Petroleum ($3.91B). During the last 26 years the exports of Russia to China have increased at an annualized rate of 12.7%, from $3.18B in 1995 to $70.9B in 2021.

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.

China-Russia In 2021, China exported $67.7B to Russia. The main products that China exported to Russia were Broadcasting Equipment ($5.62B), Computers ($3.85B), and Motor vehicles; parts and accessories (8701 to 8705) ($1.53B). During the last 26 years the exports of China to Russia have increased at an annualized rate of 15.3%, from $1.66B in 1995 to $67.7B in 2021.

In 2021, China did not export any services to Russia.

Comparison In 2021, Russia ranked 45 in the Economic Complexity Index (ECI 0.46), and 10 in total exports ($484B). That same year, China ranked 25 in the Economic Complexity Index (ECI 1.07), and 1 in total exports ($3.34T).

Latest Trends

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January, 2022

About

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Overview In January 2022, Russia exported $5.8B and imported $7.2B from China, resulting in a negative trade balance of $1.4B. Between January 2021 and January 2022 the exports of Russia have increased by $1.39B (31.6%) from $4.41B to $5.8B, while imports increased by $2.83B (64.6%) from $4.38B to $7.2B.

Trade In January 2022, the top exports of Russia to China were Crude Petroleum ($2.17B), Refined Petroleum ($417M), Soybeans ($314M), Refined Copper ($174M), and Sawn Wood ($129M). In January 2022 the top imports of Russia from China were Telephones ($587M), Computers ($305M), Motor vehicles; parts and accessories (8701... ($118M), Electric Heaters ($83.8M), and Other toys ($66.7M).

Origins In January 2022 the exports of Russia were mainly from MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($2.66B), KHANTY-MANSIYSK AUTONOMOUS AREA ($469M), IRKUTSK REGION ($373M), LENINGRAD REGION ($337M), and SAKHALIN REGION ($312M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($3.35B), MOSCOW REGION ($896M), ST. PETERSBURG ($576M), PRIMORYE TERRITORY ($383M), and YAMAL-NENETS AUTONOMOUS AREA ($201M).

Growth In January 2022, the increase in Russia's year-by-year exports to China was explained primarily by an increase in product exports in Soybeans ($295M or 1.57k%), Raw Aluminium ($91.5M or 3.48k%), and Commodities not elsewhere specified ($88.9M or 392%). In January 2022, the increase in Russia's year-by-year imports from China was explained primarily by an increase in product imports in Motor vehicles; parts and accessories (8701... ($27.7M or 30.6%), Air Pumps ($23.2M or 80.1%), and Refrigerators ($18.7M or 149%).

Latest Trade

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Flow

Time Scale

Depth

Value

EXPORT GROWTH (January 2021 - January 2022): $1.39B, (31.6%)

IMPORT GROWTH (January 2021 - January 2022): $2.83B, (64.6%)

MAIN EXPORTER (January 2022): MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION, $2.66B

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

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

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Historical Data

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Bilateral Trade by Products

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Depth

Value

Year

In 2021, Russia exported $70.9B to China. The main products exported from Russia to China were Crude Petroleum ($35.4B), Coal Briquettes ($4.69B), and Refined Petroleum ($3.91B). During the last 26 years the exports of Russia to China have increased at an annualized rate of 12.7%, from $3.18B in 1995 to $70.9B in 2021.

In 2021, China exported $67.7B to Russia. The main products exported from China to Russia were Broadcasting Equipment ($5.62B), Computers ($3.85B), and Motor vehicles; parts and accessories (8701 to 8705) ($1.53B). During the last 26 years the exports of China to Russia have increased at an annualized rate of 15.3%, from $1.66B in 1995 to $67.7B in 2021.

Market Competitiveness

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Color

SectionYear

Russia
Top Destination: China, $70.9B

China
Top Destination: United States, $530B

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

In 2021, countries that imported more from Russia than China were Belarus ($20.5B), Kazakhstan ($18.1B), and Finland ($8.93B).

In 2021, countries that imported more from China than Russia were United States ($530B), Hong Kong ($323B), and Japan ($168B).

Comparative Advantage Russia - China

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Flow

Scale

Year

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

During 2021, Russia had a large net trade with China in the exports of Mineral Products ($51.1B), Metals ($4.89B), and Wood Products ($3.6B).

During 2021, China had a large net trade with Russia in the exports of Machines ($31B), Metals ($5.64B), and Textiles ($5.36B).

Service Trade

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Bilateral Service Trade

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Rus Year

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.

Economic Complexity

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Competitive Landscape

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Year

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

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Russia - China

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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