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

About

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.

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.

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

Latest Trends

January, 2022

About

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

Time Scale
Flow
Value
Depth
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.

For full datasets download visit Bulk Download page.

Explore China and Russia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $129B in 2023.

In 2018, 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 2023 to $110B in 2018.

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

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

Market Competitiveness

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

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

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

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

Comparative Advantage Russia - China

Flow
Scale

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

During 2023, Russia had a large net trade with China in the exports of Mineral Products ($99.3B), Metals ($8.3B), and Wood Products ($3.17B).

During 2018, China had a large net trade with Russia in the exports of Machines ($42.3B), Transportation ($23.3B), and Metals ($6.93B).

Potential Exports

Potential Exports

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

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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Economic Complexity

Competitive Landscape

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

Product Space of Russia (Flag) and China (Flag) (2023)

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