2022
Flag  
GDP
$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
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GDP GROWTH
1.45%CURRENT US$
Rnk 164 / 186
2022
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 GDP
$18TCURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP GROWTH
111%CURRENT US$
Rnk 11 / 186
2022
Flag
GDP PC 
$15,345CURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP PC GROWTH
-0.49%CURRENT US$
Rnk 145 / 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

About

Russia-China Trade: In 2022, Russia exported $42B 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 67.7%, from $3.17B in 2017 to $42B 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.

China-Russia Trade: In 2022, China exported $45.7B 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 94%,  from $1.66B in 2017 to $45.7B in 2022.

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

Comparison: In 2022,  Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). That same year, China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Russia exported $42B 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 67.7%, from $3.17B in 2017 to $42B in 2022.

In 2017, China exported $45.7B 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 22 years the exports of China to Russia have increased at an annualized rate of 94%, from $1.66B in 1995 to $45.7B in 2017.

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

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

Market Competitiveness

Color
Russia
Top Destination
China$101B
China
Top Destination
United States$551B

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 2022, countries that imported more from Russia than China included Bulgaria ($5.55B), Slovakia ($7.55B), and Armenia ($2.45B).

In 2022, countries that imported more from China than Russia included United States ($551B), Hong Kong ($276B), and Japan ($178B).

Difference in imports from China (Flag) and Russia (Flag) (2022)

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 2022, Russia had a large net trade with China in the exports of Mineral Products ($77.5B), Metals ($7.18B), and Wood Products ($3.19B).

During 2017, China had a large net trade with Russia in the exports of Machines ($30.2B), Transportation ($7.4B), and Chemical Products ($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) (2022)

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