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

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Russia (RUS) and China (CHN) Trade

2022

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Exports $101BRnk 1 / 138

2022

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About

Russia-China Trade: In 2022, Russia exported $101B 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 19.1%, from $42B in 2017 to $101B 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 $75.4B 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 10.5%, from $45.7B in 2017 to $75.4B 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).

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

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

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.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Russia exported $101B 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 19.1%, from $42B in 2017 to $101B in 2022.

In 2017, China exported $75.4B 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 5 years the exports of China to Russia have increased at an annualized rate of 10.5%, from $45.7B in 2022 to $75.4B in 2017.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Russia
Top DestinationChina$101B

China
Top DestinationUnited 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 () and Russia () (2022)

Comparative Advantage Russia - China

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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 () and China () (2022)

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