Russian merchandise trade value with China 2007-2019

The exports of goods from Russia to China reached nearly 56.8 billion U.S. dollars in 2019, marking a slight increase compared to the previous year. Russian merchandise imports into China gradually increased in value since 2015, exceeding 54 billion U.S. dollars in 2019. For the first time over the observed period, the trade balance of Russia with China was positive in 2018. 

Trade in Russia

    China was the leading export destination of Russian commodities as well as the major import partner of the country as of 2019. Namely, Russia accounted for an over 54 trillion U.S. dollars’ worth of imports from China and reported roughly 56.8 trillion U.S. dollars in Chinese exports in that year. Germany listed in the second place by export value and ranked as the third largest source of imports to the country over the same period. Russia is the fourteenth largest exporter worldwide, with fuel & minerals and energy products as two major export commodity groups, the combined export value of which exceeded 520 billion U.S. dollars in 2019.

Russian trade in times of coronavirus

    The coronavirus (COVID-19) outbreak affected all segments of the Russian economy, including international trade. Nonetheless, in February 2020, certain agricultural product exports from Russia to China experienced a positive growth. The especially significant increase was recorded for fish products at over 50 percent year-on-year. Further up-to-date statistics and facts about the trade in Russia can be found in the Statista Dossier.