The exports of goods from Russia to China reached nearly 49 billion U.S. dollars in 2020, marking a decrease compared to the previous year. Russian merchandise imports into China gradually increased in value since 2015, exceeding 54 billion U.S. dollars in 2020. 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 2020. Namely, Russia accounted for an over 54 trillion U.S. dollars’ worth of imports from China and reported roughly 49 trillion U.S. dollars in Chinese exports in that year. Germany listed in the fourth 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 339 billion U.S. dollars in 2020.
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 topic page.
Value of Russian trade in goods (export, import, and trade balance) with China from 2007 to 2020
(in billion U.S. dollars)
Figures prior to 2018 were obtained from ITC Trade Map. The ITC calculations were based on the Federal Customs Service of Russia statistics in 2016; on the UN Comtrade statistics until 2016 and in 2017.
Figures represent trade value of goods between China and Russia.
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Federal Customs Service of Russia, & Trade Map. (February 24, 2021). Value of Russian trade in goods (export, import, and trade balance) with China from 2007 to 2020 (in billion U.S. dollars) [Graph]. In Statista. Retrieved January 17, 2022, from https://www.statista.com/statistics/1003171/russia-value-of-trade-in-goods-with-china/
Federal Customs Service of Russia, und Trade Map. "Value of Russian trade in goods (export, import, and trade balance) with China from 2007 to 2020 (in billion U.S. dollars)." Chart. February 24, 2021. Statista. Accessed January 17, 2022. https://www.statista.com/statistics/1003171/russia-value-of-trade-in-goods-with-china/
Federal Customs Service of Russia, Trade Map. (2021). Value of Russian trade in goods (export, import, and trade balance) with China from 2007 to 2020 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: January 17, 2022. https://www.statista.com/statistics/1003171/russia-value-of-trade-in-goods-with-china/
Federal Customs Service of Russia, and Trade Map. "Value of Russian Trade in Goods (Export, Import, and Trade Balance) with China from 2007 to 2020 (in Billion U.S. Dollars)." Statista, Statista Inc., 24 Feb 2021, https://www.statista.com/statistics/1003171/russia-value-of-trade-in-goods-with-china/
Federal Customs Service of Russia & Trade Map, Value of Russian trade in goods (export, import, and trade balance) with China from 2007 to 2020 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1003171/russia-value-of-trade-in-goods-with-china/ (last visited January 17, 2022)
