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Export calculation share from Russia to China 2018-2019, by currency

From the first quarter of 2018 to the second quarter of 2019, the so-called de-dollarization of Russian exports to China was observed, referring to the steady decline in the share of export calculations to this destination in U.S. dollars. The share of calculations in euros rose over the same period. Between July and September 2019, the de-dollarization stopped, as the share of export deliveries to China increased to 39.5 percent. The Russian and Chinese national currencies occupied over 15 percent of total exports over the third quarter of 2019.

Distribution of export calculations from Russia to China from 1st quarter 2018 to 3rd quarter 2019, by currency

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Sources

Release date

February 2020

Region

Russia

Survey time period

Q1 2018 to Q3 2019

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