Bilateral Trade between Russia and China – Russia China Trade Statistics

China is largest in global exports while Russia is at 16^th
rank. In global imports, China’s ranking is 2 and Russia ranking is 25. The
difference in trade competitiveness also reveals in China and Russia’s market
exposure to importing global goods. According to trade sector, China appears to
be much less dependent on imports than Russia. In fact, only 10% of China’s
domestic demand for goods is served by imports. Mineral Fuels is the most
exported product from Russia to China or we can say that China has imported
this product from Russia and it recorded value of USD 17862379 thousand during
the year 2016.

As per the Russia China trade statistics, Russian exports to
China grew by 36.1% to USD 9.66 billion while China exports to Russia increased
by 22.4% to USD 8.43 billion in Q1 of 2017. Russia China trade increased by
2.2% in annual terms to USD 69.5 billion during the year 2016. This growth is
not significant, it is very important considering the critical conditions in
the global economy. However, it shows a decrease in Chinese foreign trade. Both
countries also have a number of investment projects as they are jointly building
the power of Siberia gas pipeline and a liquefied natural gas facility on the
Yamal peninsula in Russian Arctic.

China and Russia are geographically close to each other and
share a common border and also they are key strategic partners for Europe. They
have moved from a very difficult bilateral relationship to a much closer
relationship recently. Russia China trade has grown rapidly as both countries
have committed to advancing bilateral economic cooperation. It has seen a rise
of 30% over the same period last year bilateral trade between Russia and China.
Russia China bilateral trade reducing the use of US dollar in favour of their
own currencies. This article will describe you about the top imports and
exports of Russia with China.

Russian Exports to China

Russia is among the largest export economies in the world. The
main exports from Russia to China are mineral fuels, wood, machinery and
Fishes. Here, we take a comprehensive look at the top four exports of Russia to
China with trade details.

*Above Stats are based on 2016 report

          1. Mineral Fuels

We mentioned above that Mineral fuel is the most exported
commodity from Russia to China as well as it is the most required commodity in
China from Russia. Russia China trade of mineral fuels fetched at USD 17862379
thousand in 2016. Russia exports of Mineral fuel is declined by 9% between 2012
and 2016. The HS code of mineral fuels is 27 which includes mineral oils and
products of their distillation and bituminous substances.

          2. Wood and its articles

Russia wood exports to China stood at USD 2593279 thousand
during 2016. It is increased by 4% since 2012. The wood exports from Russia
registered 40% of the value as it has exported to China in 2016. It comes under
HS code 44 including wood and articles of wood and wood charcoal.

          3. Machinery

Machinery is the most traded global product. The HS code 84
includes machinery, mechanical appliances, nuclear reactors, boilers and parts
thereof. According to Russia China bilateral trade statistics, Russia did
machinery export business from China worth USD 1201374 thousand during the year
2016. Russian exports of machinery to China has been increased by 7% between
2012 and 2016.

          4. Fish and Crustaceans

Fish and Crustaceans, mollusc and other aquatic
invertebrates come under HS code 03. The coastline of Russia is one of the
longest coastlines in the world and it is also a leading producer country of
fish. Russian fisheries cannot meet current domestic demand for seafood due to
the decreasing catch and a growing export to East Asian countries like China. Russia
fish exports to China stood at USD 1032561 thousand during 2016. A rise of 2%
in fish exports from Russia to China recorded during 2012-2016.

Exporters in Russia

Want to buy products from Russia? You must know about the real
exporters in Russia. Go through the following table to check some Russian
exporter name with its address.

 

Sample of Russia Exports to China

You will get the complete shipment details of trade between
Russia and China in our report. Let’s check the sample of Russia exports to
China and you will know the data fields covered in our trade report.

 

Russia Imports from China

Russia is reducing imports for its better economy as it has
recorded declined of 36% in Russia import since 2015. China is largest import
partner of Russia and the top imported goods from China are machinery,
electrical machinery, plastics and textiles. Let’s take a look at the Russia imports
of top commodities with the complete details.

*Above Stats are based on 2016 report

     

          1. Machinery

Russia imports machinery from China and it is intended to
re-export. The export of imported machinery, typically after they have undergone
further processing or manufacture. Russia imports of machinery from China stood
at USD 11098182 thousand in 2016. While it has declined by 5% between 2012 and
2016. Machinery industry in Russia is one of the largest industries which is
responsible for growth in the economy.

          2. Electrical Machinery
(Electronics)

Electrical machinery i.e. sound recorders and reproducers,
television and other electronics items as it comes under HS code 85. Russia has
imported electronics from China with the value of USD 9070868 thousand in 2016.
Russia imports of electronics from China down by 7% from 2012-2016. The share
of Electronics imports from China is 42% of total electronics imports from
other countries.

          3. Plastics

The trade of plastic items from China has been spread across
the world. Plastic and articles thereof come under HS code 39. Plastics imports
in Russia is mainly done through China as China is largest exporter country of
plastics. Russia recorded plastic items import value of USD 1312571 thousand in
2016. However, plastic imports from China is declined by 10% since 10 percent.

          4. Articles of apparel
and clothing (Textiles)

The textile items such as articles of apparel and clothing
accessories which is not knitted or crocheted come under HS code 62. Russia imports
of textiles from China stood at USD 1190186 thousand during the year 2016 and it
is decreased by 11% between 2012 and 2016.

Importers in Russia

Want to sell your product in Russia? You must be aware of
active importers in Russia. Get the list of Russian importers in Russia import
data provided by Export Genius and you will know Russia trade partners. Check
some active Russian importers with their address.

 

Sample of Russia Imports from China

Here, we are providing the sample of Russia imports from
China. It will help you to get a fair idea about the fields covered in our
Russia China bilateral trade report.

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imports or exports from Russia. It will help you to grow your business and to
find conclusions based on new findings. Export Genius analysed the report on
the basis of brands, models, importers, exporters, port of loading and
discharge and other specification of your product.

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