Trade turnover between Russia and China hit a record $190 billion

In 2022, trade between Russia and China increased by 29.3% in annual terms. At the end of the year, the indicator amounted to a record $190.27 billion. It was reported news agencies with reference to the data of the General Administration of Customs of the People’s Republic of China.

Imports from Russia to China amounted to $114.15 billion, which is 43.4% more than in 2021. Exports from China to Russia grew by 12.8% to $76.12. Russia’s positive balance almost tripled to $38 billion.

At the end of December, the trade turnover between Russia and China decreased by 3%, to $17.8 billion. The volume of imports from Russia to China amounted to $8.996 billion, exports from China to Russia – $8.808 billion.

In 2021, the trade turnover between Russia and China amounted to $146.887 billion, which is 35.8% more than in 2020. Russian President Vladimir Putin and Chinese leader Xi Jinping spokethat by 2024 countries should bring the volume of trade to $200 billion a year.

By information Financial Times, by November 2022, China became Russia’s main trading partner, but at that time, trade was complicated by coronavirus restrictions. By data Reuters, in 2022, Russia also more than doubled rail exports of liquefied hydrocarbon gases (LHG), or liquefied petroleum gas, to China. In December and January, China eased some of the anti-coronavirus measures that had a negative impact on trade and economic development.

On the removal of restrictions in China – in the material “Kommersant” “Chinese doors open”.

Olesya Pavlenko