Russian Federation-China Bilateral Trade Analysis 2023
Complete trade statistics: $239.02B total volume •Russian Federation surplus: $18.99B
Russian Federation → China
$129.00B
Exports (2023)
China → Russian Federation
$110.01B
Imports (2023)
Trade Balance
$18.99B
Surplus for Russian Federation
Total Trade
$239.02B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Russian Federation and China. Green line shows exports from Russian Federation, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Russian Federation-China commercial relationship and competitive positioning in global markets.
Russian Federation → China Exports
Export Market Intelligence
🎯 Strategic Export Focus
Russian Federation's export portfolio to China demonstrates strong diversification across multiple sectors, with oils: petroleum oils and oils obtained from bituminous minerals, crude representing a key competitive advantage in this bilateral market.
China → Russian Federation Imports
Import Dependency Profile
📦 Import Strategy Analysis
Russian Federation's import pattern from China reveals strategic sourcingin vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1500 but not over 3000cc, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Russian Federation demonstrates competitive strength in exportingoils: petroleum oils and oils obtained from bituminous minerals, crude to China, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $239.02B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Russian Federation-China Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $239.02 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Russian Federation maintains a surplus of $18.99 billion
- Export Focus: Russian Federation's primary exports include oils: petroleum oils and oils obtained from bituminous minerals, crude, coal: bituminous, whether or not pulverised, but not agglomerated, petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils
- Import Dependencies: Key imports from China include vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1500 but not over 3000cc, vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1000 but not over 1500cc, tractors: road, for semi-trailers
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents one of the world's largest trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $239.02B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Russian Federation leveraging its comparative advantages in oils: petroleum oils and oils obtained from bituminous minerals, crude.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Russian Federation's specialization in oils: petroleum oils and oils obtained from bituminous minerals, crudecomplements China's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1500 but not over 3000cc.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $239.02B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $239.02B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $239.02 billion bilateral trade volume represents a major economic driverfor both economies.
Industrial Integration
Trade flows in oils: petroleum oils and oils obtained from bituminous minerals, crude and vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1500 but not over 3000cc demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Russian Federation's trade surplus of $18.99 billion strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Russian Federation and China represents a total trade volume of $239.02 billion in 2023. This partnership demonstrates a favorable trade balance for Russian Federation, with exports exceeding importsby $18.99 billion.
Export Strengths
Russian Federation's exports to China total $129.00 billion, with competitive advantages in oils: petroleum oils and oils obtained from bituminous minerals, crude, representing $60.68B or47.0% of bilateral exports.
Import Dependencies
Imports from China amount to $110.01 billion, highlighting economic interdependence in vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1500 but not over 3000cc, with Vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1500 but not over 3000cc comprising5.2% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Russian Federation's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Russian Federation and China in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023