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Russian Federation-China, Hong Kong SAR Bilateral Trade Analysis 2023

Complete trade statistics: $10.91B total volume •Russian Federation surplus: $5.61B

Russian Federation → China, Hong Kong SAR

$8.26B

Exports (2023)

China, Hong Kong SAR → Russian Federation

$2.65B

Imports (2023)

Trade Balance

$5.61B

Surplus for Russian Federation

Total Trade

$10.91B

Combined Volume

Trade Flow Visualization

Direct trade relationship between Russian Federation and China, Hong Kong SAR. 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, Hong Kong SAR commercial relationship and competitive positioning in global markets.

Russian Federation → China, Hong Kong SAR Exports

$8.26B

2023 Total

Export Market Intelligence

Product Diversity:

Highly Diversified

Market Share:

63.1% top product

1Metals: gold, non-monetary, unwrought (but not powder)

$5.21B

63.1% of exports

2Metals: palladium, unwrought or in powder form

$1.36B

16.5% of exports

3Metals: platinum, unwrought or in powder form

$568.05M

6.9% of exports

4Diamonds: non-industrial, unworked or simply sawn, cleaved or bruted, but not mounted or set

$451.81M

5.5% of exports

5Metals: rhodium, unwrought or in powder form

$353.58M

4.3% of exports

6Metals: silver, unwrought, (but not powder)

$181.51M

2.2% of exports

7Mineral substances: n.e.c. in chapter 25

$15.97M

0.2% of exports

8Diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set

$11.58M

0.1% of exports

9Meat: of swine, n.e.c. in item no. 0203.2, frozen

$10.20M

0.1% of exports

10Metals: iridium, osmium, ruthenium, unwrought or in powder form

$5.96M

0.1% of exports

🎯 Strategic Export Focus

Russian Federation's export portfolio to China, Hong Kong SAR demonstrates strong diversification across multiple sectors, with metals: gold, non-monetary, unwrought (but not powder) representing a key competitive advantage in this bilateral market.

China, Hong Kong SAR → Russian Federation Imports

$2.65B

2023 Total

Import Dependency Profile

Supply Diversity:

Well Diversified

Critical Imports:

19.5% concentration

1Telephones for cellular networks or for other wireless networks

$516.00M

19.5% of imports

2Automatic data processing machines: portable, weighing not more than 10kg, consisting of at least a central processing unit, a keyboard and a display

$244.91M

9.2% of imports

3Machinery: parts and accessories (other than covers, carrying cases and the like) of the machines of heading no. 8471

$173.11M

6.5% of imports

4Electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits

$137.02M

5.2% of imports

5Units of automatic data processing machines: processing units other than those of item no. 8471.41 or 8471.49, whether or not containing in the same housing one or two of the following types of unit: storage units, input units or output units

$131.83M

5.0% of imports

6Electronic integrated circuits: n.e.c. in heading no. 8542

$131.54M

5.0% of imports

7Communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus

$117.62M

4.4% of imports

8Semiconductor media: solid-state non-volatile storage devices, whether or not recorded, excluding products of Chapter 37

$114.86M

4.3% of imports

9Units of automatic data processing machines: n.e.c. in item no. 8471.50, 8471.60 or 8471.70

$103.69M

3.9% of imports

10Units of automatic data processing machines: storage units

$90.20M

3.4% of imports

📦 Import Strategy Analysis

Russian Federation's import pattern from China, Hong Kong SAR reveals significant dependencyin telephones for cellular networks or for other wireless networks, highlighting complementary economic structures and potential supply chain optimization opportunities.

Competitive Trade Position Analysis

🏆

Market Leadership

Russian Federation demonstrates competitive strength in exportingmetals: gold, non-monetary, unwrought (but not powder) to China, Hong Kong SAR, leveraging comparative advantages.

Export Leader in 20+ Categories

🔄

Trade Complementarity

The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.

Specialized Exchange

📈

Growth Potential

The $10.91B trade volume indicates substantial economic integration with room for expansion in emerging sectors.

Major Partnership

Executive Summary: Russian Federation-China, Hong Kong SAR Trade Relationship

Key Trade Highlights 2023

Total Trade Volume: $10.91 billionrepresenting a significant bilateral economic relationship
Trade Balance: Russian Federation maintains a surplus of $5.61 billion
Export Focus: Russian Federation's primary exports include metals: gold, non-monetary, unwrought (but not powder), metals: palladium, unwrought or in powder form, metals: platinum, unwrought or in powder form
Import Dependencies: Key imports from China, Hong Kong SAR include telephones for cellular networks or for other wireless networks, automatic data processing machines: portable, weighing not more than 10kg, consisting of at least a central processing unit, a keyboard and a display, machinery: parts and accessories (other than covers, carrying cases and the like) of the machines of heading no. 8471

Strategic Trade Indicators

Trade IntensityHigh

Export DiversificationDiversified

Trade Balance HealthImbalanced

📈 Market Position: This bilateral trade relationship represents a significant global 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 $10.91B 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 metals: gold, non-monetary, unwrought (but not powder).

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 metals: gold, non-monetary, unwrought (but not powder)complements China, Hong Kong SAR's demand patterns, creating natural trade synergies.

Supply Chain Integration

Deep integration in global value chains has strengthened bilateral linkages, particularly in telephones for cellular networks or for other wireless networks.

Market Access & Trade Policy

Favorable trade agreements and market access conditions have facilitated the growth of this $10.91B bilateral relationship.

Trade Pattern Insights

Trade ComplementarityAsymmetric

Seasonal VariationsModerate

Product ConcentrationLow

Market DependencyHigh

🔮

Trade Relationship Outlook

The $10.91B 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 $10.91 billion bilateral trade volume represents a significant economic factorfor both economies.

Economic Significance: High

🏭

Industrial Integration

Trade flows in metals: gold, non-monetary, unwrought (but not powder) and telephones for cellular networks or for other wireless networks demonstrate deep industrial linkages and supply chain integration.

Supply Chain Integration: Diversified

⚖️

Trade Balance Effects

Russian Federation's trade surplus of $5.61 billion strengthens its overall economic position in this bilateral relationship.

Balance Impact: Export Advantage

Strategic Future Outlook

🚀Growth Opportunities

Emerging Sectors

Technology transfer and innovation cooperation in metals: palladium, unwrought or in powder form present expansion opportunities.

Market Diversification

Beyond current focus on telephones for cellular networks or for other wireless networks, new product categories offer potential for trade expansion.

⚠️Risk Factors

Supply Chain Vulnerabilities

High trade imbalance may create supply chain risks

Market Competition

Global competition in metals: gold, non-monetary, unwrought (but not powder) may affect future market positioning.

🎯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, Hong Kong SAR represents a total trade volume of $10.91 billion in 2023. This partnership demonstrates a favorable trade balance for Russian Federation, with exports exceeding importsby $5.61 billion.

Export Strengths

Russian Federation's exports to China, Hong Kong SAR total $8.26 billion, with competitive advantages in metals: gold, non-monetary, unwrought (but not powder), representing $5.21B or63.1% of bilateral exports.

Import Dependencies

Imports from China, Hong Kong SAR amount to $2.65 billion, highlighting economic interdependence in telephones for cellular networks or for other wireless networks, with Telephones for cellular networks or for other wireless networks comprising19.5% 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, Hong Kong SAR in multiple formats.

Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023