Russo-China trade up 30% in 2022, on course to hit $200bn early

Russo-China trade up 30% in 2022, on course to hit $200bn early

Russia's trade with China has grown fast since the war in Ukraine started and is on course to reach the turnover target of $200bn before 2024. / bne IntelliNews

By bne IntelliNews January 13, 2023

Trade between Russia and China reached a new all-time high in 2022, with a 29.3% increase compared to the previous year, totalling $190.27bn, according to the General Administration of Customs (GAC) of China.

China's exports to Russia saw a 12.8% increase, totalling $76.12bn. Meanwhile, Russia's imports from China climbed by 43.4% to $114.15bn.

Russia's surplus in the trade relationship with China amounted to $38bn, a three-fold increase from 2021. The trade turnover between the two countries equalled $17.8bn in December 2022, which is a decrease of 3% compared to November.

It is worth noting that in 2021, trade turnover between Russia and China grew by 35.8% to $146.88bn.

Related Content

Russian long-haul driver murdered in northern Iran

PANNIER: Why the Turkmenistan, Iran gas “friendship” is back on

Russia’s CBR keeps key rate at 21% under pressure

Russian long-haul driver murdered in northern Iran

PANNIER: Why the Turkmenistan, Iran gas “friendship” is back on

Russia’s CBR keeps key rate at 21% under pressure

#China #Russia #Ukraine #sanctions #RussiaUkraineWar #trade

Read in IntelliNews Pro

Get IntelliNews Pro

Related Content

Russian long-haul driver murdered in northern Iran

PANNIER: Why the Turkmenistan, Iran gas “friendship” is back on

Russia’s CBR keeps key rate at 21% under pressure

Russian long-haul driver murdered in northern Iran

PANNIER: Why the Turkmenistan, Iran gas “friendship” is back on

Russia’s CBR keeps key rate at 21% under pressure

Data

Russia’s CBR keeps key rate at 21% under pressure

In a surprise decision CBR governor Elvia Nabiullina kept interest rates on hold at 21% as she comes under mounting pressure from Russian President Vladimir Putin and the oligarchs who accuse her of destroying the economy.

Polish industrial production disappoints in November as output falls 1.5% y/y

Seasonally adjusted, output expanded 1.1% y/y in November, following a gain of 3.9% y/y the preceding month, GUS data showed.

Moldova's economy shrinks by 1.9% y/y in Q3

Economic performance was dragged down by agriculture, while manufacturing sector grew.

Kosovo's population down 12% since 2011

Falling population attributed to departure of many Kosovars to work abroad in search of a better life, a trend that persists across the Balkans.

Polish producer price deflation eases further in November

The PPI has been on a declining trend, reflecting the still relatively low demand linked to sluggish Germany economy and the domestic expansion only beginning to gain sustained momentum, analysts say.

Russia’s CBR keeps key rate at 21% under pressure

Polish industrial production disappoints in November as output falls 1.5% y/y

Moldova's economy shrinks by 1.9% y/y in Q3

Kosovo's population down 12% since 2011

Polish producer price deflation eases further in November

Dismiss

Chat with usLiveChat