Chinese customs has not yet disclosed the structure of trade with our country
A photo: EAST NEWS
Mutual trade between Russia and China has increased dramatically over the past year. The figure increased by almost a third and exceeded $190 billion. Such data are provided by the Customs Department of China. Russian customs has not yet published official data, but preliminary data are similar.
At the same time, interestingly, we supply to China much more than we import. It would seem that everything is littered with Chinese goods, but no. Exports are almost one and a half times higher than imports (see the chart for more details). Deliveries from Russia have grown much stronger this year. Against the backdrop of sanctions, China has sharply increased consumption of Russian oil and coal. And this immediately affected the volume of trade.
It is noteworthy that mutual trade with Russia grew most dynamically last year. For example, the top three in terms of growth in trade with China are Singapore and Canada. There indicators last year grew by 23% and 17% respectively.
Chinese customs has not yet disclosed the structure of trade with our country. The Federal Customs Service of Russia, after the imposition of sanctions, also stopped publishing statistics. Nevertheless, Komsomolskaya Pravda became aware of some details.
– The main export groups are fuel and energy products, timber, ores, mechanical equipment, copper. The main import groups are mechanical and electrical equipment, means of land transport, plastics and products from them, organic chemical compounds, – explained KP.RU in the press service of the FCS.
At the same time, the Chinese began to buy much more often not only oil and coal, but also the products of our agriculture. In particular, fish, as well as “fats and oils of animal or vegetable origin” (including mayonnaise, which is in great demand in China).
The volume of foreign trade with China is more than 20% of the country’s foreign trade turnover, and Russia’s share in the structure of China’s foreign trade is about 3%. The goal for the coming years, which was set by the presidents of the two countries at a recent meeting, is to reach a trade turnover of $250 billion.