Russia-China trade surges in 2022

Russia-China trade surges in 2022

In 2022, January-March trade turnover between Russia and China reached $38.17 billion, a 28.7% increase compared with the same time last year.

Russian imports from China rose 25.9% to $16.44 billion, while its exports to China jumped 31% to $21.73 billion in the first quarter of the year, RIA Novosti reported, citing Chinese customs data.

In March Russia exported $7.84 billion worth of goods to the Chinese market. 

Energy, mineral and agricultural products make up the bulk of Chinese imports from Russia. 

Earlier, Russian President Vladimir Putin and Chinese leader Xi Jinping announced a “no-limits” partnership with plans to grow bilateral trade to $250 billion by 2024.