China’s imports from Russia have expanded significantly since 2009 and Beijing has become Russia’s top export market. For 2021, China’s imports from Russia were worth 79.3 billion USD, with oil and gas accounting for nearly 56% of that. Total trade between Russia and China reached a record high in 2021 (146.9 billion USD), growing by 35.9% year on year, according to China’s customs agency. Russia enjoys a trade surplus with China and since the annexation of Crimea in 2014, China has become Russia’s biggest export partner.

 

Prepared by

Rahul Karan Reddy is an international relations analyst with a Masters degree from O.P Jindal Global University in Diplomacy, Law and Business. He is the author of ‘Islands on the Rocks’, a monograph detailing the Senkaku/Diaoyu island dispute between China and Japan. His research focus is China and East Asia. He was a research analyst at the Chennai Center for China Studies (C3S) and an intern at the Institute for Peace and Conflict Studies (IPCS), writing articles and reports on China’s foreign policy and domestic politics. His blog, Asian Drama, follows the rise of India and China as they navigate the Asian Century. He can be reached on rahulkaran.reddy@gmail.com

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