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Monitor Report of RUSSIA trade and RUSSIA-China binational trade in 202006

 1.  Overview the trade of RUSSIA in goods current year until 202006

According to Dalian Infobank, in 202006RUSSIA's exports and imports of goods amounted to 42713.4540 million, and were down 17.97% comparing with the same period of last year. Among these, exports were down 25.81% at 24234.5190 million, and imports were down 4.79% at 18478.9350 million. And the corresponding trade surplus was 5755.5840 million and down 56.58%.

During the current year until 202006, RUSSIA's total exports and imports of goods were 264957.8050 million and were down 17.11% comparing to the same period of last year. Among these, exports were 159437.6540 million and down 22.86%; imports were 105520.1510 million and down 6.59%. The total trade surplus was 53917.5030 million and down 42.47%.

If considering by country (region), CHINA, GERMANY, NETHERLANDS, UNITED STATES, BELARUS were RUSSIA's top five trading partners. During the current year until 202006, RUSSIA's imports and exports to five countries/territories were 48083.8010 million, 19165.5240 million, 14850.8830 million, 12539.5810 million, 12484.7600 million. These values correspond to 18.15%, 7.23%, 5.60%, 4.73%, 4.71% of RUSSIA's imports and exports, and, respectively, were down 5.89%, down 25.23%, down 42.58%, down 5.98%, down 22.30% comparing to the same period of last year.

Current year until 202006, RUSSIA and the top five trade partners CHINA, NETHERLANDS, GERMANY, UNITED KINGDOM, TURKEY are the top five countries/territories that RUSSIA exports to in terms of the total export amount. During the current year until 202006, RUSSIA's exports to these five countries/territories were 23678.9280 million, 13134.7070 million, 8712.6850 million, 8668.6050 million, 7428.9690 million. These values correspond to 14.85%, 8.24%, 5.46%, 5.44%, 4.66% of RUSSIA's exports and, respectively, were down 11.88%, down 45.53%, down 39.40%, up 85.59%, down 23.13% comparing with the same period of last year.

Current year until 202006, RUSSIA's exports to top five countries/territories CHINA, GERMANY, UNITED STATES, BELARUS, ITALY are the top five countries/territories that RUSSIA imports from in terms of the total export amount. During the current year until 202006, RUSSIA's imports from these five countries/territories were 24404.8730 million, 10452.8390 million, 7007.3280 million, 5602.1520 million, 4280.4130 million. These values correspond to 23.13%, 9.91%, 6.64%, 5.31%, 4.06% of RUSSIA's total imports and, respectively, were up 0.76%, down 7.13%, up 0.36%, down 8.76%, down 8.88% comparing with the same period of last year.

During the current year until 202006, the trade surplus of RUSSIA was mainly from NETHERLANDS, UNITED KINGDOM, TURKEY, KAZAKHSTAN, SOUTH KOREA at 11418.5310 million, 7142.8730 million, 5236.1250 million, 4233.3140 million, 3310.2110 million, and down 48.94%, up 154.32%, down 30.06%, up 18.39%, down 29.40%. And the trade deficits were mainly from GERMANY, FRANCE, UNITED STATES, VIETNAM, CHINA at 1740.1540 million, 1578.3120 million, 1475.0750 million, 965.3540 million, 725.9450 million, and down 155.74%, up 194.24%, up 135.12%, down 24.01%, down 127.38%.

Current year until 202006, RUSSIA's trade surplus or deficit with top five countries/territories During the current year until 202006,  commodities with hs2 codes, 27, 84, SS, 85, 71, were RUSSIA's top five traded commodities. They correspond to the import and export values of 77273.3710 million, 22560.5920 million, 19570.5170 million, 14064.2940 million, 11665.1270 million, which were down 31.06%, down 3.40%, 0, down 6.95%, up 96.10% comparing with the same period of last year and account for 29.16%, 8.51%, 7.39%, 5.31%, 4.40% of RUSSIA's total imports and exports.

During the current year until 202006, 27, SS, 71, 72, 44 were RUSSIA's top five traded commodities, with total import and export values of 76472.9610 million, 14829.8780 million, 11386.2770 million, 8093.1470 million, 3914.7710 million. These values correspond to 47.96%, 9.30%, 7.14%, 5.08%, 2.46% of RUSSIA's total exports and, respectively, were down 31.17%, 0, up 106.55%, down 17.41%, down 8.79% comparing to the same period of last year.

During the current year until 202006, 84, 85, 87, 30, SS were RUSSIA's top five traded commodities, with total import values of 19118.0330 million, 12401.2910 million, 7897.3410 million, 5206.2860 million, 4740.6390 million. These values correspond to 18.12%, 11.75%, 7.48%, 4.93%, 4.49% of RUSSIA's total exports and, respectively, were down 1.95%, down 2.81%, down 32.92%, down 1.62%, 0 comparing to the same period of last year.


2. Current year until 202006, RUSSIA binational trade profile

According to Dalian Infobank, during the current year until 202006, RUSSIA-China binational exports and imports of goods amounted to 48083.8010 million and were down 5.89% comparing with the same period of last year. Among these, exports from RUSSIA to China were 23678.9280 million and down 11.88%, imports from China to RUSSIA were 24404.8730 million and up 0.76%. The total binational trade deficit was 725.9450 million and down 127.38%.

During the urrent year until 202006, commodities with hs2 code, 27, 84, 85, 44, 39, were binational trade's top five traded commodities. They correspond to import and export values of 15336.9700 million, 6438.7150 million, 6151.8770 million, 1606.9500 million, 1123.7660 million and makes up 31.90%, 13.39%, 12.79%, 3.34%, 2.34% of the total binational imports and exports. These values were also down 21.64%, up 2.99%, down 2.15%, down 9.72%, up 13.48% comparing to the same period last year.

During the current year until 202006, 27, 44, 26, 03, 84 were the top five traded commodities exported to China from RUSSIA, with export values of 15313.2510 million, 1561.4530 million, 878.0150 million, 851.3840 million, 679.0470 million. These values account for 64.67%, 6.59%, 3.71%, 3.60%, 2.87% of RUSSIA's total exports and were down 21.28%, down 9.30%, up 45.74%, down 1.56%, up 11.69% comparing to the same period of last year.

During the current year until 202006, 85, 84, 29, 87, 39 were RUSSIA's top five traded commodities importing from China , with import values of 6052.4330 million, 5759.6680 million, 909.8480 million, 898.9930 million, 865.1910 million. These values account for 24.80%, 23.60%, 3.73%, 3.68%, 3.55% of RUSSIA's total imports and were up 2.04%, up 2.05%, up 9.73%, down 14.55%, down 4.87% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: Federal Customs Service of Russia