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Monitor Report of RUSSIA trade and RUSSIA-China binational trade in 202104

 1.  Overview the trade of RUSSIA in goods current year until 202104

According to Dalian Infobank, in 202104RUSSIA's exports and imports of goods amounted to 60877.1002 million, and were up 45.00% comparing with the same period of last year. Among these, exports were up 41.99% at 35554.8194 million, and imports were up 49.45% at 25322.2808 million. And the corresponding trade surplus was 10232.5385 million and up 26.38%.

During the current year until 202104, RUSSIA's total exports and imports of goods were 214353.0171 million and were up 15.51% comparing to the same period of last year. Among these, exports were 126839.7081 million and up 10.28%; imports were 87513.3090 million and up 24.04%. The total trade surplus was 39326.3991 million and down 11.56%.

If considering by country (region), CHINA, GERMANY, NETHERLANDS, BELARUS, UNITED STATES were RUSSIA's top five trading partners. During the current year until 202104, RUSSIA's imports and exports to five countries/territories were 37798.6786 million, 16072.4696 million, 12419.5535 million, 11335.3274 million, 10426.6622 million. These values correspond to 17.63%, 7.50%, 5.79%, 5.29%, 4.86% of RUSSIA's imports and exports, and, respectively, were up 18.41%, up 19.19%, up 12.35%, up 36.38%, up 17.15% comparing to the same period of last year.

Current year until 202104, RUSSIA and the top five trade partners CHINA, NETHERLANDS, GERMANY, TURKEY, BELARUS are the top five countries/territories that RUSSIA exports to in terms of the total export amount. During the current year until 202104, RUSSIA's exports to these five countries/territories were 17450.7986 million, 11019.3670 million, 7783.5461 million, 7187.2050 million, 6758.2913 million. These values correspond to 13.76%, 8.69%, 6.14%, 5.67%, 5.33% of RUSSIA's exports and, respectively, were up 5.65%, up 10.60%, up 18.98%, up 23.65%, up 51.61% comparing with the same period of last year.

Current year until 202104, RUSSIA's exports to top five countries/territories CHINA, GERMANY, UNITED STATES, SOUTH KOREA, BELARUS are the top five countries/territories that RUSSIA imports from in terms of the total export amount. During the current year until 202104, RUSSIA's imports from these five countries/territories were 20347.8800 million, 8288.9235 million, 5561.1899 million, 5362.7998 million, 4577.0361 million. These values correspond to 23.25%, 9.47%, 6.35%, 6.13%, 5.23% of RUSSIA's total imports and, respectively, were up 32.08%, up 19.39%, up 17.09%, up 160.57%, up 18.77% comparing with the same period of last year.

During the current year until 202104, the trade surplus of RUSSIA was mainly from NETHERLANDS, TURKEY, UNITED KINGDOM, KAZAKHSTAN, BELARUS at 9619.1806 million, 5253.1954 million, 4721.0666 million, 3131.2141 million, 2181.2552 million, and up 8.42%, up 22.26%, up 11.54%, up 18.41%, up 261.06%. And the trade deficits were mainly from CHINA, SOUTH KOREA, VIETNAM, UNITED STATES, INDONESIA at 2897.0814 million, 1569.5834 million, 1123.0750 million, 695.7177 million, 584.3810 million, and down 360.77%, down 160.14%, up 76.33%, up 16.26%, up 75.96%.

Current year until 202104, RUSSIA's trade surplus or deficit with top five countries/territories During the current year until 202104,  commodities with hs2 codes, 27, SS, 84, 85, 71, were RUSSIA's top five traded commodities. They correspond to the import and export values of 52721.5049 million, 20721.8420 million, 18565.1763 million, 11958.2429 million, 10098.6827 million, which were down 9.99%, 0, up 26.81%, up 29.02%, up 29.00% comparing with the same period of last year and account for 24.60%, 9.67%, 8.66%, 5.58%, 4.71% of RUSSIA's total imports and exports.

During the current year until 202104, 27, SS, 71, 72, 44 were RUSSIA's top five traded commodities, with total import and export values of 52124.1678 million, 17093.5232 million, 9744.9265 million, 7578.2927 million, 3159.9239 million. These values correspond to 41.09%, 13.48%, 7.68%, 5.97%, 2.49% of RUSSIA's total exports and, respectively, were down 10.19%, 0, up 28.44%, up 46.94%, up 26.66% comparing to the same period of last year.

During the current year until 202104, 84, 85, 87, 30, SS were RUSSIA's top five traded commodities, with total import values of 15697.3598 million, 10515.9721 million, 8608.2778 million, 4218.3420 million, 3628.3188 million. These values correspond to 17.94%, 12.02%, 9.84%, 4.82%, 4.15% of RUSSIA's total exports and, respectively, were up 25.71%, up 28.38%, up 50.30%, up 64.74%, 0 comparing to the same period of last year.


2. Current year until 202104, RUSSIA binational trade profile

According to Dalian Infobank, during the current year until 202104, RUSSIA-China binational exports and imports of goods amounted to 37798.6786 million and were up 18.41% comparing with the same period of last year. Among these, exports from RUSSIA to China were 17450.7986 million and up 5.65%, imports from China to RUSSIA were 20347.8800 million and up 32.08%. The total binational trade deficit was 2897.0814 million and down 360.77%.

During the urrent year until 202104, commodities with hs2 code, 27, 84, 85, 26, 39, were binational trade's top five traded commodities. They correspond to import and export values of 10010.6385 million, 5810.4465 million, 5495.0020 million, 1188.1799 million, 1156.5487 million and makes up 26.48%, 15.37%, 14.54%, 3.14%, 3.06% of the total binational imports and exports. These values were also down 12.07%, up 43.56%, up 38.41%, up 123.21%, up 69.77% comparing to the same period last year.

During the current year until 202104, 27, 26, 44, 74, 84 were the top five traded commodities exported to China from RUSSIA, with export values of 10000.9397 million, 1186.6768 million, 1105.4202 million, 743.3651 million, 527.3749 million. These values account for 57.31%, 6.80%, 6.33%, 4.26%, 3.02% of RUSSIA's total exports and were down 12.05%, up 130.17%, up 17.51%, up 106.35%, up 25.63% comparing to the same period of last year.

During the current year until 202104, 85, 84, 87, 39, 29 were RUSSIA's top five traded commodities importing from China , with import values of 5439.1511 million, 5283.0717 million, 1147.8909 million, 814.7036 million, 677.1610 million. These values account for 26.73%, 25.96%, 5.64%, 4.00%, 3.33% of RUSSIA's total imports and were up 39.12%, up 45.63%, up 93.16%, up 51.91%, up 22.77% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: Federal Customs Service of Russia