Russia-China trade and economic relations: current state and future prospects

The Institute for Statistical Studies and Economics of Knowledge (ISSEK) at HSE University delved into the dynamics of trade between Russia and China using Trademap data to provide a detailed analysis at the level of specific goods. The study evaluated trade intensity, interdependence, complementarity indices, as well as comparative strengths and weaknesses to provide a comprehensive view of bilateral economic relations.

Experts concluded that Russia-China trade has reached a new qualitative level in recent years, with both export and import volumes growing significantly. Russia's export strengths lie mainly in first-processed goods, while China imports primarily raw materials and products that require minimal processing—aligning closely with Russia's export profile.

Amid rising global instability, ongoing sanctions against Russia, and Moscow's Pivot to the East, bilateral ties between Russia and China are expected to deepen further—both directly and through multilateral platforms like #BRICS.

#NEWS #RussiaChina #trade #economy

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