Support The Moscow Times!

Russian Exports to China Drop in Wartime First

Chang Sha Shi, Hu Nan Sheng, China. Over the hill / pexels

Russian exports to China dropped in July, the first time since steadily rising in the months following Moscow’s invasion of Ukraine in February 2022, Reuters reported Tuesday, citing Chinese customs data.

China’s July 2023 imports from Russia declined by 8% compared to July 2022, totaling $9.2 billion. China’s overall monthly imports shrank 12.4%.

It was the first monthly decline of Chinese imports from Russia since February 2022, the news agency said. In June 2023, China’s imports from Russia grew 15.7%. 

Chinese-Russian trade value dropped from a wartime high of $20.83 billion in June to $19.49 billion last month, according to Reuters.

July 2023 exports from China to Russia grew 52% to $10.28 after expanding 90.9% in June. Russia accounted for only 3% of China’s overall exports in January-July 2023, Reuters said.

China is Russia’s largest trade partner, with trade between the two countries jumping 30% to a record $191 billion in 2022 amid record-setting Russian oil exports.

Chinese leader Xi Jinping and Russian President Vladimir Putin pledged to boost trade to $200 billion in 2023 as they hailed their "no limits" partnership.

Moscow expects Russian energy deliveries to China to grow by 40% in 2023.

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more