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Data from the General Administration of Customs of China show that in 2023, China's exports to Russia increased by 46.9%, totaling approximately US$110.97 billion; imports of Russian goods increased by 12.7%, totaling US$129.14 billion.
In the past 12 months, Russia's surplus has been reduced by about half compared with 2022, to $18.17 billion.
In December, the trade volume between China and Russia was US$21.906 billion. Among them, China’s exports to Russia were US$10.71 billion, and China’s imports from Russia were US$11.196 billion.
In 2022, Russia-China trade volume increased by 29.3% year-on-year, reaching a record high of US$190.271 billion. The leaders of Russia and China have previously set a goal to double the trade volume between the two countries from 100 billion US dollars in 2018 to 200 billion US dollars by 2024. As of November 2023, the total trade volume between China and Russia has reached US$218.176 billion, exceeding US$200 billion for the first time in history.
When Chinese President Xi Jinping met with Russian Prime Minister Mishustin at the Great Hall of the People on the morning of December 20, 2023, he said that in the first 11 months of this year, bilateral trade between China and Russia achieved the goal of US$200 billion ahead of schedule, demonstrating the strength of mutually beneficial cooperation between the two countries. Resilience and a bright future.