Overview of agricultural products trade between China and Russia in 2023

Published Feb 27, 2024

Tridge summary

In 2023, China and Russia's agricultural trade volume surpassed US$10 billion for the first time, reaching US$11.3 billion, a 33% increase from the previous year. This trade included increased exports of vegetables, fruits, and oilseeds from China to Russia, and increased imports of seafood, vegetable oils, and oilseeds from Russia to China. Guangdong Province was the largest exporter to Russia, while Shandong Province was the largest importer. Inner Mongolia and Zhejiang Province saw the highest growth rates in exports and imports respectively.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

1. In 2023, the total agricultural trade volume between China and Russia will exceed US$10 billion for the first time. According to customs statistics, in 2023, the total trade volume of agricultural products between China and Russia was US$11.3 billion, an increase of 33% over the same period last year, accounting for 3.4% of China's total agricultural trade. Among them, exports were US$2.5 billion, an increase of 4.9% over the same period last year, accounting for 3.4% of China's total agricultural trade. Total exports of agricultural products accounted for 2.5%; imports amounted to US$8.8 billion, an increase of 44% over the same period last year, accounting for 3.8% of China's total imports of agricultural products. Both import and export volumes were historically high levels. The trade deficit was US$6.3 billion, an increase of 69.1% over the same period last year. 2. The export volume of vegetables and products, fruits and products, oilseeds and oilseeds to Russia ...

Source: Foodmate