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The expert calculated the share of rapeseed and oil exports from Russia to China

Published May 26, 2024

Tridge summary

Russia supplies 70% of China's rapeseed and rapeseed oil imports. The bilateral trade turnover between the two countries has increased by 25-27% from the previous year, reaching approximately $240 billion. China is Russia's largest trading partner in the Far East. In the first quarter of this year, Russia increased its supply of all vegetable oils to China by 18.2% compared to the same period last year.
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Original content

Supplies of rapeseed and rapeseed oil to China from Russia account for about 70 percent of the total exports of these products from our country. As TASS reports, Alexey Maslov, director of the Institute of Asian and African Countries at Lomonosov Moscow State University, spoke about this at the plenary session “The Value of Interstate Partnership in the New Multipolar World” within the framework of the Amurexpoforum in Blagoveshchensk. The expert noted that in general, the volume of bilateral trade turnover of both countries in monetary terms increased by 25-27 percent from last year’s level and amounted to about $240 billion. China was mentioned at the forum because it is one of the largest trading partners for the Far East and Russia as a whole, as well as due to the high export potential of the Far Eastern Federal District and the geographic proximity of this district and the PRC. Maslov also recalled that our country is close to fourth place in the world in exports of ...
Source: Rosng
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