The Chinese panda eats Russia. Latest data on the trade balance between Beijing and Moscow.

The latest figures on the trade balance between China and Russia clearly show Russia's incredible dependence on China. The violent break-up of relations between Russia and Western countries has forced the brown bear to embrace a Chinese panda.

For the first 4 months of 2023, we have a full of around $73 billion in trade between Beijing and Moscow. China sent goods in the first 4 months for a full of about $33.68 billion in the another direction received products (most frequently natural materials) from Russia for amounts of $39.46 billion. You can see to the bare eye that the difference between import and export, which was inactive very much smaller from period to month. Today, the difference between import and export between these 2 countries is $5.57 billion. As the latest import data from Russia to China shows, the year-on-year increase was almost 25%. Exports from China to Russia reached incredible growth at that time, as at 67.2%. The sanctions imposed on many western commodities force the Kremlin, and the Russian business to search replacements for a immense amount of products.

The full trade balance between 2 countries increased by 41.9% compared to the evidence year 2022. The full trade balance for the months of January-April at $73.44 billion shows us 2 things. The first thing in historical terms as this relation began to grow rapidly. We had a full trade balance of $108 billion in 2018 , in 2019 – $110 billion, 2020 – $ 107 billion. In 2021, there was a sharp increase to $114 billion , 2022 brought another evidence in common relations as up to – $190 billion. Currently, everything points to an excess of $220 billion.

The second point that cannot be overlooked is the situation that the Russian Federation is simply a partner for China. Today, despite further growth in trade between Moscow and Beijing, Russia-China's trade balance does not exceed 4% (so you can see - precisely 3.76%) of the full trade balance of the red dragon with the world. Even Australia, which has only 25 million people, has a bigger trade balance with China than Russia.

Another crucial information we see is the difference between import and export. China increases shipping to Russia by 67.2% and Moscow to Beijing by only 24.8% This is the pace that is likely to change this year, and the Russian Federation will be the net importer in this relationship. And all this will happen in a situation where China will supply more than 50% of all goods to Putin's regime. In fact, a terrible addiction is created, proven by the latest figures. There is no area for presumptions and the creation of an image another than this data. Half of the goods at the end of 2023 will be imported from China by Russia and the trade balance will be negative. The natural material “power” which had continuous trade surpluses is collapsing in our eyes.

Below I paste the table from the General Customs Administration of China which I translated from Chinese to ours, and I marked what is more interesting. It is besides worth paying attention to Taiwan-China relations and how this year the trade ties are dramatically broken. Exports to Taiwan -20.1%, imports from Taiwan - 27.5%, common trade balance - 25.7%, all at higher amounts than China-Russia. It besides attracts attention almost 27% increase in exports from China from Africa. According to the table, that's where China is most dynamic.

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