In 2021 trade turnover between Moscow and China increased by more than a third

In 2021, the trade volume between Russia and China reached almost USD 141.4 bn, with 45.6% ensured by Moscow. At the end of last year, foreign trade between Moscow companies and Chinese partners increased by almost 34% and reach USD 64.47 bn,” said Vladimir Yefimov, Deputy Moscow Mayor for Economic Policy and Property and Land Relations.

Moscow is ramping up both exports to and imports from China. At the end of last year, these indicators surged by 43.5% and 26.4%, respectively. In 2021, Moscow boosted supplies of agricultural products to China by 73.3% up to USD 81.2 m. Moscow is also expanding supplies of some industrial goods. For example, exports of electrical devices and communications equipment grew by almost 17%, while supplies of mechanical equipment and machinery increased by 9%.