Page 60 - RusRPTNov22

5.2.1 Import/export dynamics
Russian imports are up 90% since the start of the year and with exports twice the value of imports, Russia continues to run a comfortable trade surplus, based on the trade data from Russia’s trade partners.
The mutual trade turnover between Russia and China can grow from $170bn to $200bn in 2023, Department Director with the Russian Ministry of Economic Development Pavel Kalmychek said on October 27 . The trade turnover between Russia and China surged by 32.5% y/y to $136.08bn in January - September 2022, the Main Customs Administration of China said earlier. Crude oil, natural gas and coal account for about 70% in the value of commodities imported by China from Russia. Other key items of export from Russia include copper and copper ore, lumber, fuel and seafood. China is exporting a broad range of products to Russia, with a significant share taken by smartphones, industrial and specialised equipment, toys, footwear, vehicles, air conditioners and computers.
Turkey (red) is on course to overtake Germany (blue) in coming months
and become the world's second biggest exporter to Russia after China (black). Turkey's exports to Russia are up 110% in August 2022 versus August 2021. Turkey's exports definitely need to rise.
60 RUSSIA Country Report November 2022 www.intellinews.com