For reference
At the moment, the trade turnover of the Eurasian Economic Union with China as a whole has grown by almost 30%. Exports increased by approx. 40%, imports by 20%. At the same time, according to the EEC statistics for 7 months, a small deficit in the trade balance of the EAEU in trade with China for the corresponding period of 2021 changed to a significant surplus this year.
The largest share in imports from China among the Union states traditionally belongs to the Russian Federation (more than 80%). The share of the Republic of Kazakhstan is 10%, the Kyrgyz Republic — 4%, the Republic of Belarus — just over 3%. In exports, Russia also accounts for the largest share with an indicator of 85%.
In the industrial segment of exports to China in 2022, natural gas, coal and processed timber products, in particular, show steady growth among the largest commodity groups. If we talk about agricultural exports, we can distinguish rapeseed oil, frozen fish, crustaceans and poultry meat.
In the commodity structure of industrial imports, an increase is observed among such bulk import goods as gas liquefaction equipment, trucks, cars, crawler excavators, tires and tires, air conditioners. Agricultural products include sunflower seeds, tomatoes, plant extracts, peaches, onions, and vegetable and fruit juices.