Skip to content

China Exports to Russia Boom in Return to Near Pre-War Highs

Updated on

Chinese exports to Russia are back near levels seen before the Kremlin’s invasion of Ukraine, propelling a rebound in trade that’s helped cool off a historic rally in the ruble.

Russia bought $6.7 billion of goods in July from China, an increase of more than a third from the previous month and up by more than an annual 20%. By contrast, its imports from Russia -- which surged in March-May -- rose only slightly last month after a drop in June, according to data from China’s customs authority.