From the staggering milestone of 400 billion US dollars deal of natural gas in 2019, the bilateral trade between the two has started improving fueling the nations' economic and global trade rank. Beyond the excavating deal of energy sources, the bilateral trade has been increasing because of other contributing industries like agriculture, technology, and manufacturing hubs.

The countries with their strategic trading history and China’s heavy reliance on Russia’s oil supplies for its domestic acquisitions have boosted the bilateral trade value between the nations by 240 billion US dollars in 2024 from the trade value of 2023 worth 107 billion US dollars. The Russian economy’s continuous efforts towards diversification of its export trends and the affordable and potential deals offered by the Chinese trade firms are working as a backbone for the increasing bilateral trade.

The Leading Russian Imports From China in 2024

The well-established diplomatic ties between the two trade destinations and the cost-effective production capability of China’s trade firms have made Russia heavily rely on Chinese imports for its domestic goods. According to the Russia Import Data, the top 10 imports of the nation from China in 2024 are,

• Machinery – Import trade value of Machinery in Russia from China 2024 – 31 billion US dollars.

• Vehicles – Import trade value of Vehicles in Russia from China 2024 – 22 billion US dollars.

• Electrical Equipment – Import trade value of Electrical equipment in Russia from China 2024 – 19 billion US dollars.

• Plastics – Import trade value of Plastics in Russia from China 2024 – 14 billion US dollars.

• Iron & Steel Products – Import trade value of Iron & steel products in Russia from China 2024 – 12 billion US dollars.

• Organic Chemicals – Import trade value of Organic chemicals in Russia from China 2024 – 11 billion US dollars.

• Medical & Technical Equipment – Import trade value of Medical & technical equipment in Russia from China 2024 – 6 billion US dollars.

• Clothing – Import trade value of Clothing in Russia from China 2024 – 5 billion US dollars.

• Furniture – Import trade value of Furniture in Russia from China 2024 – 4 billion US dollars.

• Toys & Games – Import trade value of Toys & games in Russia from China 2024 – 2 billion US dollars.

Top 10 Chinese Companies That Generate Most of the Exports

The better political stability of the nation with different leading trade destinations and the wide production capability has been facilitating the overall annual revenue generation. As per the China Export Data, the top10 leading companies that generate most of the exports from the nation in 2024 are,

• Huawei Technologies Co., Ltd. – Annual trade valuation of Huawei Technologies Co., Ltd. in 2024 – 100 billion US dollars.

LEADING PRODUCTIONS OF 2024

1. Smartphones and Mobile Devices
2. Telecommunications Equipment
3. Cloud Computing and Data Centers
4. Consumer Electronics
5. Enterprise Solutions

• PetroChina Company Limited – Annual trade valuation of PetroChina Company Limited in 2024 – 90 billion US dollars.

LEADING PRODUCTIONS OF 2024

1. Crude Oil Production
2. Natural Gas
3. Refined Petroleum Products
4. Petrochemicals
5. Lubricants and Specialty Products

• Sinopec Group – Annual trade valuation of Sinopec Group in 2024 – 70 billion US dollars.

LEADING PRODUCTIONS OF 2024

1. Crude Oil and Natural Gas
2. Refined Petroleum Products
3. Petrochemicals
4. Chemical Fertilizers
5. Solvents and adhesives

• Dongfeng Motor Corporation – Annual trade valuation of Dongfeng Motor Corporation in 2024 – 60 billion US dollars.

LEADING PRODUCTIONS OF 2024

1. Passenger Vehicles
2. Commercial Vehicles
3. Electric Vehicles (EVs)
4. Automobile Components and Parts
5. Military and Special Purpose Vehicles

• SAIC Motor Corporation Limited – Annual trade valuation of SAIC Motor Corporation Limited in 2024 – 50 billion US dollars.

LEADING PRODUCTIONS OF 2024

1. Passenger Vehicles
2. Commercial Vehicles
3. Electric Vehicles
4. Automotive Parts and Components
5. Mobility Services

• ZTE Corporation – Annual trade valuation of ZTE Corporation in 2024 – 40 billion US dollars.

LEADING PRODUCTIONS OF 2024

1. Telecommunications Equipment
2. Smartphones and Mobile Devices
3. Optical Transmission Equipment
4. Enterprise and Cloud Solutions
5. Internet of Things (IoT) and Smart City Solutions

• Zhengzhou Yutong Bus Co., Ltd. – Annual trade valuation of Zhengzhou Yutong Bus Co., Ltd. in 2024 – 30 billion US dollars.

LEADING PRODUCTIONS OF 2024

1. City Buses
2. Electric Buses
3. Coach Buses
4. School Buses
5. Specialty Vehicles

• Haier Group Corporation – Annual trade valuation of Haier Group Corporation in 2024 – 20 billion US dollars.

LEADING PRODUCTIONS OF 2024

1. Home Appliances
2. Consumer Electronics
3. Kitchen Appliances
4. Smart Home and IoT Products
5. Commercial Equipment

• China National Chemical Engineering Co., Ltd – Annual trade valuation of China National Chemical Engineering Co., Ltd in 2024 – 15 billion US dollars.

LEADING PRODUCTIONS OF 2024

1. Petrochemical Equipment
2. Waste Treatment Solutions
3. Chemical Products
4. Solar power plants
5. Fertilizers

• China Shipbuilding Industry Corporation – Annual trade valuation of China Shipbuilding Industry Corporation in 2024 – 10 billion US dollars.

LEADING PRODUCTIONS OF 2024

1. Commercial Vessels
2. Naval and Military Ships
3. Offshore Engineering Equipment
4. Marine Equipment and Systems
5. Special Purpose Vessels

FAQ’S

Que. Name the Top Exporting Company of China in 2024.
Ans. Huawei Technologies Co., Ltd is the top exporting company of China in 2024.

Que. What is the Top Russian Imports From China in 2024?
Ans. Machinery is the top Russian imports from China in 2024.

Que. What is the Bilateral Trade Value of Russia and China in 2024?
Ans. The bilateral trade value of Russia and China in 2024 is 240 billion US dollars.

Que. Where Can You Get a Detailed Trade Analysis of the Bilateral Trade of Russia and China in 2024?
Ans. By subscribing to Import Globals, you can get a detailed trade analysis of the bilateral trade between Russia and China in 2024.

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