Reports on Russian trade in goods with Asian countries in 2019

Russia's trade with Asian countries has demonstrated the positive dynamics in 2019. Asia is viewed by Russia as very promising partner.
 
 
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MOSCOW, Russian Federation - March 2, 2020 - PRLog -- Russian Foreign Trade has released the reports on Russia's foreign trade in goods with the countries of Asia in 2019.

The reports have been prepared by Russian Foreign Trade stuff based on the data from the Federal Customs Service of Russia.

A brief review of Russia's trade with Asian countries in 2019

The share of Asian countries in Russia's total trade (exports and imports) rose from 38.63% in 2018 to 40.09% in 2019.

The share of Asian countries in Russia's total exports rose from 36.73% in 2018 to 38.18% in 2019.

The share of Asian countries in Russia's total imports rose from 42.20% in 2018 to 43.41% in 2019.

The major trading partners of Russia in Asia in 2019:

- The top ten Russia's trade partners in Asia in 2019 were China (16.6405% of Russia's total foreign trade), Turkey (3.9058%), South Korea (3.6545%), Japan (3.0475%), Kazakhstan (2.9438%), India (1.6848%), Taiwan (0.7877%), Uzbekistan (0.7630%), Vietnam (0.7380%), and Azerbaijan (0.4755%);
- The top ten Russia's export markets in Asia in 2019 were China (13.4330% of Russia's total exports), Turkey (4.9821%), South Korea (3.8690%), Kazakhstan (3.3235%), Japan (2.6853%), India (1.7286%), Uzbekistan (0.9244%), Taiwan (0.7632%), Azerbaijan (0.5470%), and Singapore (0.5439%);
- The top ten Russia's import suppliers from Asia in 2019 were China (22.2032% of Russia's total imports), Japan (3.6756%), South Korea (3.2824%), Kazakhstan (2.2852%), Turkey (2.0391%), India (1.6087%), Vietnam (1.5518%), Taiwan (0.8302%), Malaysia (0.7199%), and Thailand (0.7194%).

The most notable changes in Russia's trade with the countries of Asia in 2019 over 2018:
- The share of Vietnam in Russia's total exports declined 2.0-fold from 0.5461% in 2018 to 0.2687% in 2019;
- The share of Iraq in Russia's total exports declined 2.7-fold from 0.1701% in 2018 to 0.0625% in 2019;
- The share of Saudi Arabia in Russia's total exports rose from 0.1695% in 2018 to 0.3318% in 2019.

The reports are publicly available here: https://en.russian-trade.com/reports-and-reviews/2020-02/...

For more information on Russian foreign trade, visit http://en.russian-trade.com/
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