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Since China joined the WTO World Trade Organization, we have become the world's second largest economy in about 20 years, and last year it surpassed the United States to become the largest foreign trade country. China's development speed over the years has shocked all countries around the world. Over the years, we have actively cooperated with overseas countries, ranging from energy to agricultural products, and we have trade relations with overseas countries in any field. Recently, good news has been heard in foreign trade. China-Russia trade volume is expected to exceed 1 trillion in 2022. Even foreign media said that China is too fast, so what kind of Russian products has my country imported? Let’s take a look together.
In addition to European and American countries, Russia should be the one with the most frequent economic and trade exchanges in China. In the past few years, apart from oil, we did not have a lot of energy cooperation with Russia. Since my country and Russia built the natural gas pipeline, we have begun to import a large amount of Russian natural gas. In a short period of time, our import volume has increased by 50 times, and the current import volume is still increasing. In addition to natural gas, there is also coal. In the past, Australia was the main importer of coal in my country, but what Australia did was obvious to everyone. If my country does not stop importing coal from Australia, then Australia may have to fly into the sky. Therefore, in order to make up for the gap in Australian coal, we chose neighboring Russia and strengthened coal cooperation with Russia.
Of course, in addition to Russian energy, we are also constantly importing Russian agricultural products. Because although Russia has a huge land area, its population is not large and it has a large area of arable land, Russia is not only a major energy country but also an agricultural country. The quality of wheat, millet, beef, pork and other agricultural products in Russia are excellent, and my country has been importing them for many years. It is worth mentioning that since February this year, Apple has gradually withdrawn from the Russian mobile phone market. As a result, the Russian mobile phone market is full of a large number of Chinese mobile phone brands. Huawei , Xiaomi, OPPO and other mobile phones occupy more than 80% of Russia's mobile phone market, so the bilateral trade volume has reached a very considerable value.
According to financial data in the first half of the year, the bilateral trade volume between China and Russia reached 324.9 billion yuan. Although this value is relatively low, the growth rate of trade volume reached as much as 26%, which is the highest growth rate among China's foreign trade countries. The trade volume with the United States, Japan and South Korea is 4.88 trillion yuan, 2.4 trillion yuan and 2.24 trillion yuan respectively, with a growth rate of only 20%, 9% and 18%, so it can be seen that the potential of our trade volume with Russia is huge. Moreover, Russia is in a stage of rapid development, and many products need to be imported from China. Developed countries such as the United States, Japan and South Korea are almost saturated in their markets, which means that the trade volume is basically fixed. However, Russia is different and still maintains huge potential.
As the second largest military country and one of the Five Constant States, Russia has a high voice in the international community, but its economic development is frequently hindered. As old friends of Russia, we are doing our best to help Russia develop its economy and drive them to ride our economic express. At present, the Russian people like to import our manufacturing products, such as home appliances, mobile phones, snacks, etc. It has to be admitted that since Russia imported a large number of Chinese products, the quality of life of the people has also increased a lot.