China has reached a record of $ 38 billion in Russian trade deficit

In 2022, China's trade deficit with Russia reached a record $ 38 billion (S $ 50.222 billion).With the outbreak of the Ukrainian war, global energy prices soared.

According to Bloomberg, the data released by the China Customs General Administration on Friday (January 13) shows that in 2022, China imported from Russia at $ 114.1 billion in goods, an increase of 44%over the previous year.In contrast, the total global imports increased by only 1.1%this year.China's exports to Russia have increased by about 13%to $ 76.1 billion.The annual trade deficit is more than three times that of the previous year.

With the sanctions on Russia with the Seventh Kingdom Group (G7) and the European Union, China and India and Turkey have become the few big buyers of Russian crude oil.China has not participated in sanctions on Russia, but has been greatly discounted by purchasing crude oil.