China's Supplies Of Goods To Russia Collapsed By 21%

Despite requests from the Kremlin to increase mutual trade.

Flows of Chinese goods that have come to Russia to replace Western goods, saving the economy from shortages and sanctions, continue to decline rapidly despite the Kremlin's requests to increase mutual trade.

China's exports to Russia in yuan terms collapsed 21% in September, Reuters reported, citing Chinese customs data. Chinese goods worth 63.11 billion yuan, or $8.85 billion, entered Russia last month, the lowest volume since February.

The decline in Chinese shipments, which started at the beginning of the year, is accelerating: in July it was 8.6% year-on-year, in August - 16.4%. As a cumulative total for 9 months, the import of goods from China fell by 10.6%.

China's purchases of Russian raw materials, which were falling at the beginning of the year, began to recover in the fall: after a decline of 8.8% in January-August, in September they grew by 3.8% in annual terms.

The decline in Russian-Chinese trade has caused concern in the Kremlin, which fully understands the dependence on Beijing, sources close to the Russian authorities told Reuters in August.

"China does not behave like an ally," complained one of the agency's interlocutors. - Sometimes it lets us down and stops payments, sometimes it profits from us, and sometimes it just robs us."

China provides the lion's share of Russia's export revenues, and its technology is critical for the military-industrial complex, another Reuters source said: "Without it, we would not have been able to make a single missile or a single drone, and the entire economy would have collapsed long ago. <�...> If they wanted to, the war would have ended."

According to the agency's interlocutors, increasing trade with China was one of the key requests President Vladimir Putin flew to Beijing in early September.

Problems with Chinese supplies have been exacerbated by traffic jams on the border with Kazakhstan, which since September has tightened inspections of vans for sub-sanctioned goods. As a result, by early October, more than 7,000 trucks had queued up at the border crossings, and the traffic jam stretched for kilometers. As Kommersant wrote, Kazakhstani customs officers "turn around" any cargoes with microchips and machine tools, causing logistics companies to try to divert trucks to other routes - via the Far East and Mongolia.

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