China’s exports to Russia declined in March, official data showed on April 13, in a sign that Chinese companies may be displaying more caution when it comes to trading with Moscow following its invasion of Ukraine in February.
Data shows that Chinese firms sold $3.8 billion worth of goods to Russia in March 2022, representing a 7.7 percent decline from a year earlier and the lowest amount since May 2020 amid the COVID-19 pandemic, which drastically impacted global trade.
Meanwhile, imports from Russia increased 26.4 percent from a year ago.
While data regarding which goods were imported will be available later in the month, China typically purchases oil, natural gas, coal, and agricultural products from Russia.
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