In 2007 1-9, Sino Russian Leather Luggage Exports Increased By 1.2 Times.

In the 1-9 month of 2007, trade between China and Russia continued to develop rapidly.

During the "China year" campaign held in Russia, trade promotion measures taken by the governments and enterprises of both countries have injected new impetus to bilateral trade development.

The current trade development of the two countries has the following characteristics: (1) bilateral trade continues to grow at a high speed.

According to Russian customs statistics, 1-9 Sino Russian trade reached 26 billion 700 million US dollars in 2007, an increase of 47.4% over the same period last year, which surpassed the average growth rate of Russia's foreign trade.

Among them, Russia's exports to China amounted to 10 billion 910 million US dollars, an increase of 8.9%; imports from China amounted to 15 billion 790 million US dollars, an increase of 94.9%; Russia's trade deficit was 4 billion 880 million US dollars, accounting for 18.3% of the total trade between the two countries.

This is the first trade deficit since Russia launched its trade with China.

At present, Sino Russian trade accounts for 8.3% of Russia's foreign trade and is on the rise. China has become Russia's third largest trading partner.

(two) the scope of trade between the two countries has gradually expanded.

In 2007, 1-9 of Russia's exports to China (according to HS two bit coding) exceeded 100 million US dollars, including 13 kinds of commodities, including fossil fuels, wood and wood products, fertilizers, organic chemicals, iron and steel, nuclear reactors, wood pulp, electrical machinery and electrical appliances, ores, rubber and their products, nickel and its products, fish products and optical instruments.

There are 25 major categories of goods imported from Russia in China (according to HS two bit coding), which exceed 100 million US dollars. In addition to the traditional light industrial textile products, motor, electrical, audio-visual equipment and their accessories, nuclear reactors, boilers, mechanical appliances and parts, vehicles and their zero accessories; plastics and their products, iron and steel products, aquatic products, plant products and various metal products have become major import commodities.

In bilateral trade, there are more than 1 billion U.S. dollars in trade volume, such as fossil fuels and wood products exported from Russia to China, and imported motor, nuclear reactors and footwear products imported from Russia.

(three) the quality of bilateral trade has improved.

Electromechanical products have become the first category of Chinese exports to Russia.

According to Russian customs statistics, in the 1-9 months of 2007, the bilateral trade in mechanical and electrical products reached 8 billion 710 million US dollars, an increase of 85.2%, and the proportion in bilateral trade reached 32.6%, an increase of 6.6 percentage points over the same period in 2006.

Among them, Russia's import and export of electromechanical products from China amounted to 7 billion 890 million US dollars, an increase of 98%, accounting for 50% of Russia's total imports from China.

Motor, electrical, audio-visual equipment and their accessories; nuclear reactors, boilers, mechanical appliances and parts; vehicles and their accessories were imported at 3 billion 770 million US dollars, 2 billion 920 million US dollars and 892 million US dollars respectively, representing an increase of 80.7%, 97.3% and 293.8% respectively.

Russia's import from China has increased exponentially on printing equipment, freight motor vehicles, television sets and ordinary steel plates.

China has become Russia's largest importer of goods in wire telephony, automatic data processing equipment and its components, television receivers, printing presses, electric water heaters, freight motor vehicles and ordinary steel plates. It occupies a 25-60% share in the Russian market.

(four) the trade potential of traditional import and export commodities is still great.

Fertilizer, steel, wood and wood products are the three main categories of traditional goods exported from Russia to China.

In recent years, with the adjustment of China's industrial structure, steel exports to China have declined, but fertilizer and timber exports still maintain a relatively high growth rate.

In 1-9, Russia's exports of Chinese wood and wood products amounted to US $2 billion 20 million, an increase of 50.7%, accounting for 18.5% of Russia's total exports to China, and 760 million US dollars of chemical fertilizer exports, an increase of 19%, accounting for 6.9% of Russia's exports to China.

With the sharp increase of Russian residents' income and the appreciation of ruble, as well as the improvement of the quality of China's exports, China's exports of Russian light textile products have risen sharply.

In the 1-9 months of 2007, in the top 10 categories of goods exported to China by Russia, four of the textile products were ranked in four categories (including HS, four bit coding), among which footwear (HS6403) and rubber or plastic outsole and shoe upper footwear (HS6402) increased 114.9% and 52.1% respectively to Russia's exports. China's market share in Russia was 62.9% and 89.6%, respectively, and became Russia's largest source country of imports.

China's toy exports to Russia amounted to 370 million US dollars, an increase of 54.8%.

China's exports to Russia of knitted or crocheted garments and accessories and non knitted or crocheted garments and accessories have increased by 2.4 US dollars in total, 9.5 US dollars.

In addition, the export of leather bags was 170 million US dollars, an increase of 1.2 times.

(five) China's exports to Russia are facing fierce competition.

In the 1-9 months of 2007, Russia's imports from China continued to grow at a high speed, but at the same time, Russia's imports from Japan, South Korea and Turkey increased by 63.5%, 26.9% and 66.9%, respectively.

On manned vehicle (HS8703), Russia imported 5 billion 680 million US dollars from Japan, accounting for 37.9% of Russia's imports of similar commodities, ranking first in the world, and 1 billion 270 million from South Korea, accounting for 8.5% of the market share, ranking fourth.

China failed to enter the top five.

On the motor vehicle annex (HS8708), Russia imported $760 million from Korea, and imports from Japan $230 million. They accounted for 29.6% and 9.1% of the imports of similar commodities in Russia, respectively, while China ranked fifth, accounting for 6.5% of the total.

On freight pport vehicles (HS8704), Russia imports 270 million US dollars from China, accounting for 16% of the imports of similar commodities, and China is the second largest source of imports after Germany.

Although the car has become a staple of China's exports to Russia, China is facing competition from Germany, Britain and other European countries, as well as from Japan, Korea and other Asian countries.

At present, China's commodities mainly occupy the Russian low and medium automobile market, and in this market, they are also facing fierce competition from Russian domestic cars. Russian manufacturers occupy a unique competitive advantage by virtue of their price advantages and good after-sales service network.

Therefore, how to further enhance the competitiveness of our products and enhance after-sales service will be related to the sustainability of China's export to Russia.