DYNAMICS OF TRADE RELATIONS BETWEEN RUSSIA AND CHINA (2008-2021)

In connection with global economic developments and challenges, the object of this study is the trade relations between Russia and China with the purpose of examining the multifaceted nature of trade interactions between the two big countries. Russia exports mainly natural resources while China exports finished products and mechanical equipment. These differences indicate the structural features of the economies of both countries thereby reflecting the specialization of each country. The relevance of the research topic lies in the fact that today trade relations between Russia and China are at a high level and continue to develop. In Russia's foreign trade, China occupies leading positions in all categories, in terms of imports and exports. Through analyzing the evolution of trade patterns, this study seeks to offer insights that can inform policymakers, businesses, and researchers about the trajectory of a bilateral trade relations between Russia and China from 2008 to 2021.