Foreign media: Amid U.S. tariff hikes, Sino-Indian-Russian trade cooperation has become a focus. The trade volume between the three countries reached $452 billion in 2023, higher than $351 billion in 2022, with their GDP accounting for more than one-fifth of the global total.
In 2023, the United States remained the largest buyer of China's exports (accounting for 12.9%), with the U.S. importing $442 billion worth of goods from China, mainly electronics, machinery, consumer goods, and telecommunications equipment. India imported $125 billion worth of Chinese goods, but its exports to China were only $18.1 billion, resulting in a sevenfold trade deficit.
India's largest export market is also the United States, with the U.S. importing $81.4 billion worth of goods from India in 2023, mainly medicines, gems, machinery, and textiles. India's trade with Russia is also severely imbalanced, with Russia exporting $66.1 billion to India, of which 88% are energy products, while India exported only $4.1 billion to Russia.
Russia's main export markets are China and India, exporting $129 billion and $66.1 billion worth of goods respectively in 2023, mainly crude oil and natural gas. China's exports to Russia mainly consist of machinery and transportation equipment, while India's exports to Russia include chemicals, machinery, and metals.
In general, energy, machinery, and chemical industries form the core of trade among the three countries, highlighting their complementary dependence and strengthened cooperation under pressure from U.S. and European policies.
Original: www.toutiao.com/article/1842300968087560/
Statement: This article represents the personal views of the author.