China increases imports of Russian plastics 7.4% month-on-month in Nov, rubbers 3.4%

MOSCOW. Dec 23 (Interfax) - China increased imports of Russian plastics and plastic products 7.44% month-on-month in monetary terms in November to $42.61 million, according to statistics from China's General Administration of Customs.

Imports fell 3.3% year-on-year.

Polyethylene worth $32.48 million was imported from Russia, up 11.5% MoM and 20.2% YoY; polypropylene imports stood at $6.3 million, down 8.5% MoM and 40.2% YoY, polystyrene imports stood at $17,700, down 37 times MoM and 9 times YoY and polyvinyl chloride imports were valued at $2.3 million, up 1.7-fold MoM and 2-fold YoY.

Imports of rubber, rubber products and their derivatives from Russia increased 3.4% MoM and 1.6-fold YoY, reaching $93.1 million. The majority of imports from Russia were synthetic rubbers, which accounted for $93 million.

Exports of plastics to Russia fell 11.2% MoM but rose 1.3% YoY, totaling $404.9 million.

China's revenue from the sale of polyethylene to Russia was $13.82 million, down 11.7% MoM and 21.6% YoY, polypropylene - $6.5 million (down 33% MoM and 47% YoY), polystyrene - $6.5 million (up 1% MoM but down 0.8% YoY) and PVC - $9.1 million (down 3.5% MoM and 52% YoY).

Exports of rubbers fell 12.8% MoM and 13.5% YoY, totaling $172.4 million. Of this, the majority ($118.5 million) came from tire supplies, down 14.3% MoM and 20.6% YoY. Conveyor belt exports also declined 12.4% MoM and 6.4% YoY to $7.5 million. Russian companies paid $9.4 million for synthetic rubber, up 1.5-fold MoM and 7.5% YoY, and $10.13 million for vulcanized rubber tubes and hoses, down 17.6% MoM but up 7.2% YoY.

China reduced its imports of Russian plastics and related products 2.1% in monetary terms in 11M 2024 to $428.4 million, while exports fell 2.3% to $3.97 billion. Imports of rubber, rubber products and their derivatives from Russia increased by 29.8% to $834.5 million, while exports fell 11.3% to $1.83 billion.