What is the impact of Ukrainian-Russian tensions on China’s trade?

1. Ukraine’s foreign trade orders have dropped significantly

According to reports, at present, China is Ukraine's largest trading partner, and in 2021, the trade volume of goods between China and Ukraine will hit a record high again. Since the conflict between Russia and Ukraine, traders engaged in Sino-Ukrainian trade in Yiwu, Zhejiang have been significantly affected.

2. The exchange rate fell

3. Increased pressure on raw materials

Russia, the world's largest natural gas exporter, the largest natural gas reserve country, and the largest wheat exporter, also supplies 10% of the world's nickel, 40% of the world's palladium, and about 5% of the world's aluminum. In 2018, the United States imposed sanctions Rusal, the international aluminum price rose by 30% immediately.

Ukraine, which accounts for 40% of the world's total black soil area, is the world's second largest exporter of grains, the world's second largest grain exporter, the world's largest exporter of sunflower oil, and the world's third largest exporter of rapeseed: at the same time , Ukraine supplies 70% of the world's neon and 40% of the krypton. 30% xenon.

4. Sea and air freight rates have risen, and logistics have been hindered

Under the Ukrainian-Russian tensions, not only sea freight has been greatly affected, but also air freight. Several European airlines have recently decided to suspend flights to and from Ukraine, including KLM, Air France, Lufthansa, SWISS, Austrian Airlines and more.