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Exports may be hampered by recessionary conditions in the US and Europe. The outlook is better with regards to its trade with Russia, the GCC countries, and the countries in the BRI network. Russia is occupied with the Ukraine war. It requires to import large quantities of consumer manufactures and industrial products, machines, and equipment, such as for construction and infrastructures. GCC countries also need manufactured and industrial products and equipment as they journey towards the diversification of their economies. Trade with the BRI countries grow in tandem with the progress of the development of the network. The freshest stats are that China managed a 2.3% rise of its GDF last year, while all the other major economies are reported to have contracted.
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