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The Trade Turnover between Russia and China in 2018 Increased by 27.1 Percent
21.01.2019 17:02
The Trade Turnover between Russia and China in 2018 Increased by 27.1 Percent

The trade turnover between Russia and China in 2018 increased by 27.1 percent and amounted to more than 107 billion dollars, as it was stated by the head of the statistical analysis department of the General Customs Administration of the People's Republic of China, Li Kuiwen.  As Lee Kuiwen noted, this is a historical record in Russian-Chinese trade.

      “According to the growth dynamics, Russia is in the first top ten positions of our key partners,” he said. According to customs, the volume of exports from China to the Russian Federation for 12 months increased by 12 percent and amounted to more than 47.97 billion dollars. Imports of Russian goods and services to the PRC increased by 42.7 percent (to 59.08 billion dollars). Lee Kuiwen clarified that  China mostly exported  products of electromechanical industry to Russia, while imported oil, coal and lumber.

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Author: Anna Dorozhkina

Tags: Russian economy Russian business    

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