Russia-China trade gets another significant boost

ArticleDeflationMay 9, 2018 - 7:07:34 AM

Trade turnover between Russia and China grew by 31 percent in the first three months of the year compared to the same period in 2017, according to the Russian customs data.

Exports from Russia to China amounted to $12.27 billion (an increase of 37.1 percent), imports to Russia from China surged to $11.8 billion dollars (an increase of 24.9 percent) in the period. The total trade turnover amounted to $24.1 billion.

The trade turnover between Russia and China reached $69.52 billion by the end of 2016. In 2017, it jumped by 20.8 percent to $84 billion. China is Russia’s largest trading partner. The countries have been planning to reach the $100 billion volume this year…

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