Russia-China trade turnover soars nearly 25% since beginning of 2021 — RT Business News

Bilateral trade between Russia and China noticed vital development within the first 5 months of the present 12 months, the most recent information from China’s General Administration of Customs exhibits.

According to the info, the whole quantity of trade between the 2 nations throughout the interval amounted to $50.65 billion, marking year-on-year development of 23.6%. In May alone, Russia-China trade turnover reached $10.449 billion.

Exports of Chinese items to Russia elevated by 35.3% to $22.921 billion, whereas imports of Russian merchandise surged 15.4%, and reached $27.735 billion.

Mutual trade between the nations has returned to optimistic development this 12 months after pandemic-hit 2020 noticed a nearly 3% year-on-year decline.

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Russia-China trade turnover may reach $200 BILLION by 2024, Putin says

Last week, Russian President Vladimir Putin mentioned that regardless of the financial disruptions attributable to the coronavirus pandemic, trade between Russia and China nonetheless exceeded $100 billion, and reached $104 billion final 12 months.

Putin added that Russia-China bilateral trade is predicted to achieve $200 billion by 2024.

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