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.
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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