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BREAKING
Al Mayadeen's correspondent: Two were martyred in an initial toll of the Israeli drone strike that targeted the al-Asira neighborhood in the city of Baalbek, eastern Lebanon
Al Mayadeen's correspondent: An Israeli drone strike targeted the al-Asira neighborhood east of Baalbek, eastern Lebanon
Sheikh Naim Qassem to the pager attack survivors: You are the greatest resistance. Know that 'Israel' will fall because it embodies aggression, crime, and occupation; victory is truly yours
Sheikh Qassem to the pager attack survivors: The value of what you are doing despite your wounds is immense, and here you are, treading the path of the Master of Nation's Martyrs and the leaders
Sheikh Qassem to the pager attack survivors: You are moving forward with insight deeper than sight itself. The enemy sought to eliminate your role in the battle, yet you remain steadfast and continue the fight
Hezbollah Secretary-General Sheikh Naim Qassem to the pager attack survivors one year later: You are healing from your wounds and rising above them. You have successfully passed the test
Palestinian media: Reports of stabbing operation in occupied al-Quds.
Israeli media: Sirens blare in Arava in South, near Ramon Airport.
Egyptian PM Mostafa Madbouli: Egypt is targeted in plans to redraw regional map
AEOI Chief Mohammad Eslami: Our presence in IAEA General Council and fact-checking helped in preventing unilateral rhetoric that aims to portray Iran as an unregulated country

Trade with Russia up by 36% in Jan.-July, down by 15% with US: Beijing

  • By Al Mayadeen English
  • Source: Agencies
  • 8 Aug 2023 13:18
3 Min Read

Chinese deliveries to the US fell by 18.6 percent YOY to $281.655 billion, whilst US exports to China fell by 4.7 percent to $99.859 billion.  

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  • A crane lifts a shipping container at an automated port in Tianjin, China, January 16, 2023. (AP)
    A crane lifts a shipping container at an automated port in Tianjin, China, January 16, 2023 (AP)

China's trade turnover continues to progress in a positive trend as the trade turnover between China and Russia from January to July 2023 grew by 36.5 percent, amounting to $134.104 billion in revenues, China's General Administration of Customs said on Tuesday.

Within the specified timeframe, China exported goods to Russia worth $62.545 billion, signifying an increase of 73.4 percent in the same period in 2022.

On the other hand, Russian exports to China grew by 15.1 percent from January to July to $71.559 billion.

In the month of July alone, the trade turnover between the two countries amounted to $19.488 billion, with Russia exporting goods worth $9.208 billion to China, and China exporting goods worth $10.280 billion to Russia.  

On another note, trade with the US for the same period (January- July 2023) regressed by 15.4 percent to $381.514 billion, Beijing's customs said. 

In the reporting period, Chinese deliveries to the US fell by 18.6 percent YOY to $281.655 billion, whilst US exports to China fell by 4.7 percent to $99.859 billion.  

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In July alone, trade between the two countries amounted to $54.322 billion, with the US exporting goods worth $12.009 billion to China and China supplying goods worth $42.313 billion to the US.

Read more: China curbs exports on semiconductor metals gallium, germanium, drones

Last month, data from the Chinese General Administration of Customs showed that the trade turnover between Russia and China from January to June 2023 grew by 40.6% to $114.547 billion.

As for trade with the US for the same period, data showed that the trade turnover dropped by 14.5% to $327.264 billion since January 2023.

In the first half of the year, China's exports to the US decreased by 17.9% year-on-year to $239.35 billion. As for US imports to China, they dropped by 3.7% to $87.913 billion year-on-year. 

Despite this, the US remains among China's three top trading partners. The other two are the ASEAN countries and the EU.

In Q4 of last year, trade turnover between China and the US increased by 0.6% and reached $759.427 billion.

Read more: China demands EU to 'clarify' strategic relationship with Beijing

  • Russia
  • China
  • sino-russian relations

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