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China, Russia Trade Volume Grows by 30%

  • By Al Mayadeen
  • Source: Agencies
  • 13 Oct 2021 14:03
1 Min Read

China's trade turnover with Russia for the first three quarters of 2021 increased by 29.8%, compared to the same period last year, to $102.529 billion.

  • x
  • Chinese - Russian Trade
    Chinese - Russian trade

The Chinese General Customs Administration said that the volume of trade exchange between Russia and China increased in the first three quarters of 2021 by 29.8% compared to the same period last year.

The Chinese customs had stated in June that the trade volume between the two countries increased during Q1 and Q2 by 23.6% to $50.65 billion, compared to the same period in 2020. The volume of trade exchange between the two countries amounted to 102.529 billion dollars this year.

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Chinese exports to Russia during the reported period grew by 32.4% in annual terms and amounted to $47.401 billion, while imports from Russia to China increased by 27.6% to $55.128 billion.

It is noteworthy that at the end of 2020, trade between Russia and China fell by 2.9% to $107.76 billion because of the pandemic. 

Russia and China are bound by historical relations, in addition to partnerships in many fields. The two countries also play a very important role in resolving many international crises and preserving global cooperation.

  • COVAX
  • trade volume
  • COVID-19 pandemic
  • Russia
  • COVID-19
  • China
  • Trade
  • COVID-19 Vaccines

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