China, Russia Trade Volume Grows by 30%
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.
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.
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.