Russia-China trade grows 4.5% in first 8 months of 2019 to over $70 bln

Trend:

Trade turnover between Russia and China in January-August 2019 grew 4.5% to $70.59 bln, China’s General Administration of Customs said on Sunday, Trend reports citing TASS.

According to the data published by the agency, the volume of Chinese exports to Russia showed zero growth the first eight months of this year, estimated at nearly $31.14 bln. China’s imports of Russian goods and services increased 8.3% to $39.45 bln.

In July, trade turnover between the two countries reached $9.41 bln.

In 2016, Russian-Chinese trade rose 2.2%, reaching $69.52 bln. In 2017, this number grew 20.8% to $84.07 bln, and in 2018 it exceeded $107 bln, showing a 27.1% growth.