Trade turnover between Russia and China in January-April increased by 25.9%

The trade turnover between Russia and China in January-April increased year on year by 25.9%, reaching $51.09 billion, the General Administration of Customs (GTU) of the People’s Republic of China announced this on Monday. As follows from the published data, exports from China to Russia increased by 11.3% over four months and amounted to about $20.24 billion. Imports of Russian goods and services increased by 37.8%, to $30.85 billion. The positive balance of Russia in January-April reached $10.61 billion, an increase of 2.77 times compared to the same period in 2021. In April alone, the volume of trade between the two countries amounted to $12.69 billion, which is 8.7% more than in March. Approximately 70% of the cost of goods imported from the Russian Federation to China falls on oil, natural gas and coal. Other key imports from Russia include copper and copper ore, timber, fuel and seafood. China exports a wide range of products to our country, a significant share of which is smartphones, industrial and specialized equipment, children’s toys, shoes, vehicles, air conditioners and computers. Trade turnover between Russia and China in 2020 due to the coronavirus pandemic decreased by 2.9% (to $107.76 billion), and in 2021 it grew by 35.8%, reaching a record $146.88 billion.