Trade turnover between Russia, China grows by 26 percent in four months

China's foreign trade reached $1.22 trillion in the first four months of 2017.

China's foreign trade reached $1.22 trillion in the first four months of 2017.

Reuters
Overall trade turnover between Russia and China reached $24.73 billion.

Trade turnover between Russia and China increased by 26.2 percent in the first four months of the current year, to reach $24.73 billion, China’s customs department said in a report published on Monday.

During this period, China’s exports to Russia grew by 22 percent reaching $11.65 billion. At the same time, China’s imports from Russia increased by 30.1 percent to $13.08 billion, the report adds.

According to the Chinese customs department, on the whole, the country’ foreign trade grew by 13.6 percent in the first four months of 2017, reaching $1.22 trillion.

China’s exports grew by 8.1percent to $662.7 billion, while imports increased by 20.8 percent to $559.4 billion. In the first four months of the year, the trade balance surplus was $103.3 billion.

In 2016, China’s foreign trade decreased by 6.8 percent to $3.68 trillion. Trade turnover between China and Russia grew by 2.2 percent to reach $69.52 billion.

Source: TASS

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