Trade turnover between Russia and China grew by 40.6% in the first half of the year – Kommersant

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Trade turnover between Russia and China in the first six months of 2023 amounted to $111.55 billion. The figure increased by 40.6% compared to the same period in 2022. Growth rates have remained virtually unchanged since January-May, when trade between the countries increased by 40.7%.

China exported $52.28 billion worth of goods to Russia, up 78.1% from the first half of 2022. “RIA News” China Customs Administration data. Imports from Russia grew by 19.4%, to 62.26 billion. In June, trade between the countries amounted to $20.83 billion.

In 2022, the trade turnover between Russia and China increased by 29.3%, to $190.27 billion, which was a record. Aide to the President of the Russian Federation Maxim Oreshkin saidthat China has become a key Russian partner, surpassing the European Union in terms of trade with Russia. Russian Prime Minister Mikhail Mishustin saidthat 70% of cross-border settlements between Russia and China are carried out in rubles and yuan.

Leonid Uvarchev

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