07.May .2021 22:00

Trade Between Russia and China Already Exceeded US$ 40 BLN

Trade Between Russia and China Already Exceeded US$ 40 BLN
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Trade between Russia and China in the first four months of 2021 grew by 19.8% year on year, to US$ 40.207 billion. Exports to the Russian Federation from PRC in January-April increased by 38.7% and amounted to about US$ 18.19 billion. Imports of Russian goods and services increased by 7.7%, to US$ 22.016 billion.
In April alone, trade between the two countries amounted to US$ 10.803 billion, Russian media TASS reports with reference to the General Administration of Customs of PRC.
Earlier, the authorities of the Russian Federation and the PRC set a task to achieve an annual volume of bilateral trade of US$ 200 billion. In November 2019, Russian President Vladimir Putin said at the BRICS summit in the Brazilian capital that this task is realistic.
At the end of 2020, trade between Russia and China decreased in annual terms by 2.9% and amounted to US$ 107.76 billion. The Russian ambassador to PRC noted that Russia and China, according to the forecasts of Chinese specialists, will have the opportunity to start recovering the 2020 losses from 2021 and reach the targeted US$ 200 billion by 2024 or 2025.
China's external trade in the first four months of 2021 grew by 38.2% in annual terms, to US$ 1.79 trillion.
As follows from the data published on the website of the agency, the China’s exports increased by 44%, to US$ 973.69 billion. Imports grew by 31.9%, to US$ 815.79 billion.
In April alone, China's foreign trade amounted to US$ 484.988 billion.
In the first quarter of this year, the volume of foreign trade of the PRC increased by 38.6%, amounting to US$ 1.3 trillion. At the end of 2020, China's foreign trade turnover increased by 1.5% to US$ 4.64 trillion.