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Turnover between Russia and China might grow by 19% in 2018 — Chinese Ministry of Commerce

April 27, 18:45 UTC+3 BEIJING

The trade turnover between the two countries last year increased by 19% in comparison with 2016

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© AP Photo/Andy Wong

BEIJING, APRIL 27. /TASS/. The trade turnover between Russia and China in 2018 may exceed $100 bln, Deputy Chairman of China’s Ministry of Commerce said at a press conference on Friday.

According to the official, this year bilateral trade between China and Russia demonstrates a positive trend - in the Q1 it increased by 30%, and, according to our forecasts, in 2018 will exceed the $100 bln mark.

The trade turnover between the two countries in 2017 amounted to $84.1 bln, increasing by 19% in comparison with 2016.

The trade turnover between Russia and China in January-March increased by 28.2% to $23 bln. According to the report of the General Administration of Customs of China, in the reporting period, the volume of exports from China to Russia increased by 23.7% and amounted to $10.3 bln. At the same time, the volume of imports of Russian goods to China in the same period increased by 32% to $12.7 bln.

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