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.