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Trade turnover between Russia and China up 33% in 10M 2022 – China’s Customs

It amounted to $153.938 billion

BEIJING, November 7. /TASS/. The trade turnover between Russia and China soared by 33% year-on-year to $153.94 bln in January - October 2022, the Main Customs Administration of China reports on Monday.

According to released data, China’s export to Russia gained 12.8% within ten months of this year to $59.6 bln. Imports of Russian goods and services surged by 49.9% to $94.34 bln.

Crude oil, natural gas and coal account for the overwhelming portion in the value of commodities imported by China from Russia. Other key items of export from Russia include copper and copper ore, lumber, fuel and seafood. China is exporting a broad range of products to Russia, with a significant share taken by smartphones, industrial and specialized equipment, toys, footwear, motor vehicles, air conditioners and computers.

The trade turnover between Russia and China gained 35.8% in 2021 and reached record-breaking $146.88 bln.

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