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China-Russia trade rises by 5.2% to $56.68 bln in January - March

According to the customs figures, the trade turnover of the two countries in March increased by 13% compared to February and amounted to $19.57 bln

BEIJING, April 12. /TASS/. The volume of Chinese-Russian trade in January - March increased by 5.2% year-on-year and reached $56.68 bln, the General Administration of Customs of China reported.

According to the report, over this time, exports from China to Russia increased by 2.6% to $24.43 bln. The flow of goods from Russia increased by 7.3% and reached $32.25 bln. Russia still has a positive balance, which increased by 37.4% compared to Q1 2023 to $7.82 bln.

According to the customs figures, the trade turnover of the two countries in March increased by 13% compared to February and amounted to $19.57 bln - Chinese exports remained at around the same level ($7.63 bln), while imports from Russia increased by 22.7% to $11.94 bln.

Energy resources such as oil, natural gas, and coal account for the majority of China's imports from Russia. Other key imported products include copper and copper ore, timber, fuel, and seafood. China exports a diverse range of products to Russia, including cars, cellphones, industrial and specialized equipment, toys, shoes, vehicles, air conditioners, and computers.

The trade turnover between the Russia and China in 2022 increased by 29.3%, to $190 bln. In 2023, it reached a record high of $240.11 bln, rising by 26.3%.

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