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China reduces trade turnover with US by 4% to $150 bln in January - March

In March, trade turnover between the two countries amounted to $50.5 bln, while exports from China reached $36.72 bln

BEIJING, April 12. /TASS/. Trade between China and the United States fell by 4% to $150 bln in the Q1, according to the General Administration of Customs of China.

According to the department, Chinese exports to the United States decreased by 1.3% to $110.1 bln. Imports of US goods fell by 10.7% to $39.9 bln

In March, trade turnover between the two countries amounted to $50.5 bln (an increase of 18.4% compared to February), exports from China reached $36.72 bln (+19.2%), US imports - $13.78 (+16.1%).

China actively imports soybeans, cotton and corn, microchips, SUVs, liquefied petroleum gas and oil, coking coal, and copper ore from the United States. The United States purchases smartphones, computers, lithium-ion batteries, plastic products, security cameras, household appliances, shoes, children's toys and other items from China.

At the same time, the volume of Chinese-Russian trade in January - March increased by 5.2% year-on-year and reached $56.68 bln. According to the General Administration of Customs of China reported, 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.

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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