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    China-Russia Trade Turnover in July Up 19.4% Year-on-Year

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    The trade turnover between China and Russia increased by 19.4 percent in July compared to the same month last year, the Chinese Customs General Administration’s data showed Tuesday.

    BEIJING (Sputnik) – The overall volume of bilateral trade in July amounted to $7.02 billion, whereas in 2016 the figure totaled $5.65 billion, according to the customs administration. Chinese exports to and imports from Russia reached $3.96 billion and $3.05 billion, respectively.

    From January-July 2017, the bilateral trade turnover reached $46.82 billion, demonstrating 25.5 percent increase from the same period last year.

    Chinese exports have risen by 21.8 percent year-on-year over January-July, whereas import figures indicate a growth of 29.5 percent.

    In 2016, the trade turnover between Beijing and Moscow increased by 2.2 percent to $69.5 billion, according to Chinese data. China’s exports to Russia grew by 7.3 percent, amounting to $37.3 billion, whereas the value of imports from Russia dropped by 3.1 percent to $32.2 billion. In turn, the Russian Federal Customs Service indicated that the trade turnover between the countries totaled $66.1 billion.

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    trade turnover, administration, increase, customs, China, Russia
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