Estimates by the General Administration of Customs has showed that Chinese exports to Russia rose 14.8 percent to $42.9 billion last year, while Russian exports were up 27.7 percent to $41.2 billion.
China remains Russia’s biggest trade partner in terms of trade turnover. Russia estimated in 2016 that the annual trade flows between the two world powers were at $66.1 billion.
Russia is trying to develop its Far East federal district by improving its infrastructure and intensifying cooperation with Asian nations such as China, Japan and South Korea.
Meanwhile, Chinese President Xi Jinping, at the end of the previous year, expressed his readiness to enhance trust with Russia and to expand cooperation with Moscow in 2018.