Trading Turnover between Russia and China Down 5.6%

Trade turnover between Russia and China dropped by 5.6% in January-June period of 2020 year-on-year to $49.15 billion, according to the data released by China’s General Administration of Customs on Tuesday, as reported by TASS.

Exports from China to Russia lost 6% in the reporting period to roughly $20.94 billion, while Russia’s imports to the People’s Republic of China decreased by 5.3% year-on-year to $28.21 billion.

Russia’s surplus account amounted to $7.27 billion in six months, down by 2.9% compared with the same period last year.

In 2016, Russia-China trade turnover grew by 2.2% in annual terms to $69.52 billion. In 2017, it surged by 20.8% year-on-year to $84.07 billion, in 2018 it added 27.1% to over $107 billion, while in 2019 it rose by 3.4% to $110.75 billion.

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