Russia-China trade turnover down almost 30% in 2015

China’s customs department: "Last year was rather challenging and difficult for international trade. We believe this year will be the same to some degree”
Russia-China trade turnover down almost 30% in 2015
13 January 11:22 2016 Print This Article

By the end of 2015, trade turnover between China and Russia fell by more than a quarter (27.8%) to 422.7 billion yuan ($ 64.2 billion), reports Rbc.ru citing China’s customs department spokesman Huang Songping.

According to customs department, last year, the exports of Chinese goods to Russia fell by 34.4% to 216.2 billion yuan ($ 32.9 billion), while imports of Russian goods to China fell by 19.1% to 206.5 billion yuan ($ 31.4 billion).

“Last year was rather challenging and difficult for international trade. We believe this year will be the same to some degree. The improvement of the situation in the Russian-Chinese trade depends first of all on the economic environment in two countries and second, on the situation in the world in general,” Huang Songping said.(cit. – Tass)

China is the largest trading partner of Russia. In January 2015, China’s customs department had reported a decline in trade with Russia by 36.4% to 33.2 billion yuan ($ 5.3 billion). In 2014, trade turnover between the countries decreased by 0.8% to $ 88.1 billion, or about 11% of Russia’s foreign trade.

Anastasiia Kochkurova

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