Trade between Moscow and Beijing increased by 25.7% in nine months


Trade between Russia and China increased by 25.7% from January to September 2018 compared with the same period last year, according to data released by the main Chinese Customs Administration.The main Chinese Customs Administration announced that from January to September 2018, trade between Russia and China had increased by 25.7% per year. compared to the same period in 2017.
Thus, the total volume of bilateral trade in the first nine months of this year was $ 77.15 billion. During the period under review, Chinese exports to Russia increased by 12.7 percent to $ 35.2 billion, while imports from Russia increased by 39.2 percent to 41 percent. , $ 9 billion, says the document.
In September, trade between the two countries amounted to $ 9.64 billion. China imported goods to Russia for $ 5.6 billion, while Russia has done the same for China for $ 4.04 billion, according to published data.
In 2017, trade between Russia and China had already increased by 20.8% compared to 2016, reaching $ 84 billion. Chinese exports to Russia increased by 14.8 percent to $ 42.9 billion that year, while imports from Russia increased by 27.7 percent to 41, $ 2 billion.
In September, Vladimir Putin said after talks with Xi Jinping that Russia and China were in favor of using national currencies in their trade in the face of persistent risks in the global economy.