China-Russia trade up 3.4% in 2019 exceeding record $110 bln.

China-Russia trade up 3.4% in 2019 exceeding record $110 bln.
  • Clock-gray 09:17
  • calendar-gray 14 January 2020

Trade between China and Russia totaled a record $110.75 billion over 2019, marking a 3.4 percent increase year-on-year, the Chinese General Administration of Customs reported on Tuesday, APA reports citing Sputnik.

According to freshly-published data, Chinese exports to Russia increased 3.6 percent from 2018, totaling $49.7 billion, while imports from Russia increased 3.2 percent to total $61.05 billion.

In December alone, China imported $5.53 billion worth of Russian goods and exported $4.88 worth of its own goods to Russia, the data shows.

Over the previous 11 months of 2019, Chinese exports to Russia increased 2.7 percent year-on-year to $44.58 billion, while its imports from Russia totaled $55.74 billion, which is a 3.5 percent increase compared to the same period in 2018.

In 2018, Chinese-Russian trade exceeded the $100 billion target set by the two countries' leaders, amounting to more than $108 billion and demonstrating a 24.5 percent growth compared to the previous year, according to the Russian Federal Customs Service.

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