Belousov predicted an increase in trade turnover between Russia and China in 2023 to $200 billion

First Deputy Prime Minister Andrei Belousov said at a meeting of the intergovernmental Russian-Chinese commission on investment cooperation in Beijing that trade turnover between Russia and China will grow to $200 billion by the end of 2023, and to $300 billion by 2030.

According to Andrei Belousov, it was planned to reach $200 billion in trade turnover in 2024, however, according to his estimates, this volume will be achieved by the end of 2023. “By 2030, this figure will probably reach $300 billion,” said Mr. Belousov (quote TASS).

He emphasized that China is Russia’s key partner in trade and investment, and noted the growth of trade in the food, metallurgy, chemicals, equipment and transport segments. Andrey Belousov said that countries are launching joint investment projects in priority sectors. In particular, in the automotive industry, agriculture, gas production and gas chemical industries, etc.

“Due to the departure of a number of Western companies from the Russian market, new opportunities are opening up for Chinese partners,” the politician concluded. Last year, trade between Russia and China reached a record high of $185 billion.

Federal Customs Service reported that the volume of Russia’s foreign trade in January-September amounted to $530.2 billion. Of this amount, exports accounted for $316.9 billion, imports – $213.3 billion. Asian countries took a large share in Russia’s trade turnover.

Read more about the countries of export of Russian software in the material “Markets are being outlined for Russian software”.

Alexandra Goroshilova