Trade turnover between Russia and China in 2023 reached a record $240.11 billion – Kommersant

At the end of 2023, trade between China and Russia increased by 26.3% and reached $240.11 billion, which became a record. This was reported by TASS with reference to data from the General Customs Administration of the People’s Republic of China.

According to the department’s report, exports from China to the Russian Federation during this period increased by 46.9%, to almost $110.97 billion. Imports of Russian goods increased by 12.7%, to $129.14 billion. Russia’s surplus over the past year was halved year on year, up to $18.17 billion.

In 2022, trade turnover between Russia and China increased by 29.3%, to a record $190.271 billion. Assistant to the President of the Russian Federation Maxim Oreshkin called China is a key Russian partner. By data Deputy Prime Minister Dmitry Chernyshenko, settlements between Russia and China in national currencies amount to almost 92%. Prime Minister Mikhail Mishustin met with Chinese President Xi Jinping in December statedthat cooperation between Russia and China has overcome difficult challenges.

About the relations between the two countries – in the material “Kommersant” “Product turnaround”.

Laura Keffer