Home » World News » China-Russia trade turnover fell by 6% to $49.1 billion in 1st half of 2020 - Customs Data
 
SPEED NEWS

China-Russia trade turnover fell by 6% to $49.1 billion in 1st half of 2020 - Customs Data

News Agencies | Updated on: 14 July 2020, 13:57 IST

Trade flow between China and Russia in the first quarter of 2020 came in at $49.1 billion, a 6 percent drop from the same period last year, according to statistics from China's General Administration of Customs (GACC).

According to the GACC's spreadsheet, China's exports to Russia fell by 6 percent year on year between January and June, totaling just $20.94 billion, while Russia's exports dropped by 5.9 percent to $37.6 billion.


Trade turnover between the two countries reached $8.19 billion in June alone, with China delivering $3.98 billion worth of products to Russia, and the latter sending $4.2 billion worth of exports to China.

At the end of 2019, trade between Russia and China grew by 3.4 percent and amounted to a record $110.75 billion. 

-ANI

Also Read: China's central bank injects 30 billion yuan into market

First published: 14 July 2020, 13:57 IST