China-Russia Trade in First Nine Months of 2023 Up 29.5% to $176.4 Bln: Chinese Customs

09:35, 13 October 2023

CC BY 4.0 / Russia's Ministry of Defense /

BEIJING (Sputnik) - In February 2022, Chinese President Xi Jinping unveiled a new target to raise trade turnover between Russia and China by an annual $250Bln. This June, Russian Foreign Minister Sergey Lavrov explained that this bilateral trade and economic cooperation continues to expand, despite attempts by some countries to derail it.

Sputnik

China-Russia trade in January-September 2023 grew 29.5% to $176.4 billion, China's General Administration of Customs said.

During the reporting period, China supplied goods to Russia worth $81.4 billion, an increase of 56.9 percent on the same period in 2022; deliveries from Russia to China increased by 12.7% to $94.9 billion.

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Meanwhile, US-China trade in January-September 2023 decreased 14% year-on-year to $495.9 billion, China's General Administration of Customs said.

Chinese exports to the US in the reporting period shrunk 16.4% year on year to $372.2 billion; deliveries from the US to China dropped 6% to $123.7 billion.