MOSCOW: The Russian,Chinese trade turnover grew 6.8% to $95.28 billion in 2014, the Chinese customs department reported on Tuesday. As compared to the previous year, imports of Russian goods to China increased 4.9% to $41.6 billion, and Chinese exports to Russia grew 8.2% to $53.68 billion.
Despite the weakening ruble, the positive trend of Russian-Chinese trade development continued last year, Zong Liang, deputy director of the financial studies institute of Bank of China, has said.
At the same time he expressed concern over the continuing ruble decline. The situation is not easy. Ruble stabilization will contribute to strengthening cooperation between Russia and the other countries of BRICS (Brazil, Russia, India, China and South Africa), he said.
In December, Russian-Chine trade amounted to $8.57 billion, 5.4% higher than in December of the previous year. China exported $4.89 billion worth of goods to Russia and had $3.67 billion worth of imports from Russia.
The Chinese Economic Development Ministry said China was the first among Russia’s trade partners and Russia was the ninth among China’s partners.
