Support The Moscow Times!

Russian-Chinese Trade Plummets in 2015

The volume of Chinese exports to Russia fell by 34.4 percent last year to $32.9 billion, the TASS news agency reported Wednesday, citing China’s customs department.

Trade turnover between China and Russia dropped by 27.8 percent to $64.2 billion in 2015. The volume of Russia's exports to China declined last year by 19.1 percent to $31.4 billion, according to Huang Songping, a spokesman for the Chinese customs department.

“Last year was relatively challenging and difficult for international trade. We think this year is going to be the same in some ways,” Huang Songping was quoted by the news agency as saying.

The future of Russian-Chinese trade will depend on the economic environment in the two countries and on the situation in the world in general, he said, according to TASS.

Russia started to expand economic cooperation with China after trade and investment between Russia and the West dropped sharply after sanctions were imposed on Russia by the U.S. and the EU over the country's involvement in the Ukraine conflict.

In 2014, trade turnover between Russia and China increased by 6.8 percent to $95 billion, according to TASS.

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more