Market updates and forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Trade turnover between Russia and China increased by 4.7% in January-April


May, 09 2024
watermark Economic news

The trade turnover between Russia and China increased by 4.7% in January-April this year, according to the data of the General Customs  Administration of China. The total volume of trade turnover for the specified period amounted to $76.58 billion.


Imports of goods from Russia to China increased by 10.2% in the first four months of this year, reaching $43.85 billion. While China's exports to Russia decreased by 1.9%, amounting to $32.73 billion.  


Earlier in March, it was reported that China's exports to Russia had decreased by 16% this month, which was associated with the growing threat of sanctions from the United States. In early March, the State Technical University of China noted that in January-February, trade turnover with Russia increased by 9.3%, reaching $37.01 billion.


In general, in 2023, the trade turnover between the two countries increased by 26.3%, reaching a record $240.11 billion. In the first quarter of 2024, trade turnover amounted to $56.68 billion, which is 5.2% more than in the same period of the previous year. China imported goods from Russia worth $24.428 billion (+2.6%), while Russia exported goods to China worth $32.254 billion (+7.3%).


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.