OREANDA-NEWS The trade turnover between China and Russia has increased by 2.8% in the first ten months of 2024, compared to the same period last year. According to data released by the General Customs Administration of the People's Republic of China, the total value of trade reached $202.211 billion.

During this period, China imported $94.142 billion in goods from Russia, an increase of 4.7%, compared to the previous year. Shipments from Russia to China also increased by 1.1% to $108.069 billion.

In October alone, the trade between the two countries was valued at $21.795 billion. Russia imported $10.790 billion in goods and China imported $11.004 billion in October.

The trade turnover between China and Russia increased by 26.3% in 2023, reaching a record high of 240.11 billion dollars. This represents an increase of 140.09 billion dollars compared to the previous year. The leaders of both countries had previously set a target of doubling the trade volume, aiming for it to reach $200 billion annually by 2024. This milestone was achieved in November 2023, surpassing the previous target of $100 billion set for 2018.