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Thursday, January 10, 2019, 19:23
China-Russia trade volume tops US$100b
By Xinhua
Thursday, January 10, 2019, 19:23 By Xinhua

This Aug 8, 2016 photo shows a truck transferring containers at Qingdao port in Qingdao, east China's Shandong province. (YU FANGPING / XINHUA)

BEIJING - Trade volume between China and Russia exceeded US$100 billion by mid-December 2018, a record high, the Ministry of Commerce (MOC) announced Thursday.

China remains Russia's largest trade partner, while Russia is China's tenth largest trade partner

Sino-Russia trade growth outpaced those between China and its other major trade partners, according to MOC spokesperson Gao Feng, calling 2018 a "genuinely fruitful year" for bilateral economic and trade cooperation.

READ MORE: China-Russia ties enter new phase

China remains Russia's largest trade partner, while Russia is China's tenth largest trade partner.

Bilateral trade structure also improved in 2018. Trade in mechanical and electrical products, high-tech products and agricultural produce rose 15 percent, 29 percent and 31 percent respectively in the first 11 months of 2018.

The two countries also partnered on energy, nuclear, aerospace, cross-border infrastructure and other fields.

ALSO READ: China, Russia agree to advance subnational cooperation

China is willing to work with Russia to lift bilateral economic and trade ties to a new phase on a larger scale with deeper dimension and higher levels, as 2019 marks the 70th anniversary of the establishment of diplomatic relations between the two countries, Gao said.


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