Latest News:  
Beijing   Cloudy/Overcast    27 / 20 ℃  City Forecast

English>>China Business

China becomes Russia's top trade partner


08:05, September 26, 2012

MOSCOW - China was Russia's top trade partner in the first seven months of 2012, with bilateral trade volume reaching $49.8 billion, the Russian Federal Customs Service said on Tuesday.

Bilateral trade between the two countries increased 10.9 percent year on year, the agency said in its regular report.

Russia and China have set a goal of lifting bilateral trade to 100 billion dollars by 2015 and 200 billion by 2020.

China was followed by the Netherlands, whose trade volume with Russia during the period increased 31.1 percent to $49.3 billion, and Germany, also at 49.3 billion dollars, the agency said.

Also among the top 10 trade partners of Russia were Italy, Turkey, Japan, the United States, Poland, France and the Republic of Korea.

According to the report, the European Union (EU) has played an important role in Russia's foreign trade, as 49 percent of Russia' s trade turnover in the January-July period was with EU countries.

In all, Russia's foreign trade volume increased 5 percent to $475.5 billion in the first seven months this year, with a trade surplus of 128.8 billion.

News we recommend:
China, US battle over auto parts New Silk Road future of trans-Eurasian freight Islands 'purchase' hurts major industry sectors
Global mobile brands find lines busy in China Tough times in the bicycle rental business Gearing up for knowledge economy
Grape expectations from Argentina  New hurdle for Japan's carmakers Secrets of a successful PE firm


Leave your comment0 comments

  1. Name


Selections for you

  1. Weapons in PLA videogame Glorious Mission

  2. Mad mud carnival in Turkey

  3. Crackdown uncovers market malpractice

  4. Athletic stars' wedding

  5. Retired swimmer Zhou Yafei's wedding photos

  6. Take the iPhone 5 apart

Most Popular


  1. Aircraft carrier brings timely morale boost
  2. Palestine faces difficulties amid Arab upheaval
  3. Theft of Diaoyu Islands risks China-Japan trade ties
  4. Japan defies post-war int'l order, China's goodwill
  5. Tokyo's stance on Diaoyu Islands 'unacceptable'
  6. Supervision shields officials from graft
  7. Microsoft wisely teams with Beijing to fight piracy
  8. Japan needs examination of wartime aggression
  9. Is Chinese economy sliding into dangerous position?
  10. Naval expert: Aircraft carrier will play a major role

What's happening in China

First police sports games held in Jilin

  1. New generation of workers demands more respect
  2. Breast cancer mortality rate rising in China
  3. Suspect sought in college killings caught by police
  4. Xi'an police pressure rioters to surrender
  5. Gold moon cakes not about the glitter

China Features

  1. How to pan for gold in cultural investment fever
  2. How are elegant Miss Etiquettes 'produced'?
  3. Co-production helps Chinese films go global
  4. Caution: Traps behind credit card use
  5. A visit to world's oldest Buddhist pagoda

PD Online Data

  1. Ministry of Water Resources
  2. Ministry of Railways
  3. People's Bank of China
  4. Ministry of Health
  5. Ministry of Culture