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People's Daily Online>>Foreign Affairs

China becomes Russia's top trade partner in first two months of 2012

(Xinhua)

09:45, April 07, 2012

MOSCOW, April 6 (Xinhua) -- China has become Russia's top trade partner in the first two months of 2012, according to a report released by the Russian Federal Customs Service on Friday.

According to the report, in the first two months of this year, China-Russia trade turnover rose 21.1 percent year-on-year, reaching 13.3 billion U.S. dollars.

The report also showed that Russia posted a trade surplus of 42. 5 billion dollars for the first two months of 2012, a 26.9-percent year-on-year increase.

Recent years have witnessed a rapid growth of Sino-Russian trade volume. China became the largest trade partner of Russia, overtaking Germany, in 2010 for the first time.

In 2011, bilateral trade reached a record high of 80 billion dollars.

The two countries have set a goal of lifting bilateral trade to 100 billion dollars by 2015 and to 200 billion by 2020.

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