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China becomes Russia's 2nd largest trade partner in H1

(Xinhua)

07:59, August 10, 2012

MOSCOW, Aug. 9 (Xinhua) -- China became Russia's second largest trade partner in the first half of 2012, the Federal Customs Service (FTS) said Thursday.

According to an agency report, Russia's trade with China amounted to 42.1 billion U.S. dollars, or 12.1 percent of its total foreign trade, compared with 42.6 billion dollars registered in trade with the Netherlands, its first largest trade partner.

The country's other top trade partners include Italy, Turkey, the United States, Japan, Poland and France.

Russia's total foreign trade in the first six months jumped 5.9 percent year-on-year to to 406.8 billion dollars. Its trade surplus grew by 12 percent from a year earlier, the report showed.

In June, Russia's trade representative in China Sergey Tsyplakov predicted that trade between the two giants this year will total 90 billion dollars, nearing the 100-billion target for 2015 set during Russian President Vladimir Putin's early June visit to China.

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