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Russia-China Trade Down 30% in First Half of 2015

  • Its currency being worth less on the foreign exchange Russia is importing less goods
  • With the slump in oil prices its carbohydrate exports to China are less in dollar terms

BEIJING, July 13 (TASS) - Trade turnover between Russia and China in the first half of 2015 fell by almost a third - 30.2% - compared to the same period last year and amounted to $31.1 bln, according to the report of the General Administration of Customs of China published Monday.

According to the report, the volume of exports of Chinese goods to Russia in the first half of the year fell by 36.2% against the same period last year and amounted to $14.6 bln. The volume of imports of Russian goods to China also declined by 23.9% and amounted to $16.5 bln.

In June, the volume of trade turnover between Russia and China amounted to $6 bln, which is 20.9% lower than the same month last year. The volume of exports of Chinese goods in Russia for the period totaled $2.85 bln, down from last year's figures by 34.2%. Russian imports to China also showed a decline of 3.4% and amounted to $3.2 bln.


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