For the first time in 12 years Russia’s export to China exceeded its import by $3.9 bn. In 2018 the bilateral trade turnover increased by 25% and reached $108 bn.
Russia’s export amounted to $56.1 bn and went up by 44%, while Russia’s import rose by 8%, RBK noted with the reference to the Federal Custom Service.
Russia’s major export goods to China were petroleum and oil products.
China exported to Russia mainly technical devices, namely mobile phones and computers.
The ministries of agriculture of Iran, Russia and Kazakhstan have concluded a trilateral memorandum of understanding on the issue of wheat trade.
Trade turnover between Russia and Germany increased 8.4% and reached nearly ˆ62 billion ($70 billion) in 2018 compared to previous year.
In 2018 Russia’s meat export amounted to 288.5 thous. t, it is a 21% increase compared to 2017.
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