China’s export and import growth with Russia quickens in September. China’s customs statistics indicated on Friday that its exports and imports to Russia increased more quickly in September than in August, as it pushed for closer commercial links with its neighbor despite opposition from the West.
According to calculations by Reuters based on customs data, Chinese exports to Russia increased 21% to $9.6 billion in September from a year earlier, accelerating from a 16% surge in August.
After increasing 3% in August, imports from Russia increased by 8% to $11.53 billion last month.
According to data from the Chinese General Administration of Customs, bilateral trade value increased to $21.18 billion in September, the highest level since February 2022, when Russia started the conflict in Ukraine.
Due to Western sanctions, Russia has turned to China for economic help, profiting from Chinese demand for oil, gas, and grain.
According to China’s Commerce Minister Wang Wentao, following the “strategic guidance” of their two presidents, economic and commercial ties between the two countries have grown and become more “solid” in recent months.
Chinese customs recently announced that China had opened the door for the entry of pork from regions of Russia free of African swine disease.
Next week, President Vladimir Putin will go overseas for the first time to attend China’s Belt and Road Forum.
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