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Trade between China, Russia down 34.9% in first nine months

(Xinhua)
Updated: 2009-10-20 09:30

Trade between China and Russia in the first three quarters topped $28.04 billion, down 34.9 percent from the same period last year, said a report from the General Administration of Customs of China Monday.

Chinese exports to Russia in the first nine months stood at $12.01 billion, down 48.9 percent year-on-year, and imports stood at $16.03 billion, down 17.9 percent year-on-year.

Trade between the two countries topped $4.07 billion in September, down 25.8 percent from the same period last year, but up 19.9 percent from August.

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Chinese exports last month stood at $1.77 billion, down 45.6 percent year-on-year, and imports stood at $2.3 billion, up 3.2 percent year-on-year.

"The month-on-month trade increase in September indicates trade between China and Russia has finished an adjustment period and is ready for recovery," said Zheng Yuesheng, director of the administration's Department of Statistics.

Trade between China and Russia topped $56.83 billion in 2008, up 18 percent from the previous year, according to the administration.
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