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All news / Sino-Russian trade decreases by 29 percent in 2015

  • 11 Nov 2015, 09:52

Bilateral trade touched $55.9 billion in first ten months of 2015

 

China shocked global markets by devaluing its currency. Source: Reuters

Bilateral trade touched $55.9 billion in first ten months of 2015. Source: Reuters

Sino-Russian bilateral trade in the first ten months of 2015 touched $55.9 billion, a fall of 29 percent from the same period a year ago.

From January to October 2015, China’s exports to Russia stood at $28.46 billion, a fall of 35.7 percent from a year ago, while Imports from Russia fell by 20.7 percent and stood at $27.45 billion.

The figures were released by China's Customs authorities on November 9.

Analysts attribute the fall to tough global economic conditions.