China increased exports to Russia to a record level

China increased exports to Russia to a record level

China’s exports to Russia reached a record in April, jumping by 153% compared to last year — to $9.6 billion, according to Bloomberg.

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Trade growth

It is noted that after the recession after the invasion of the Russian Federation in Ukraine, trade increased sharply.

The total volume of Russian-Chinese trade reached the second highest level in history — about $19 billion, which is slightly less than the March peak.

Most of all, almost 20% of Chinese exports are transport equipment. This category, in particular, includes cars and spare parts for them.

Read: Exports of Russian oil to China reached a record since 2020 — Bloomberg

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Source: Ministry of Finance

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