The volume of trade exchange between Russia and China in the first quarter of 2023 increased by 38.7% and amounted to $53.845 billion, according to data from China’s Main Customs Administration.
In the period covered by the data, China exported goods to Russia worth $24.073 billion, an increase of 47.1% compared to the same period in 2022, while imports from Russia increased by 32.6%, reaching $29.772 billion.
Separately, last March, the level of trade between the two countries reached $20.064 billion, as Russia exported $11.02 billion worth of goods and goods to China, while it imported $9.044 billion worth of goods and goods from this country.
At the end of 2022, trade between the two countries increased by 29.3% and reached a record level of $190.271 billion.
Russian President Vladimir Putin and Chinese President Xi Jinping previously set a goal of doubling trade between the two countries from 100 billion annually to 200 billion by 2024.
After the two leaders’ summit in Beijing on February 4, 2022, Kremlin spokesman Dmitry Peskov said the Chinese president has set a new goal to increase trade volume to $250 billion annually.
This article was originally published by RT.