China is boosting exports to Russia, which have grown by 25% year-on-year as of August, to reach $8 bln. It is the second month that China’s exports have been on the rise, RBC reports citing the Chinese General Administration of Customs.
Earlier, China exported a similar amount of products to Russia in December 2021.
China’s exports to Russia are growing faster compared to other importers that are receiving only 7% more products from China year-on-year.
There is no specific information on what goods China supplied to Russia in August but in July, equipment, mechanical devices, electric cars and electric equipment accounted for 36% of the Chinese exports. These include mobile phones, computers, servers and construction equipment such as bulldozers, excavators and road rollers.
As we earlier reported, China plans to boost exports of cars, car parts, electronics and light industry products to Russia. According to President of the Union of Chinese Entrepreneurs in Russia Zhou Liqun, the Russian market accounts for around 20% of Chinese car exports.