General Administration of Customs: Sino-Russian trade

According to customs statistics, China and Russia in September trade 4.07 billion U.S. dollars, down 25.8%, growth of 19.9%. Among this, exports 1.77 billion, down 45.6%; imports of 2.3 billion U.S. dollars, an increase of 3.2%, growth of 18.5%.
General Administration of Customs Statistics Division ZHENG Yue-sheng says, suggesting that the Sino-Russian trade to settle down near the end of the Sino-Russian trade in the next period of growth is gaining momentum.
In 2009 the first 3 quarters of the international financial crisis, the Sino-Russian bilateral trade has declined markedly. Russia's total imports and exports of China's 28.04 billion U.S. dollars, down 34.9% compared with same period last year. Among them, Russia exported 12.01 billion U.S. dollars, down 48.9%; 16.03 billion U.S. dollars of imports from Russia, down 17.9%. The first 3 quarters I accumulated trade deficit of 4.02 billion U.S. dollars to Russia.
In the Sino-Russian trade, general trade accounts for half of bilateral trade. Customs statistics show that in the first three quarters of Russia's imports and exports in general trade for my first big trade patterns, accumulated imports and exports 17.76 billion U.S. dollars, down 33.5%, accounting for the same period I was 63.3% of total imports and exports to Russia. Among this, exports 7.26 billion U.S. dollars, down 49.2%; imports 10.5 billion U.S. dollars, down 15.3%. Over the same period, China's approach to Russia border trade import and export of 3.97 billion U.S. dollars, down 40.8%, of which exports 1.64 billion U.S. dollars, down 37%; imported 2.33 billion U.S. dollars, down 43.3%.
In addition, in the first three quarters, China's main exports to Russia have decreased substantially. Among them, mechanical and electrical products exported 4.85 billion U.S. dollars, down 57.1%. The major traditional labor-intensive exports are a substantial decline in the previous three quarters, I have clothing and accessories exports to Russia 2.01 billion U.S. dollars, down 43.2%; exports of footwear one billion U.S. dollars, down 21.3%; exports of textile yarn, fabrics and related products 680 million U.S. dollars, down 41%. In addition, the export of plastic products 160 million U.S. dollars, down 35.1%; steel exports 200 million U.S. dollars, down 75.6%.
ZHENG Yue-sheng says that the financial crisis hurt Russia's real economy, resulting in decline in spending power of its nationals, affecting China's exports. Russian Bureau of Statistics released figures show that the second quarter of this year, Russia's GDP fell by 10.9%, a decline of more than 9.8% in the first quarter, retail turnover in Russia in the second quarter fell 5.6%, Russia's economic downturn, residents of disposable The corresponding revenue has shrunk, falling spending power that led me to the main reason for shrinking exports to Russia. At the same time, China's economy stabilized recovery to promote imports from Russia to pick up, especially the growth of Russia's machinery and electronic products exports to China, the trade structure improving. In addition, the Sino-Russian customs cooperation will effectively promote the healthy development of Sino-Russian trade.
China and Russia are each other's largest neighbor, with the adjacent geography, and bilateral trade are highly complementary, many areas of economic cooperation and broad prospects. In particular, into the 21st century, the scale of bilateral trade by 27.8% average annual growth rate of climbing.
According to Customs statistics, bilateral trade between the two countries in 2001 break through 10 billion U.S. dollars in 2004, breaking 20 billion U.S. dollars, by 2008 even broke through 50 billion U.S. dollars, reaching 56.83 billion U.S. dollars, up 18%, a record high. At the same time, the size of its imports and exports accounting for 2.2% of China's total foreign trade, China ranked the 8th largest trading partner.

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