UPDATE - China-Russia Trade Up 27.8% Year-on-Year To $97.23Bln In January-November - Customs

UPDATE - China-Russia Trade Up 27.8% Year-on-Year to $97.23Bln in January-November - Customs

BEIJING (UrduPoint News / Sputnik - 08th December, 2018) China-Russia trade increased by 27.8 percent year-on-year to $97.23 billion in January-November 2018, remaining on track to top $100 billion this year, Chinese General Administration of Customs data showed on Saturday.

Chinese exports to Russia during the reporting period increased by 12 percent to $43.45 billion, and imports from Russia surged by 44.3 percent to $53.78 billion.

In November, trade between the two countries amounted to $9.9 billion. China exported goods worth $4.1 billion from Russia, and worth of its imports from Russia amounted to $5.8 billion.

China has been one of Russia's major trade partners for years. In 2017, trade between the two countries grew by 20.8 percent year-on-year to $84 billion.

China's foreign trade growth decelerated sharply in November from October, the data showed.

The country's total exports grew 5.

4 percent year-on-year to $227.4 billion, while imports were up 3 percent to $182.6 billion in November. In October, exports grew 15.6 percent, while imports surged 21.4 percent year-on-year.

China's total foreign trade in November grew by 4.3 percent to $410 billion, trade surplus was $44.7 billion.

In the first eleven months this year, China's exports grew by 11.8 percent year-on-year to $2.27 trillion, and imports were up 18.4 percent to $1.97 trillion. China's total foreign trade for the period increased by 14.8 percent to $4.24 trillion, topping the last year's result.

According to official data, China's exports in 2017 grew by 7.9 percent year-on-year to $2.26 trillion, imports increased by 15.9 percent to $1.84 trillion, total trade was up 11.4 percent to $4.1 trillion. In 2016, the country's exports decreased by 7.7 percent year-on-year, while imports fell 5.5 percent.

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