Non-commodity non-energy exports between Russia and China grow by 13% in 2020
2021-06-29 03:23

Non-commodity non-energy exports between Russia and China grow by 13% in 2020

Non-commodity non-energy exports between Russia and China grew by 13% in 2020 to more than $16 billion, the Russian Export Center (REC) said.

"In 2020, China-Russia trade and economic cooperation successfully passed the pandemic test. Despite a 6.7% decrease in trade turnover in 2020 compared to 2019, the total volume has exceeded the US$100 billion mark for three consecutive years. Energy products are the most sought-after goods from Russia in China, while there has been a growth in non-energy non-resource exports - in 2020, its volume was $16.3 billion, a plus of 13% over 2019," REC quotes Roseximbank Board Chairman Azer Talybov from the round table "Trade in the era of self-isolation: China's XIV five-year plan and its implications for Russian exports."

According to him, exports of agro-industrial products to China are currently growing significantly. Thus, the export of beef has grown 4.5 times, shipments of rapeseed, poultry, sunflower oil and sweets have doubled.

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Author: Karina Kamalova