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Russia-China trade tops $88 bn
January 10, 2013, 9:48 am

Russia Prime Minister Vladimir Putin (L) and China's Premier Wen Jiabao . [Getty Images]

Russia Prime Minister Vladimir Putin (L) and China’s Premier Wen Jiabao. [Getty Images]

China-Russia trade grew 11.2 per cent in 2012 from the previous year to $88.16 billion, the Chinese General Customs Administration has reported.

China is now Russia’s largest trading partner.

Trade with the European Union, China’s largest trading partner, declined by 3.7 per cent last year to $546.04 billion while trade with the US, China’s second-largest trading partner, grew by 8.5 per cent to $484.68 billion.

Trade between China and the Association of Southeast Asian Nations (ASEAN) grew by 10.2 per cent to $400.09 billion.

Japan ranked only fifth in trade with China in 2012, ceding its fourth place to Hong Kong.

China-Japan trade fell 3.9 per cent to $329.45 billion.

The country’s foreign trade increased by 6.2 per cent in 2012 to $3.87 trillion, with exports growing by 7.9 per cent to $2.05 trillion and imports rising 4.3 per cent to $1.82 trillion.

Source: Agencies



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