China’s bilateral trade between China and Russia rose in June to the highest level since the start of the Ukraine war, data from China’s General Customs Administration showed today, at a time when the two neighbors said their relations had reached a new high.
According to the data, the value of bilateral trade rose to $20.83 billion in June to hit its highest level since February 2022, despite slowing global demand and rising geopolitical risks.
China’s imports from Russia increased 15.7 per cent to $11.28 billion compared with a 10 per cent increase in May. China buys oil, coal and some minerals from Russia at reduced prices.
Shipments to Russia rose 90.9 per cent last month to $9.55 billion overall, down from 114 per cent in May.
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