Home Brics TV Exclusive China-Russia trade turnover to reach record high in 2024

China-Russia trade turnover to reach record high in 2024

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The volume of trade between Russia and China in 2024 reached $244.8 billion. This is confirmed by the data of the General Administration of Customs of the People’s Republic of China, reports
People’s Daily, a partner of TV BRICS.


Russian exports amounted to US$129.3 billion, while supplies from China totalled US$115.5 billion. Thus, the bilateral trade turnover has reached a new historical record.


The agency specified that in December 2024, the trade turnover of the two countries amounted to US$21.9 billion. Russia imported US$10.6 billion worth of goods to China, while imports from China to Russia amounted to US$11.3 billion.


The bulk of Russian products imported by China are energy carriers: oil, natural gas, and coal. In addition, the country imports copper, timber, and seafood. China supplies Russia with cars, tractors, electronics, industrial equipment, and other goods.

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