Space News from SpaceDaily.com
China saw record trade with Russia in 2024: customs data
ADVERTISEMENT


Beijing, Jan 13 (AFP) Jan 13, 2025
Trade between China and Russia reached a record high last year, official data showed Monday, reflecting strong economic ties between the countries despite Western sanctions on Moscow.

Combined imports and exports with Russia totalled $244.8 billion in 2024, according to figures published by China's General Administration of Customs, up slightly from $240.1 billion in 2023.

Last year's uptick brought trade between the large neighbouring countries to a historic high, though it represented much slower growth than the 26.3 percent year-on-year surge recorded the year before last.

Political and economic ties between Beijing and Moscow have deepened since Russia's invasion of Ukraine in early 2022, drawing extensive criticism from the United States and other Western nations, which have implemented tough sanctions in response.

China has sought to position itself as a neutral party in the crisis and has repeatedly declined to condemn Moscow's invasion.

Chinese President Xi Jinping recently told Russian counterpart Vladimir Putin in a New Year's message that the countries "have consistently moved forward hand-in-hand along the correct path of non-alignment".

Meanwhile, 2024 saw trade between China and the United States -- the world's top two economies -- rise 3.7 percent year-on-year to reach $688.3 billion, Chinese customs data showed.

US president-elect Donald Trump, who slapped sweeping tariffs on China in his first term, has threatened even more aggressive trade measures in his second stint in the White House, due to begin next week.


ADVERTISEMENT





Space News from SpaceDaily.com
UK opens competitive bid for GBP 75 million orbital cleanup mission
UK invests $191 mn in European satellite firm Eutelsat
Bearings Used in Space Technologies: Engineering for the Final Frontier

24/7 Energy News Coverage
Atomic 6 receives 2M Space Force award to advance next generation solar arrays
ESA and Neuraspace develop autonomous satellite navigation technologies
Planet secures 240 million euro satellite services contract with German government

Military Space News, Nuclear Weapons, Missile Defense
France says Australia defence ties repaired after submarine row
Trump: U.S. to send Patriot missiles to Ukraine, EU to pay bill
Ukraine, Russia trade blows in escalating spy war

24/7 News Coverage
Ancient zircon data reveals tectonic origin of Earth's first continental crust
Autonomous sub explores unexplored trench depths to reveal critical mineral clues
Europe launches first geostationary atmospheric sounder to boost extreme weather forecasts



All rights reserved. Copyright Agence France-Presse. Sections of the information displayed on this page (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence, you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the content of this section without the prior written consent of Agence France-Presse.