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
Are there living microbes on Mars? Check the ice
Unexpected discovery on Saturn's moon challenges our view on chemistry before life emerged
Planet formation depends on when it happens: UNLV model shows why

24/7 Energy News Coverage
Helping farmers, boosting biofuels
'Battlefield' video game sees big-time sales
China urges 'equal dialogue' with US as Apple's Cook visits

Military Space News, Nuclear Weapons, Missile Defense
Trump says to meet Putin in Budapest after 'great' call
'Wonder weapon'? Five things about US Tomahawks coveted by Ukraine
EU says drone defences not 'optional' in push to face Russia

24/7 News Coverage
Large fluctuations in sea level occurred throughout the last ice age
Fatal bear attacks in Japan hit record number
Indonesia growth push sparks fight on deforestation, rights



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.