China's 2022 Trade with Russia Hit Record $190 Bln

China's trade with Russia hit a record 1.28 trillion yuan ($190 billion) last year, the government said, even as Russia's imports from the European Union fell on sanctions related to Moscow's invasion of Ukraine.

China's 2022 exports to and imports from Russia accounted for 3% of China's total trade, Lyu Daliang, spokesperson of the General Administration of Customs, told a news briefing.

Shipments of Chinese goods to Russia have grown for six months in a row.

Russia more than doubled its rail exports of liquefied petroleum gas to China in 2022 as part of the Kremlin's drive to diversify its energy export sales, a Reuters analysis based on data from industry sources showed.

China's imports of Russian natural gas through the Power of Siberia pipeline are set to have risen by at least 50% in 2022, according to Russia's top producer, Gazprom. China's Russian crude oil imports expanded 10% on year in the first 11 months at nearly 80 million tonnes.

Reuters

Source: Reuters