China-Russia Trade Down 3.2% to $68.6Bln in January-August

BEIJING (Sputnik) - Trade between China and Russia totalled a $68.6 billion in the first eight months of 2020, marking a 3.2 percent decrease year-on-year, the Chinese General Administration of Customs said on Monday. According to the freshly-published data, Chinese exports to Russia from January to August decreased 0.8 percent compared to the same period last year, totalling $31 billion, while imports from Russia to China decreased 5.2 percent year-on-year to total $37.5 billion. In August alone, China imported $4.5 billion worth of Russian goods and exported $5.2 billion worth of its own goods to Russia, the data shows.China's trade with the United States also decreased in the January-August period, continuing the downward trend that has persisted since the two countries engaged in a brutal economic confrontation, which is often referred to as trade war. In the given period, Chinese exports to the US decreased 3.6 percent year-on-year, totalling $266 billion, while US imports in China decreased 2.9 percent to a total of $78.2 billion. The month of August accounted for $55.3 billion of bilateral trade, with China's exports to the US totalling $44.7 billion and US exports to China totalling $10.5 billion. Read more: https://sputniknews.com/business/202009071080385883-china-russia-trade-down-32-to-686bln-in-january-august/