Russian export to China to exceed $50 bln in 2018

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SHANGHAI, November 6. /TASS/. Russia’s export to China is on track to reach $50-54 bln in 2018, head of the Russian Export Center (REC) Andrey Slepnev said on Monday.

“Russian exports to China amounted to around $26 bln in the first half of the year, a 43% increase compared with the same period last year. That means it will be over $50 bln, $50-54 bln (by the yearend),” he said.

Overall, the Russian-Chinese mutual trade may reach around $100 bln in 2018, Slepnev said, adding that the result might double in coming years.

“We see ties expanding on traditional goods, such as timber, metals, chemistry and the like, agricultural trade has risen 1.5-fold since the beginning of the year. Green cosmetics and children’s goods are becoming increasingly popular. A big number of energy and high-tech projects are implemented. There are agreements regarding a joint project on heavy helicopters, cooperation is developing in space and energy fields,” he said.

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