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Zhejiang-Russia Trade Up 6.5% in Jan.-July 2012

Author:Hangzhou Customs of China

Release Time:12/05/2012

Price: $58 $29

Attention Rcvd:

According to the statistics by Hangzhou Customs, from January to July 2012, Zhejiang province trade with Russia totaled USD 5.29 billion, up 6.5% year-on-year, 4.5 percentage points faster than Zhejiang's overall foreign trade; therein, exports to Russia reached USD 4.33 billion, up 11% year-on-year, 7.6 percentage points faster than Zhejiang's overall export; imports from Russia USD 960 million, down 9.9% year-on-year, 8.6 percentage points slower than its overall import; the province trade surplus increased to USD 3.37 billion from USD 2.83 billion of 2011.

1. Main causes of Zhejiang-Russia exports up & imports down:

Recently, the slowed-down China economy decreased Chinese demands for energy and raw material imports, with large drop of energy and raw material prices in international markets, leading to the obvious decline of Zhejiang's imports from Russia.

2. Notable Matters:

(1). The trade barriers from Russia slightly increase, not beneficial for bilateral trade.
(To be Continued)......Totally 12 Pages in This Report
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