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How to assess the 2015 trade cooperation between Russia and China

  • Author:Dreamy F
  • Source:www.china-disposable.com
  • Release on :2016-04-29
According to Chinese Customs statistics, in 2015 China's import and export 422.73 billion yuan to Russia, down 27.8% over the previous year, accounting for 1.7% of total imports and exports of the same period.Among them, exports to Russia 216.23 billion yuan, down 34.4%; imports from Russia 206.5 billion yuan, down 19.1%.

China-Russia trade volume decline in both the overall world economic downturn, the overall weak demand environment impact, there are also bilateral trade structure is a single deep-seated reasons,On the one hand, China's crude oil imports from Russia, refined oil, timber, coal and other commodities,Since last year the international market of crude oil and other commodity prices fell sharply, dragged me imports from Russia.Crude oil, for example, by 2015, China imported 42.43 million tons from Russia, an increase of 28.2%.Russia is our second largest source of imported crude oil, but because of the import of crude oil prices fell 45.5% over the same period, the import value of 107.05 billion yuan, dropped 30.1%, accounting for 52% of the year's total imports from Russia.On the other hand, China's economy is facing downward pressure on industrial restructuring, weakened demand for commodities.By the impact of falling prices, Russia's oil and gas export revenues decreased, decreased demand for our exports, but also weakened the two sides to expand trade endogenous power to some extent.

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