China's exports to Russia grow for the first time in five months in July

Found any forum bugs? Please let us know!
Post Reply
User avatar
geemong
Posts: 37
Joined: Mon May 16, 2022 10:03 am

China's exports to Russia grow for the first time in five months in July

Post by geemong »

China's exports to Russia grow for the first time in five months in July


Image


Chinese exports to Russia snapped four months of declines and grew robustly in July, while Russian shipments to China also held up well, official customs data showed.

SLOT ONLINE You'll need more patience because this is a game that results in slow betting, but try it.

Shipments to sanctions-hit Russia rose 22.2 per cent in July from a year earlier in dollar terms, shaking off the decline of 17 per cent in June and marking the first growth since March, according to Reuters calculations based on customs data released on Sunday (Aug 7).

Imports growth from Russia sustained an elevated pace at 49.3 per cent in July, though slower than a 56 per cent gain in June and a 79.6 per cent rise in May.

Russia is a major source of oil, gas, coal and agricultural commodities for China.

Amid the ongoing Ukraine war, Russia was China's biggest oil supplier in May and June as Chinese buyers cashed in on lower-priced supplies.

However, oil supplies loaded from the Russian ports to the China dropped to 21.3 million barrels in July, the lowest since February.

Russia invaded Ukraine on Feb 24, an intervention Moscow describes as a "special military operation".

Post Reply

Return to “Forum Bugs”