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| Vladivostok Novosti Company |
November 28, 2007Trade turnover between Russia, northern China jumps 70%Russia has seen a boosted $9.5 billion trade turnover with China’s northeastern Heilongjiang Province in the first ten months of this year, news reports said.
In comparison to the same period last year, the turnover has shown an increase of 70 percent, a press statement from the Far Eastern Customs Department said. Of the total turnover from January through October, the province’s imports to Russia have accounted for over 7 billion dollars, while Russian exports to China have been worth only $2 billion. Russia’s exports have consisted mostly of timber, wood materials, scrap metal and ferrous materials, while China mostly exported consumer goods, the statement said, referring to this tendency negatively. Meanwhile, according to Xinhua news agency, Heilongjiang Province’s total foreign turnover for the period from January through October amounted to $14.8 billion, a 37 percent increase over the same period last year. Heilongjiang’s major imports for the period have been timber, crude oil, machinery and electronics products, which made up over 60 percent of the province’s foreign turnover. The volume of timber and crude oil imports to the province accounted for $890 and $860 million respectively, or 20.9 and 20.1 percent of all volume imports for the period, while imports of electronics and machinery cumulatively reached $960 million, or 22.4 percent of all imports to the province, the agency said.
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