Trade between Russia and China has grown rapidly as the leaders of both countries have committed to advancing bilateral economic cooperation. The two countries are reducing the use of US dollar in bilateral trade in favor of their own currencies, calling attention to the importance of their economic relationship.
Bilateral trade volume between the two countries, which amounted to $15.8 billion in 2003, has increased more than 6 times over the last 10 years, reaching $95.3 billion in 2014.
According to forecasts, bilateral commerce could grow up to $100 billion in 2015 and if the two countries continue to nurture the right conditions for trade investment growth, it is likely to reach $200 billion by 2020. The total trading value between China & Russia has grown 17.8 % p.a. in the past 11 years.
Source: General Administration of Customs of People’s Republic of China