China Customs data released on Tuesday showed Chinese exports to Russia jumped 153.1% in April to $9.6 billion, continuing their rapid upward trajectory from March, when exports rose by 136.4% after registering a growth of 19.8% in the first two months of the year.
Imports from Russia rose just 8.06% to $9.6 billion, after rising 30.3% in January and February and 40.05% in March.
China’s imports contracted sharply in April, adding to signs of weak domestic demand despite the lifting of COVID-related restrictions, with coal imports falling from a 15-month high recorded the previous month. Russia became China’s second largest coal supplier earlier this year.
Overall, Chinese exports rose 8.5 percent last month from a year earlier to $295.42 billion, compared with a 14.8 percent increase in March.
On the other hand, China’s imports fell 7.9% year on year in April to $205.21 billion, registering a bigger decline than that achieved in March this year by 1.4%, and it is higher than expectations which indicated a drop of 5%. .
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