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Date: a week ago   Category: Finances

Export from Russia to China for the first time exceeded import


Russia sold goods for 56 billion dollars. And bought on 52 Photos: depositphotos.com Are that statistical results of last year. Commodity turnover between two countries for the first time exceeded 100 billion dollars. And it is considerable. Russia sold goods for 56 billion dollars. And bought on 52. And during the autumn visit to the People's Republic of China the prime minister Dmitry Medvedev said that the following purpose — commodity turnover in 200 billion. Theoretically it is a task real. But there is no confidence in its achievement as everything depends on how trade war between China and the USA will be ended, the asset manager of the International fund of private investments Alexander Dushkin considers. Alexander Dushkin the asset manager of the International fund of private investments "I think that the movement to this figure is very realistic as China is a producer practically of all consumer goods which are consumed by the world therefore all this is very realistic. In general, it would be possible to expect that this commodity turnover will accrue and increase because Russia can deliver to China much and food, grain, fish, meat, with which in China great difficulties, especially with organic food, and the sea of phobias on this subject. Russia could increase deliveries very strongly here, besides it is raw materials, oil, gasoline, copper and so on, but there is one problem. Perhaps, the agreement between China and the USA that China will buy more raw materials from the States. And depending on this agreement all this can affect very strongly as a result the volume of purchases of China at the whole world, including at Russia. Because there is a probability that we go to this turn of events. Passed more than a year of trade negotiations, and no progress is made in general between China and the USA. The States insist on the, China on the. This transaction is very important for the world, and it can be signed on such conditions that the whole world will remember it with horror". In the Russian export to China the lion's share — more than 41% — occupy oil and oil products. And the fact that for last year the price of the Russian oil grew by a third, and deliveries honor on a quarter, and became the main factor that the Russian foreign trade balance with China following the results of 2018 became positive. Besides, at the beginning of this month the Head customs office of the People's Republic of China published the list of the Russian poultry-farming companies which can deliver meat to China again. Beijing closed the market for the Russian fowl 14 years ago. Then the outbreaks of bird flu at the Russian enterprises became the reason. And negotiations on mutual opening of the markets went several years. In September of last year at East economic forum Vladimir Putin and Xi Jinping met. In November Russia and China signed the protocol on supply of meat and an offal of a bird in Beijing. According to opinion of experts, for several years Russia is capable to increase deliveries of a bird to China to several tens of thousands of tons per year. To add BFM.ru to your isto

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