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Russia-EU trade turnover up 28% in first 7 months

Russia-EU trade turnover up 28% in first 7 months

MOSCOW: The trade turnover between Russia and the European Union (EU) rose by 28.7 percent year-on-year in the first seven months, the Russian Federal Customs Service said in a statement Wednesday. According to the statement, the EU-Russia trade turnover reached 117.8 billion U.S. dollars in this period. Russia’s exports to the EU reached 79.4 billion dollars, an increase of 31.2 percent, while the EU’s exports to Russia totaled over 38.3 billion dollars, an increase of 23.7 percent, the statement said.

Besides, the statistics showed that the U.S.-Russia trade turnover between January and June amounted to some 10.7 billion dollars, an increase of 22.1 percent compared with the same period of last year. Exports from Russia to the United States amounted to 4.8 billion dollars, up 21.7 percent, while exports from the United States to Russia totaled 5.8 billion dollars, up 22.4 percent. Meanwhile, the trade turnover between Russia and China in the first six months this year totaled 38.3 billion dollars, a growth of 35.4 percent. Exports from Russia to China rose by 39.5 percent to 18.1 billion dollars, while exports from China to Russia reached 20.1 billion dollars, an increase of 31.9 percent, the statement said.