China-Russia Trade Up 11% to $88 Bln in 2012

China-Russia trade grew 11.2 percent in 2012 from the previous year to $88.16 billion, the Chinese General Customs Administration reported on Thursday.

Trade with the European Union, China’s largest trading partner, declined by 3.7 percent last year to $546.04 billion while trade with the United States, China’s second-largest trading partner, grew by 8.5 percent to $484.68 billion.

China’s trade with the Association of Southeast Asian Nations (ASEAN) grew by 10.2 percent to $400.09 billion.

Japan ranked only fifth in trade with China in 2012, ceding its fourth place to Hong Kong. China-Japan trade fell 3.9 percent to $329.45 billion.

China’s foreign trade increased by 6.2 percent in 2012 to $3.87 trillion, with exports growing by 7.9 percent to $2.05 trillion and imports rising 4.3 percent to $1.82 trillion.

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