The trade turnover between Russian Federation and China grew 34% year-on-year in January 2017 to $ 6.5 bln, China Customs Administration reported on Friday.
China's manufacturing sector has expanded for the sixth month in a row, with the country's manufacturing Purchasing Managers' Index coming in at 51.3 in January, according to National Bureau of Statistics data.
Capital Economics China economist Julian Evans-Pritchard said while seasonal factors, including the impact of the Lunar New Year holiday, played a large part in the results, underlying demand appears to have strengthened.
Exports rose to $182.8 billion in January, Customs said, beating the 3.2 percent forecast in a Bloomberg News survey of economists and a reversal from December's 6.1 percent plunge. Meanwhile, imports grew 16.7 percent, as compared with December's rise of 3.1 percent and market projections of a growth of 10 percent.
China's overseas shipments rebounded on stronger global demand, putting the nation's external sector on a firmer footing as it braces for potential trade frictions with the USA under Donald Trump's presidency.
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Crude oil imports reached 34.03 million metric tons in January, 27.5 percent higher than the same period a year earlier.
Imports surged by 25.2 percent year-on-year to 911.2 billion yuan ($132.4 billion), indicating growing demand amid ongoing supply-side reform. The surplus was expected to rise to $48.5 billion.
In volume terms, imports of iron ore also surged by 12 percent year-on-year in January following a temporary contraction in December.
"The rebound in commodity prices and overseas demand for industrial products boosted the country's exports". "Large concerns remain ahead, as the trade situation for China largely depends on its relationship with the new US administration", Nishihama said.
In 2016, the trade turnover between Russian Federation and China increased by 2.2 percent, with the annual figure standing at $69.525 billion.