BEIJING (Reuters) -China’s yuan-denominated exports to Russia in September posted their biggest drop in seven months, accelerating the decline seen in August, Chinese customs data showed on Monday.
Outbound shipments to Russia contracted 21% in yuan terms last month to 63.11 billion yuan ($8.85 billion) from a year earlier, the lowest since February and a sixth straight monthly decline. Exports fell 16.4% in August.
For the first nine months of the year, China’s exports to Russia fell 10.6%.
But China’s imports from Russia swung back to growth last month, registering a 3.8% rise compared to a 17.8% contraction in August.
The customs administration did not give a data breakdown on China’s trade with Russia on Monday.
Russia planned to increase LNG exports to China from the Arctic LNG 2