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Russia – China trade active

(Create time:2010-5-21 Hits: Source: )

Timber imports (919 893 tonnes) via the Suifenhe inland point of entry for the first quarter of 2010 amounted to almost 60% of all cargo through the port.

At the end of 2009, Russia did not increase the tariff on log exports as announced earlier in the year so prices did not increase. This came as good news to Chinese importers. The brighter prospects in the Chinese economy contributed to the increase in domestic market demand and increased imports.

Of the wood products imported via Suifenhe, the proportion of sawnwood has been increasing. This increase is the result of Chinese and Russian investment in processing capacity, stimulated by the threat of rising log export duties.

The forestry industry is regarded one of the key industries to support local economic development in the Far-East Region of Russia and China is the largest importer of wood products from the region. The complementary relationship between Chinese and Russian timber market is having a huge impact on the economic development in the Far-East Region of Russia.



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