According to the statistics from China Customs, bilateral trade volume between China and Russia reached US$29.1 billion in 2005, up by 37.1 percent. Specifically, China's exports to Russia amounted to US$13.21 billion, up by 45.2 percent, while China's imports from Russia came up to US$15.89 billion, up by 31.0 percent. China had a trade deficit of US$2.68 billion with Russia. China mainly exported to Russia such consumer goods as clothing, leathers, machinery and electronic equipment, luggage, and footwear, while Russia mainly exported to China such products as minerals, iron and steel, fuels, timbers and chemicals.
As statistics from the Ministry of Commerce of China show, in 2005, the turnover of engineering contracts fulfilled by Chinese companies in Russia reached US$270 million, and the new contracts for engineering projects signed by Chinese companies in Russia involved a sum of US$440 million; the value of contracts for labor cooperation fulfilled by Chinese companies in Russia reached US$180 million, and the new contracts for labor cooperation signed by Chinese companies in Russia involved a sum of US$220 million. By the end of 2005, the accumulative value of contracts for engineering projects fulfilled by Chinese companies in Russia had reached US$1.47 billion, and the accumulative value of contracts for engineering projects signed by Chinese companies in Russia had come up to US$3.38 billion; the accumulative value of contracts for labor cooperation fulfilled by Chinese companies in Russia had reached US$1.23 billion, and the accumulative value of contracts for labor cooperation signed by Chinese companies in Russia had come up to US$2.17 billion.
In 2005, China set up 82 non- financial Chinese-funded enterprises in Russia, with a total amount of negotiated Chinese investments of US$320 million, which had been either approved by or registered with the Ministry of Commerce of China. By the end of 2005, China had established a total of 657 non-financial Chinese-funded enterprises in Russia with an accumulative amount of negotiated Chinese investments of US$980 million.
Statistics from the Ministry of Commerce of China indicate that, in 2005, Russia invested in 162 projects in China with an amount of contracted investment of US$300 million and a utilized amount of US$80 million. By the end of 2005, Russia had directly invested in 1849 projects in China with an amount of contracted investment of US$1.4 billion and a utilized amount of US$540 million.
