Economy

Russia-ASEAN Trade Exceeds $17Bln With 10% Growth in Nine Months

MOSCOW (Sputnik) - The trade between Russia and member states of the Association of Southeast Asian Nations (ASEAN) has increased by 10% in January-September, exceeding $17 billion, Russian Deputy Minister of Industry and Trade Alexey Gruzdev on Wednesday said during a business forum held in Malaysia.
Sputnik
"Last year, the total trade turnover between Russia and ASEAN countries increased by 15% and amounted to approximately $22 billion. For the period from January to September this year, it added another 10% and exceeded $17 billion. Moreover, our trade flows are balanced: Russian exports to the region are comparable to imports," Gruzdev said, as quoted by the press service of the ministry.
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The official also highlighted the priority areas for the development of trade and industrial cooperation with ASEAN countries, including the chemical industry, pharmaceuticals, medical equipment, renewable energy, and digital technologies.
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