EU at loss as Russia, China ecommerce relations flourish

Wednesday 7 January 2015 00:37 CET | News

Nearly 70% of international packages shipped to Russian consumers in 2014 came from China, as compared to 40% in 2013.

However, Chinese companies took 50% of total revenues in the cross-border sector in 2014, a business representing EUR 4 billion in 2014. EU companies still sell well in the Russian market as the total revenues reached EUR 4 billion in 2014, a notable increase from EUR 2.4 billion in 2013.

RUB has fallen nearly 40% against the EUR in 2014, according to The Moscow Times news agency, cited by

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Keywords: EU, Russia, China, ecommerce, online purchases, cross-border trade, decrease, bilateral relations
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce

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