China Reports Jan–Oct Trade Down 16.6% With U.S., 9.5% With Russia

Overview

• Goods turnover with the U.S. reached $470.857 billion for the first ten months, a 16.6% year-over-year decline, according to China’s customs.
• Trade with Russia totaled $183.243 billion over the same period, down 9.5% on the year, the official data show.
• China’s exports to the U.S. fell 17.8% to $352.139 billion, while U.S. shipments to China dropped 12.6% to $118.718 billion.
• Flows with Russia included $82.069 billion in Chinese exports to Russia, down 12.6%, and $101.174 billion in Russian exports to China, down 6.7%.
• October snapshots showed $45.076 billion in U.S.–China trade and $19.505 billion in Russia–China trade, with the United States remaining China’s No. 3 partner after ASEAN and the EU.