Overview

• China’s General Administration of Customs reported January–September China–Russia turnover of $163.62 billion, down 9.4% year over year.
• Chinese exports to Russia fell 11.3% to $73.57 billion, while Russian shipments to China declined 7.7% to $90.05 billion.
• Russia’s surplus in bilateral trade widened 17.2% to $16.48 billion for the first nine months of 2025.
• September posted a month‑to‑month rebound to $19.82 billion, including $8.87 billion in Chinese exports and $10.95 billion in Russian exports to China.
• Over the same period, China–U.S. trade fell 15.6% to $425.81 billion, a decline reported in the context of President Trump’s plan to raise U.S. tariffs on Chinese goods by 100% as early as November 1.