08.09.2025, 08:50
Trade turnover between Russia and China has fallen
Source: OREANDA-NEWS
OREANDA-NEWS The volume of trade between Russia and China decreased by 8.4 percent in January—August, to $143.76 billion. This is reported by TASS with reference to data from Chinese customs officials.
The indicator has been at about the same level in recent months. In January-May, it decreased by 8.2 percent, and in January-August by 8.1 percent. Month-on-month, the trade turnover between Russia and China decreased by 6.4 percent compared to July, to $17.9 billion.
As follows from the published data, shipments from China and in the opposite direction decreased over the reporting period of this year by comparable 9.7 and 9.1 percent, to 64.77 and 78.99 billion dollars, respectively.
The dynamics of trade turnover in 2025 continued the trend of 2024, when its level, although it rose to a new record of 244 billion dollars against 240.1 billion a year earlier, the growth rate slowed significantly after an increase of 26.3 percent in 2023. This happened due to the increased pressure from the Americans during the administration of President Joe Biden, threatening representatives of countries friendly to Russia with secondary sanctions.
Last spring, for example, it was reported that 80 percent of settlements between Russia and China had been suspended due to Western restrictions. This was followed by a statement from the governments of the two countries that Moscow and Beijing intend to ensure the smooth operation of payment channels in trade and strengthen the dialogue between financial and banking organizations.
The indicator has been at about the same level in recent months. In January-May, it decreased by 8.2 percent, and in January-August by 8.1 percent. Month-on-month, the trade turnover between Russia and China decreased by 6.4 percent compared to July, to $17.9 billion.
As follows from the published data, shipments from China and in the opposite direction decreased over the reporting period of this year by comparable 9.7 and 9.1 percent, to 64.77 and 78.99 billion dollars, respectively.
The dynamics of trade turnover in 2025 continued the trend of 2024, when its level, although it rose to a new record of 244 billion dollars against 240.1 billion a year earlier, the growth rate slowed significantly after an increase of 26.3 percent in 2023. This happened due to the increased pressure from the Americans during the administration of President Joe Biden, threatening representatives of countries friendly to Russia with secondary sanctions.
Last spring, for example, it was reported that 80 percent of settlements between Russia and China had been suspended due to Western restrictions. This was followed by a statement from the governments of the two countries that Moscow and Beijing intend to ensure the smooth operation of payment channels in trade and strengthen the dialogue between financial and banking organizations.
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