In the period from January through November, trade activity between Russia and China surpassed previous records, rising by about 26.7 percent year over year and signaling a new historical peak at roughly 218.17 billion dollars. This figure comes from the General Administration of Customs of the People’s Republic of China, as reported by TASS.
The data show that shipments from China to Russia climbed significantly, increasing by around 50.2 percent to roughly 100.33 billion dollars across the eleven months of the year. At the same time, imports from Russia to China grew by roughly 11.8 percent, reaching about 117.84 billion dollars. The bilateral balance remained positive for Russia, with its surplus narrowing by approximately 53 percent compared with the same period in the previous year, landing at around 17.51 billion dollars.
November alone saw trade reach about 21.5 billion dollars, marking an 8.6 percent rise from October and underscoring continued momentum in the two nations’ commercial exchanges. The trajectory of these totals aligns with high-level goals set by leaders from both capitals, who sought to double trade to 200 billion dollars by 2024. That objective reflects a strategic priority to deepen economic ties across a broad range of sectors, including energy, manufacturing, and technology.
In remarks from November, Chinese President Xi Jinping underscored Beijing’s commitment to strengthening ties with Moscow and to pursuing deeper collaboration across multiple domains. He highlighted the joint efforts that have expanded energy cooperation to cover a wider spectrum of activities and stakeholders, a development viewed as central to sustaining robust bilateral dynamics.
Earlier statements from Xi noted that cooperative efforts by Russia and China have yielded a comprehensive and growing energy partnership, reflecting a broader trend toward greater integration of their economic ecosystems. Independent analysis indicates that this trend is shaping supply chains, investment patterns, and market expectations in both countries.
Observers in international policy circles have remarked on the deepening bonds between Moscow and Beijing, noting that cooperation is becoming more integrated and wide-ranging. The steady rise in trade, coupled with sustained engagement at the highest political levels, points to a durable alignment in interests that extends beyond commodity exchanges into strategic collaboration across a suite of sectors and initiatives.