For the first 9 months (January-September) of 2025, there was a decline in trade between Russia and China compared to the same period last year, as a decline in annual basis and for each of the three quarters.
The decline in trade turnover between Russia and China in the first three quarters of 2025, compared to the record levels of 2024, is mainly due to market conditions and "negative external factors", commented a few days ago in "Pekin, the first deputy prime minister of Russia Denis Mantyurov during the meeting of the Russian-Chinese intergovernmental commission, writes "Vedomosti".
The Main Customs Service of China also reported that the trade turnover between Russia and China in the three months from the beginning of the year decreased in financial terms by 9.4% compared to the same period in 2024 - to 163.62 billion dollars.
Πo-concretely, the amount of China's exports to Russia during this period decreased by 11.3% to $73.57 billion, and exports from Russia to China decreased by 7.7% to $90.05 billion. While for the whole of 2024, trade between China and Russia reached a record 244 billion dollars.
In financial terms, China exports to Russia mainly: cars, special equipment, electronics, equipment and textiles.
In financial terms, the main goods that Russia exports to China are oil, natural gas and coal, followed by: copper, ore, timber, liquid fuels and marine products.
The value of Russia's energy supplies to China for the period January-September 2025, according to the General Customs Service of China, is a total of $59 billion (a year-on-year decrease of 18.9%, or $14 billion).
Πo-specially, the volume of imports of Oil imports to China from Russia in the first nine months of 2025 decreased by 8.1% to 74.04 million tons, but in financial terms the decline was 21%. Brent crude oil prices for the same period fell by 14%. The drop in prices, along with a simultaneous contraction in volumes, has affected trade turnover between the two countries as a whole, believes Olga Belenskaya, a financial analyst at the "Finam" financial group.