China-Russia trade exceeds $200 bln for third straight year: official

China-Russia bilateral trade surpassed $200 billion for the third consecutive year in 2025, reaching $227.9 billion, according to a Chinese commerce ministry official.

Ma Chi, deputy director general of the Department of Eurasian Affairs at China's Ministry of Commerce, made the remarks at a news conference for the China-Russia Expo on Friday. He noted that China has remained Russia's largest trading partner for 16 straight years.

In the first quarter of 2026, bilateral trade rose 14.7 percent year on year to $61.2 billion. The share of mechanical and electrical products and high-tech products in two-way trade continues to increase, Ma added.

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Illustration of China's record Q1 foreign trade growth, depicting a busy port with ships, cranes, and surging trade graphs.
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China's Q1 foreign trade up 15%, fastest in five years

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China's foreign trade reached 11.84 trillion yuan ($1.63 trillion) in the first quarter of 2026, up 15% year on year, the fastest quarterly growth in nearly five years, officials from the General Administration of Customs announced on Tuesday. Exports totaled 6.85 trillion yuan, up 11.9%, while imports rose 19.6% to 4.99 trillion yuan. The figure marks the first time first-quarter trade has exceeded 11 trillion yuan.

Russian President Vladimir Putin left Beijing on Wednesday night, concluding his state visit to China. During the visit, he held talks with Chinese President Xi Jinping. The leaders agreed to extend the China-Russia Treaty of Good-Neighborliness and Friendly Cooperation and signed multiple cooperation documents.

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China is expected to shift its agricultural trade toward higher-value exports and more diversified markets during the 2026-30 period, according to a new industry report.

China's export prices rose 5 percent in April, marking the fastest increase in three years. The jump was fueled by global energy costs and demand tied to artificial intelligence for commodities such as oil, metals and semiconductors.

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China invested US$6.1 billion in Brazil last year, making the country Beijing’s top destination for overseas capital. The figure marked a 45 per cent increase from the previous year.

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