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.

China's foreign trade rose 18.3 percent year-on-year to 7.73 trillion yuan in the first two months of 2026, economists say this will underpin the country's growth target and provide stability for the global economy. Exports increased 19.2 percent, while imports grew 17.1 percent, reflecting improved global demand and domestic industrial strengths.

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China's trade performance exceeded expectations at the beginning of 2026, with exports rising sharply. The growth rate reached 21.8% year-on-year for January and February, compared to 5.5% in the previous year. This surge was propelled by key sectors amid global demand.

Mexico solidified its position as the top US trading partner in February 2026, with exports totaling $44.3 billion, or 17.5% of total US imports. This marks a significant rise from prior periods, as China dropped to fourth place. The figures come from the US Census Bureau.

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Amid energy shocks from the Iran war threatening Southeast Asia’s supply chains, US and European importers are shifting some orders back to China. Chinese exporters report a recovery in buyer numbers at the Canton Fair in Guangzhou.

China announced on Thursday a 7% increase in defense spending for 2026, the lowest rate in five years but still exceeding economic growth targets amid rising regional tensions. The move supports military modernization by 2035, with references to Taiwan. Premier Li Qiang highlighted improvements in combat readiness.

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Russia's Sergey Lavrov and China's Wang Yi met in Beijing on Tuesday to discuss the Iran war, Ukraine and Taiwan. A Chinese readout warned of rising global turmoil in a veiled criticism of Washington and Donald Trump.

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