Russia-China trade hits $160B in first seven months

Chinese goods deliveries to Russia then fell by 10.4% to $103.3 billion, while Russian deliveries to China reached $124.8 billion.

Consensus

Russia and China's trade volume reached $159.24 billion from January to July 2026.
The trade volume increased by more than 25% compared to the same period of 2025.
Russia continues to export more to China than it imports from China.
Chinese exports to Russia grew faster than Russian exports to China.
Energy resources and agricultural products remain key components of Russian exports to China.
China exports high-tech and electromechanical products to Russia.
Chinese automobile exports to Russia increased significantly, with 518,000 vehicles and vehicle kits shipped from January to July 2026.
The trade volume in 2025 was $228.1 billion, a 6.9% decrease from the previous year.
In 2025, Chinese exports to Russia fell by 10.4% compared to the prior year.
In 2025, Russian exports to China fell to $124.8 billion.
The growth in 2026 follows a decline in 2025.

The trade volume for January–July 2026 was reported as $159.24 billion by Boris Titov on August 26. — fontanka
Boris Titov reported the trade volume as nearly $160 billion for January–June 2026. — interfax
China's exports to Russia grew by 29.5% in January–July 2026. — fontanka
Boris Titov mentioned that cooperation with China is most active in e-commerce, trade, logistics, construction, and services. — interfax
As of May 13, 2026, there were 15,500 companies in Russia with Chinese founders or co-founders. — interfax
In May 2026, the Chinese embassy noted an increase in the share of high-value-added goods in bilateral trade. — fontanka