China-Russia Trade Up 2.1% Y/Y to $222.8Bln in January-November

According to customs data, China exported goods worth $104.195 billion to Russia during the reporting period, an increase of 4% compared to the same period in 2023, while exports from Russia to China increased by 0.4% to $118.578 billion.

Separately, in November, the trade between the two countries amounted to $20.516 billion. Russia exported goods to China worth $10.477 billion, while China's exports to Russia totaled $10.038 billion.

The trade between China and Russia increased by 26.3% to a record $240.11 billion in 2023. The leaders of Russia and China previously set the task of doubling the annual trade to $200 billion by 2024; this figure was achieved in November 2023.

At the same time, China-US trade increased by 2.9% year-on-year to $624.491 billion in January-November 2024.

The United States remained China's third-largest trading partner, after ASEAN and the European Union.

According to the data, China's exports to the United States increased by 3.9% year-on-year to $475.666 billion in January-November, while the United States exported $148.824 billion worth of goods from China, virtually unchanged from last year.

In November alone, the trade between the two countries amounted to $59.733 billion, with the United States exporting $12.424 billion worth of goods to China and China exporting $47.309 billion worth of goods to the United States.

In 2023, trade between China and the United States decreased by 11.6% year-on-year to $664.45 billion.