China-Russia Trade Up 23% In 5M 2026
Russia-China bilateral trade has grown 23% year on year in the period January-May 2026, as the trade mix diversifies. This data suggests total bilateral trade for the year will reach just over US$280 billion.
Russia-China bilateral trade has exceeded US$200 billion for three consecutive years, with China remaining vital for Russia’s economy. Key exports for Russia are oil and gas, while China sends cars, electronics, and industrial components, with both nations deepening strategic cooperation and substantial joint infrastructure projects and connectivity despite global pressures. The trade mix however is changing as Russia looks to access markets deeper into the country and its significant Central and Southern populations.
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Russia-China bilateral trade has grown 23% year on year in the period January-May 2026, as the trade mix diversifies. This data suggests total bilateral trade for the year will reach just over US$280 billion.
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