China's Trade with the World Grows, While Trade with the US and Russia Declines 0 13

China's total trade turnover increased by 3.1% from January to September: it decreased by 15.6% with the US and increased by 4.3% with the EU. The US has the highest reduction in foreign trade volume. The decline in September alone was 20% ($60 billion in 2024, $47 billion in 2025).

Interestingly, trade turnover with India increased by 11%. There was a sharp rise in trade with Africa—almost 20%—with annual turnover approaching $300 billion.

Trade with ASEAN continues to grow by 8.6%. The leaders in growth are Indonesia (+14%), Vietnam, and Thailand, with trade volumes with each country approaching $200 billion. The total trade turnover with the EU and ASEAN is $1.4 trillion, which is 3.5 times more than with the US.

Trade with South Korea grew by 1%, and with Japan by 5%.

Raw material exporters Brazil (-6%) and Australia (-6%) are experiencing declines. Among major partners of China among friendly countries, Russia has the largest reduction in foreign trade—trade turnover for the year may amount to about $220 billion compared to a record $240 billion in 2024.

China and Russia reduced their trade turnover by 9.4% from January to September, down to $163.62 billion; however, Russia's positive trade balance increased by 17% compared to last year.