INTERNATIONAL
China-US trade down 9.1 pct to US$239.7 January-May 2025 - Customs
Chinas trade with the US and Russia fell in early 2025, despite record highs in 2024, reflecting slowing global economic ties. - ADOBE STOCK
BEIJING: China-US trade fell by 9.1 per cent year-on-year to $239.709 billion in January-May, according to data released Monday by China's General Administration of Customs.
AI Brief
The US remains China's third-largest trading partner after ASEAN and the European Union, the customs service noted.
According to Chinese customs data, China's exports to the US in January-May fell by 9.7 per cent year-on-year to US$177.416 billion, while the US exported US$62.292 billion worth of goods to China, down 7.4 per cent year-on-year.
Separately, in May, the trade between the two countries amounted to US$39.627 billion: the US imported US$10.807 billion worth of goods from China, while China imported US$28.819 billion worth of goods from the US, the General Administration of Customs said.
Meanwhile, China-Russia trade decreased by 8.2 per cent year-on-year to US$88.796 billion in January-May.
According to customs data, China imported goods worth US$38.886 billion from Russia during the reporting period, down 6.6 per cent from January-May 2025. Deliveries from Russia to China decreased by 9.5 per cent year-on-year to US$49.91 billion.
In May alone, the trade between the two countries amounted to US$17.7 billion: Russia exported goods to China worth US$9.6 billion, and China exported goods to Russia worth US$8.1 billion, the customs specified.
According to China's customs, the trade between China and Russia increased by 1.9 per cent year-on-year to a record US$244.819 billion in 2024.
--BERNAMA-SPUTNIK/RIA NOVOSTI
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AI Brief
- China's exports and imports with the US dropped nearly 10% and 7% respectively from January to May 2025.
- China-Russia trade also declined by over 8% during the same period, despite hitting a record high in 2024.
- The US remains China's third-largest trading partner after ASEAN and the EU, according to Chinese customs data.
The US remains China's third-largest trading partner after ASEAN and the European Union, the customs service noted.
According to Chinese customs data, China's exports to the US in January-May fell by 9.7 per cent year-on-year to US$177.416 billion, while the US exported US$62.292 billion worth of goods to China, down 7.4 per cent year-on-year.
Separately, in May, the trade between the two countries amounted to US$39.627 billion: the US imported US$10.807 billion worth of goods from China, while China imported US$28.819 billion worth of goods from the US, the General Administration of Customs said.
Meanwhile, China-Russia trade decreased by 8.2 per cent year-on-year to US$88.796 billion in January-May.
According to customs data, China imported goods worth US$38.886 billion from Russia during the reporting period, down 6.6 per cent from January-May 2025. Deliveries from Russia to China decreased by 9.5 per cent year-on-year to US$49.91 billion.
In May alone, the trade between the two countries amounted to US$17.7 billion: Russia exported goods to China worth US$9.6 billion, and China exported goods to Russia worth US$8.1 billion, the customs specified.
According to China's customs, the trade between China and Russia increased by 1.9 per cent year-on-year to a record US$244.819 billion in 2024.
--BERNAMA-SPUTNIK/RIA NOVOSTI