Tag: world’s largest foreign trader

China Overtakes US As World’s Largest Goods Trading Nation: Commerce Ministry

(Reuters) –China overtook the United States as the world’s largest goods trading nation in 2013, the country’s Ministry of Commerce announced on Saturday. The ministry’s statistics, preliminarily confirmed by the WTO Secretariat, showed that China’s annual trade in goods reached 4.16 trillion U.S. dollars in 2013. Exports of the world’s second largest economy rose 7.9 percent year on year, reaching 2.21 trillion U.S. dollars, and its imports rose 7.3 percent year on year, reaching 1.95 trillion U.S. dollars. Meanwhile, the U.S. […]