China become the world’s biggest trader

According to The Economist, China has recently overtaken United States and become the world’s biggest trader in physical goods. In the last year, China exported $2.21 trillion-worth of goods and imported $1.95 trillion-worth of goods.

China Biggest Trader

American statistics haven’t been published yet, but it seems to be clear that China is ahead. Total trade of China has year-to-year increase of 7.6%, just below the government 8% target. Exports and imports are also increasing, the latter a way faster.

However, if the trade of services is considered, than USA will still the world’s biggest trader.

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