China Passes U.S. to Become World's Biggest Trading Nation

Sunday, 10 February 2013 - 19:46

China+Passes+U.S.+to+Become+World%27s+Biggest+Trading+Nation+++

 

China surpassed the U.S. to become the world’s biggest trading nation last year as measured by the sum of exports and imports, a milestone in the Asian nation’s challenge to the U.S. dominance in global commerce that emerged after the end of World War 2 in 1945.

U.S. exports and imports last year totaled 3.82 trillion dollars.

China’s customs administration reported last month that the country’s total trade in 2012 amounted to 3.87 trillion dollars.

China had a 231.1 billion dollar annual trade surplus while the U.S. had a trade deficit of 727.9 billion dollars.



President Inaugurates South Asia’s Largest Maternity Hospital
Thursday, 28 March 2024 - 12:08

President Ranil Wickremesinghe emphasized that the future of the country hinges on modernizing the education and health sectors to align with forthcoming... Read More

President commends victorious National Football Team
Thursday, 28 March 2024 - 11:49

President Ranil Wickremesinghe met with the victorious Sri Lankan National Football Team on Tuesday (26) at the Presidential Secretariat. He commended... Read More

Bridge Collapse: US Divers find 2 bodies in submerged truck
Thursday, 28 March 2024 - 11:34

The bodies of two construction workers were found in the cold waters of Baltimore harbor Wednesday, trapped in their red pick-up truck after a giant cargo... Read More