China remains top merchandise exporter in 2023 for 7th straight year
China remained the top merchandise exporter in 2023 for the seventh straight year with its share in world exports at 14.2 percent, almost the same as the level in 2022, the Ministry of Commerce said.
The ministry made the remarks in response to the latest edition of World Trade Organization's (WTO) "Global Trade Outlook and Statistics," which foresees a gradual recovery in world merchandise trade volume in 2024 and 2025, following a contraction in 2023.
China stayed as the second top merchandise importer in 2023 with a share of 10.6 percent, basically the same with the level in 2022, the ministry said.
Despite the difficult recovery of the world economy, China has maintained steady performances in world merchandise trade, showing strong growth resilience, the ministry noted.
This showed that China's quality products are welcomed by the global market and imports into China's large domestic market have helped drive the economic growth of other countries, the ministry said.
The WTO report also cautioned that there is a high degree of uncertainty associated with the current forecast due to the large number of risk factors present in the global economy, including regional conflicts, geopolitical tensions, and rising protectionism.
Related articles
Paris Olympics: What to know and who to watch during the canoe/kayak competition
A roadmap to follow for the canoe/kayak competition at the Paris Olympics:Athletes to Watch—Lisa Car2024-06-03Kris Jenner, 68, looks chic in D&G dress for 'date night' with longtime boyfriend Corey Gamble, 43
Kris Jenner took to Instagram as she and her longtime boyfriend Corey Gamble posed up a storm in a g2024-06-03Tiger Woods starts his 26th Masters with an impressive birdie on his first hole
Tiger Woods has begun his pursuit of a record 24th consecutive made cut at the Masters with a birdie2024-06-03Bayern Munich kick a ball around a £3,500
Bayern Munich geared up for their Champions League showdown against Arsenal in the rather opulent su2024-06-03Reliever Drew Smith back with Mets after missing almost 6 weeks with shoulder soreness
NEW YORK (AP) — Reliever Drew Smith was activated from the 15-day injured list by the New York Mets2024-06-03Fernando Alonso commits his future to Aston Martin by signing new two
Fernando Alonso is set to announce that he has signed a new two-year deal to stay Aston Martin, Mail2024-06-03
atest comment