China Becomes the World’s Leading Trader

Imports and exports breach the $4 trillion mark for the first time in 2013

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China Daily / Reuters

Shipping containers are seen piled up at a port in Qingdao, Shandong province December 10, 2013.

China became the biggest trader of goods in the world for the first time last year, overtaking the U.S.

According to figures released by Beijing on Friday, the value of China’s imports and exports in 2013 reached $4.16 trillion. This will almost certainly surpass the American figure, which won’t be released until February — but seeing as U.S. goods traded from January to November 2013 amounted to $3.57 trillion, there is little likelihood it will be higher than China’s.

Historians quibble over whether Qing dynasty China (1644-1912) might have been the world’s leading trader too — meaning that China could be enjoying this status for the second not first time — but regardless, the news is hailed as a great success by Beijing.

“This is a landmark milestone for our nation’s foreign trade development,” said Zheng Yuesheng, chief statistician of the Customs Administration.

[FT]

10 comments
duduong
duduong

China is still #2 in terms of import and will take a year or two before taking that crown from the US. That title, however, will give China great sway over trade partners

ChinaLee
ChinaLee

"Electrical machinery and equipment" is China's top export at $389 billion. "Power generation equipment" is China's second-largest export at $310 billion. "Optics and medical equipment" account for another $52 billion in Chinese exports.

Among these three categories, China exports $751 billion in high-tech goods annually.


Source: U.S.-China Business Council

RobertNguyen
RobertNguyen

and the greatest piracy thug on the high sea in South East Asia...

pontoosac
pontoosac

I see ivory in those containers.  Lots and lots of ivory from the recently murdered elephants, and rhino horn, and lion and tiger bone, and pangolins in a bag, turtles, bushmeat, gorilla hands, bear bones, and all of the other vanishing wildlife the Chinese like to eat, wear, decorate, and hoard.  Who likes this world, anybody?  Wherever they go, the wildlife vanishes.  Personally, I don't care to elaborate with all kinds of data and quotes and  rhetoric.  In the simplest terms, I do not like the world in which they run amok.  If this were a fable, the spread of the Chinese would easily be seen for what it is, that which the rest of the world must send packing or die trying to.



HumbleSaltoftheEarth
HumbleSaltoftheEarth

I am not surprise a country GDP is like a baby the more other countries feed it the bigger it gets. The whole world is cooking in China's kitchen. However China is not immune to symptoms resulting to over eating, like being top heavy they need to be mindful of this fact. The world system whether financial or otherwise is a very delicate balance, we all want to be number one, the biggest, the strongest, the most powerful but there is a price to pay to maintain such a status.

Any country can get there but not all will remain there until they operate within the balance structure and learn to distribute the weight and responsibilities. China so far seems to demonstrate their understanding of this knowledge evidence by their contributions to some African countries. To be a leader in this world is not symbolize by military might and energy consumption, it quite the opposite but there are those who swore to maintain the current status quo.

They don’t realize it’s like trying to balance a table on two legs, even if you get lucky and able to balance the table on two legs it’s only a matter of time before it loses balance. We live in a holistic universe everything is inclusive the more we exempt others the weaker we become; that is the game objective. Imagine 10 different families living on a deserted Island all of their lives their parents kept telling them they are not related in any way shape or form, keep a watchful eye on each other, and trust no one. How long you think they’ll survive on that Island before they are eventually extinct. The will be war between them, they won’t share resources, they will compete against each other, they won’t procreate and pass diseases to each other with no acknowledgement.

DebbieinTexas
DebbieinTexas

I suspect Yuan Dynasty (12 to 13 century)should be the first while Genghis Han's one branch of offspring ruled China and utilized silk road with full scale.

duduong
duduong

@RobertNguyen 


That is pretty rich for a country that did a naked blatant aggression against Cambodia and Laos to set up puppet regimes as soon as Americans left...

ShahzadMehr
ShahzadMehr

@pontoosac And you must have had seen those ivory being confiscated and a very strong drive by public and private partnership in China which is a healthy sign. You accept it or not, China is now leading importer