China has solidified its position as the world's leading merchandise exporter for the seventh consecutive year in 2023, according to the Ministry of Commerce.
The Chinese mainland accounted for 14.2% of global exports this year, maintaining a steady share similar to 2022. This achievement underscores China's robust presence in international trade.
In addition to its export prowess, China remained the second-largest merchandise importer, capturing a 10.6% share of global imports, consistent with the previous year’s figures.
The latest edition of the World Trade Organization's (WTO) \"Global Trade Outlook and Statistics\" highlighted a gradual recovery in world merchandise trade volumes projected for 2024 and 2025, following a contraction in 2023. Despite the challenging global economic landscape, China's steady performance demonstrates its strong growth resilience.
The Ministry of Commerce emphasized that China's high-quality products continue to be favored in the global market. Furthermore, the influx of imports into China's vast domestic market has played a pivotal role in driving economic growth in other countries.
However, the WTO report cautioned that the current forecast remains uncertain due to numerous risk factors, including regional conflicts, geopolitical tensions, and rising protectionism, which could impact future trade dynamics.
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China world's top merchandise exporter in 2023 for 7th straight year
cgtn.com
