China has Become the Biggest Trading Nation

According to the announcement of the Ministry of Commerce of U.S.A., the total foreign trade in 2012 amounted to USD382.2 billion.  

 

At the same time, the Ministry of Commerce of China announced the total foreign trade of the country in 2012 to be USD386.7 billion.

 

The trade surplus of China was USD23.11 billion whilst the trade deficit of U.S.A. was USD72.79 billion.

 

However, it is worth noting that the total GDP of U.S.A. in 2011 amounted to USD1500 billion, almost doubling that of China at USD730 billion.

 

~ Sing Tao Daily, February 12, 2013 ~

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