China maintained its position as the World’s largest goods exporter in 2018, a Ministry of Commerce statement said Thursday, citing data from the World Trade Organization (WTO).
Accounting for 13.2 percent of the world’s total in value, China’s goods exports topped 2.1 trillion U.S. dollars last year, in contrast to 1.6 trillion dollars in imports, the statement said.
This is the eighth consecutive year China has kept its position as the world’s largest goods exporter and the second largest importer.
World goods exports declined 3.3 percent year on year in 2016 to 15.5 trillion dollars, it said.
In 2019, global trade is likely to grow by 2.4 percent year on year despite uncertainties, according to the WTO.
China’s exports and imports have leapfrogged in decades of reforms and opening-up, especially after China’s entry into the WTO in 2001.