BEIJING, April 13 (Xinhua) — China remained the highest merchandise exporter in 2023 for the seventh straight 12 months with its share in world exports at 14.2 %, virtually the identical as the extent in 2022, the Ministry of Commerce stated.
The ministry made the remarks in response to the most recent version of World Commerce Group’s (WTO) “World Commerce Outlook and Statistics,” which foresees a gradual restoration in world merchandise commerce quantity in 2024 and 2025, following a contraction in 2023.
China stayed because the second high merchandise importer in 2023 with a share of 10.6 %, mainly the identical with the extent in 2022, the ministry stated.
Regardless of the troublesome restoration of the world economic system, China has maintained regular performances in world merchandise commerce, exhibiting robust progress resilience, the ministry famous.
This confirmed that China’s high quality merchandise are welcomed by the worldwide market and imports into China’s giant home market have helped drive the financial progress of different international locations, the ministry stated.
The WTO report additionally cautioned that there’s a excessive diploma of uncertainty related to the present forecast as a result of giant variety of danger components current within the world economic system, together with regional conflicts, geopolitical tensions, and rising protectionism.
