Monday, February 11, 2013

Biggest Trading Nation in the World?

According to Bloomberg, China surpassed the U.S. to become the world’s biggest trading nation last year as measured by the sum of exports and imports.  China is considered the world's biggest exporter (2009) and the U.S. is the world's biggest importer.
U.S. exports and imports last year totaled $3.82 trillion, the U.S. Commerce Department said last week. China’s customs administration reported last month that the country’s total trade in 2012 amounted to $3.87 trillion. China had a $231.1 billion annual trade surplus while the U.S. had a trade deficit of $727.9 billion.
Read the entire article:  China Passes U.S. to Become World's Biggest Trading Nation

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