- The Washington Times - Monday, February 11, 2013

China has unseated the United States, and is now No. 1 when it comes to trade and the total sum of exports and imports, according to U.S. Commerce Department statistics.

Last year, the United States’ exports and imports totaled $3.92 trillion. China‘s, meanwhile, was $3.87 trillion, Newsmax reported.

China’s rising economic influence has not gone unnoticed by other nations. Germany, for instance, is predicted to export twice as much to the nation in the coming decade as it will to France, Newsmax reports.

“For so many countries around the world, China is becoming rapidly the most important bilateral trade partner,” said one Goldman Sachs Group Inc. analyst.

Adding to the significance of the trade numbers: The United States has an economy that’s twice the size of China‘s, Newsmax reports. U.S. gross domestic product in 2011 was $15 trillion; China‘s, that same year, was $7.3 trillion, according to World Bank figures.

Copyright © 2018 The Washington Times, LLC. Click here for reprint permission.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide