China ‘Overtakes’ US As Top Trader

China’s annual trade in goods reached the $4 trillion mark for the first time in 2013, official data has revealed, confirming its position as the world’s top trading nation.

Record figures

chinaChina proudly claims the title, which was held by the United States for decades.

Exports from the world’s number two economy have increased by 7.9% to $2.21 trillion, while imports grew 7.3% to $1.95 trillion, the General Administration of Customs (GAC) announced.

“It is very likely that China has overtaken the US to become the world’s largest trading country,” said China’s customs administration spokesman Zheng Yuesheng.

Historic shift

The total was a record high and effectively confirmed a historic geo-economic shift, making China the top trader of physical goods.

Back in 2009, China became the top biggest goods exporter, wherein its imports have also increased amid an expansion in its economy.

The United States is set to reveal its annual figures in February.