Global export share to reach 13% this year
China is expected to account for 13 percent of the world’s total exports this year as the country shipped more high-value products to both developed and emerging markets between January and November, the Ministry of Commerce said.
China’s proportion of exports amounted to 12.4 percent of the global market last year. The country’s exports of rail equipment as well as power and telecommunications products to developed markets rose 10 percent year-on-year in the first 11 months.
China’s foreign trade dropped 7.8 percent year-on-year to 22.08 trillion yuan ($3.39 trillion) from January to November.
Of this, 12.71 trillion yuan was exports, which were down 2.2 percent. The nation’s trade surplus during the same period surged 63 percent to 3.34 trillion yuan, according to the General Administration of Customs.