Global ex­port share to reach 13% this year

China Daily (Canada) - - NEWS CAPSULE -

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.

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