Phnom Penh (FN), Mar. 17 – China's trade surplus hit $593.9 billion in 2023, the world's largest, soaring from $33.7 billion in two decades. It surpassed the next three countries combined and is the top trade partner for 60 nations.

Since the pandemic, China's exports have surged by $1 trillion, particularly to Southeast Asia amid US trade tensions. With weak GDP growth and domestic demand, manufacturing remains key to its economy.

Germany ranks second, driven by car exports ($174 billion) and parts ($69.4 billion), with the US as its top buyer. Potential US tariffs may push diversification.

Saudi Arabia, in fourth place, led crude exports in 2023, with China, India, and Japan as top buyers.

This article was originally published on Voronoiapp.
=FRESH NEWS