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WTO: 2018 global trade figures at record high

  • 04 April, 2019
  • Natalie Tso
WTO: 2018 global trade figures at record high
Taitung's Chishang rice is a popular export (CNA)

The WTO just announced record high global trade figures for 2018. Exports worldwide were worth US$19.5 trillion, a 9.8% increase from 2017.

2018 was a record-breaking year for Taiwan’s exports as well. Taiwanese exports last year were worth US$ 335 billion. Taiwan was the 18th biggest exporter in the world last year, accounting for 1.7% of the world’s total exports.

China was the largest exporter in the world last year, accounting for 12.8% of global total. Following China were the US, Germany, and Japan.

2018 was also a year of record imports. The top five importers last year were the US, China, Germany, Japan, and the UK.

Last year, Taiwan’s imports were valued at US$286 billion. Taiwan was the 17th largest importer, accounting for 1.4% of the global total. 

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