Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Iran's judiciary says 71 killed in Israeli strike on Evin Prison
Trump: Make the deal, get the hostages back
Al Mayadeen's correspondent: 67 Palestinians were martyred in 24 hours in the Israeli aggression on the Gaza Strip
Israeli media: For the first time, Prime Minister Netanyahu is signaling that he wants to end the war on Gaza
Israeli Channel 12, citing an American source: We want to have entered a path toward captive release and a ceasefire before Netanyahu arrives in Washington
Lebanese Ministry of Health: One martyr and two injured in the Israeli airstrike that targeted a motorcycle in the town of Mahrouna
Al Mayadeen correspondent to Southern Lebanon: An Israeli drone strike targeted a vehicle between the towns of Jwayya and Mahrouna.
Al Mayadeen's correspondent in South Lebanon: One martyred in the Israeli drone strike on a car in the town of Kawnin
Al Mayadeen's correspondent in South Lebanon: Israeli drone targets a car in the town of Kawnin
Naeini: If our national interests are attacked again, our response this time will be stronger and more destructive

China, Russia top world's trade surplus leaders in 2022

  • By Al Mayadeen English
  • Source: Agencies
  • 26 Mar 2023 14:07
  • 2 Shares
3 Min Read

A new report shows that China's trade surplus increased by 30% last year, reaching an all-time high of $877.6 billion

  • x
  • Men move bags of goods for export in front of a trading center that houses shops and offices with Russian goods and services, in Beijing, China April, 1 2022. (REUTERS)
    Men move bags of goods for export in front of a trading center that houses shops and offices with Russian goods and services, in Beijing, China, April 1, 2022. (Reuters)

China's trade surplus increased by 30% last year, reaching an all-time high of $877.6 billion and placing the country in first place in the global trade surplus. Russia moved up to second position among big economies after increasing its surplus by 1.7 times over the course of the year to a record $333.4 billion, as per Sputnik calculations based on data from national statistics.

Saudi Arabia came in third with a $221.3 billion trade surplus, the most since 2012, the report added.

The report recalled that Canada was the country with the highest increase in trade surplus growth in 2022, with a 4.8-fold increase from $3.65 billion to $17.45 billion. At the same time, Nigeria was the only nation to turn its trade deficit into a surplus last year.

Concurrently, 26 significant economies saw a trade surplus of $2.45 trillion in 2022 as opposed to 32 nations with $2.1 trillion the year before.

China and Russia increasing cooperation

Last week, Russian President Vladimir Putin and Chinese President Xi Jinping signed two joint strategic documents aiming to boost the two global powers' economic and diplomatic partnership. 

It is also worth noting that China and Russia lately vowed to increase cooperation and increase multilateralism through various existing multilateral mechanisms such as BRICS, the Shanghai Cooperation Organization (SCO), and G20 platforms.

Related News

Slovakia threatens to block new EU sanctions over Russian energy

1,200 soldiers from 4 NATO states train river crossing in Germany

In recent months, the BRICS bloc has begun to discuss expanding to include a number of new members, including Argentina, Iran, Indonesia, Turkey, Saudi Arabia, and Egypt.

BRICS members currently account for 30% of global gross output and 40% of the global population.

Meanwhile, the Shanghai Cooperation Organization (SCO), founded by China, Russia, Uzbekistan, Kazakhstan, Kyrgyzstan, and Tajikistan in 2001, forms the world's biggest regional market with eight official and four observer members. 

The organization accounts for 40 percent of the world's population and 28 percent of the global gross domestic product (GDP). 

Russia and China stated their intention to intensify communication over the WTO's agenda, particularly its reform.

The two countries further declared their support for the African Union's admission to the G20 in order to provide poor nations and emerging market economies a "greater voice" on the global stage.  

In short, a growing friendship between Chinese President Xi Jinping and Russian President Vladimir Putin has helped put the two countries closer together. The ambitions to end what China and Russia regard as America's economic and geopolitical hegemony further strengthened the diplomatic and economic ties. 

This is particularly expressed by the two countries employing their national currencies and gold to carry out trades. Expanding that practice to other world economies is further threatening the American dollar's status as the world's dominant reserve currency.

Read more: Putin, Xi highlight boosting Russian-Chinese cooperation

  • Russia
  • Putin
  • China
  • trade surplus
  • Xi Jinping

Most Read

Iranian President Masoud Pezeshkian attends a protest following the US attacks on nuclear sites in Iran, in Tehran, Iran, Sunday, June 22, 2025. (AP)

Iran declares victory as ceasefire forces Israeli retreat

  • Politics
  • 24 Jun 2025
Israeli workers survey the site where a missile launched from Iran struck in Haifa on Sunday, June 22, 2025. (AP)

True Promise 3, wave 20: 40 missiles launched, Kheibar-Shekan in first

  • Politics
  • 22 Jun 2025
Iran launches strikes on Israeli targets, despite alleged ceasefire

Iran victorious as ceasefire with 'Israel' takes effect

  • Politics
  • 24 Jun 2025
Iranian worshippers carry their country's flags in a protest to condemn Israeli attacks on multiple cities across Iran, after the Friday prayers ceremony in Tehran, Iran, Friday, June 20, 2025. (AP)

Iran warns of NPT withdrawal, Strait of Hormuz closure after US attack

  • Politics
  • 22 Jun 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
In this June, 12, 2021, file photo, former Secretary of Iran's Supreme National Security Council Ali Shamkhani sits in a meeting in Tehran, Iran.
Politics

Iran strategically foiled Israeli-US scheme, Advisor Shamkhani says

Sheikh Naim
MENA

Let no one think they can subjugate Hezbollah: Sheikh Qassem

Screengrab from a video published by the al-Qassam Brigades shows confrontations with the Israeli occupation forces in Gaza, undated (Al-Qassam Brigades Military Media)
Politics

Al-Qassam releases video of deadly ambush with Israeli forces in Gaza

International Atomic Energy Agency (IAEA) Director General, Rafael Grossi, attends an IAEA Board of Governors meeting in Vienna, Austria, Monday, June 23, 2025 (AP)
Politics

Iran bars IAEA chief Grossi from nuclear facility inspections

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS