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
Iranian media: Documents indicate that Merav Zafary-Odiz was tasked with stoking confusion about Iran's peaceful nuclear program
Iranian media: The documents indicate that Merav Odiz was tasked with diverting world opinion away from "Israel's" non-peaceful nuclear program
Iranian media: Documents reveal direct coordination between the Zionist entity's representative, Merav Zafary-Odiz, and Grossi
Iranian media: One document reveals that Merav Zafary-Odiz, "Israel's" representative at the agency, requested an immediate meeting with Grossi on May 10, 2016
Iranian media: One document reveals coordination between the [Israeli] entity and Grossi to incite tensions against Iran just five months after the nuclear agreement was concluded
Iranian media: Documents confirm that Grossi began his cooperation with the entity in 2016 and coordinated reports against Iran's peaceful nuclear activities
Iranian media on released documents seized from "Israel": The special relationship between the International Atomic Energy Agency and the Zionist entity began upon the arrival of the current IAEA Director General, Rafael Grossi
Fars: The released documents show that IAEA chief Grossi has been completely coordinating with "Israel" and has been carrying out "Israel's" orders
Fars News Agency publishes first batch of documents that the Iranian Ministry of Intelligence seized through its intelligence operation
Joint statement: Iran, in response to the IAEA decision, will replace first-generation centrifuges at the Fordow nuclear facility with advanced sixth-generation centrifuges

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

Yemen’s al-Mashat congratulates Putin, hails Russia’s global role

Kremlin warns Ukraine may lose more land without peace deal

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

The logo of the Iranian Ministry of Intelligence (wikidata)

Iran acquired thousands of sensitive Israeli documents: Exclusive

  • Politics
  • 7 Jun 2025
Iranian demonstrators walk on a caricature of the Israeli Prime Minister Benjamin Netanyahu during the annual Quds Day rally in support of Palestinians, in Tehran, Iran, Friday, March 28, 2025 (AP)

Iran hits 'Israel' hard without arms; intel breach lays Tel Aviv bare

  • Politics
  • 7 Jun 2025
Iranian Intelligence Minister Esmaeil Khatib in an undated photo (Nournews)

Iranian security minister reveals major intelligence haul on 'Israel'

  • Politics
  • 8 Jun 2025
IAEA leaked to 'Israel' confidential communications with Iran: Fars

IAEA leaked to 'Israel' confidential communications with Iran: Fars

  • MENA
  • 10 Jun 2025

Coverage

All
War on Gaza

Read Next

All
Police officers stand guard at the entrance of Lancaster House, where the trade talks between the U.S. and China are taking place, in London, Monday, June 9, 2025. (AP Photo/Kin Cheung)
Economy

Trump claims US-China trade deal finalized, awaits Xi's approval

Israeli Prime Minister Benjamin Netanyahu speaks during a press conference in occupied al-Quds, Wednesday, May 21, 2025. (AP)
Politics

Netanyahu seeks US-mediated 'peace talks' with Syria's interim govt.

A Pro-Palestinian demonstrator waves a flag on the Brooklyn Bridge during a march Thursday, May 15, 2025, in New York. (AP)
Politics

US pressures countries to boycott UN summit on Palestine recognition

A man waves a flag with a portrait of Russian President Vladimir Putin as thousands gather on Red Square to watch a concert dedicated to the upcoming Day of Russia in Moscow, Russia, Wednesday, June 11, 2025 (AP)
Politics

Yemen’s al-Mashat congratulates Putin, hails Russia’s global role

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