Latest news, international – China and Russia will become the world leaders in trade surpluses for 2022, breaking their own records for this indicator, according to calculations Sputnik based on data from national statistics.
As reported by Sputnik News, China’s trade surplus rose 30% last year to a record high of $877.6 billion, the data showed. Russia increased its surplus by 1.7 times during the year to a record $333.4 billion, rising to second place among major economies.
Saudi Arabia, which has the highest trade surplus since 2012 at $221.3 billion, ranks third.
The absolute leader in trade surplus growth in 2022 will be Canada, where the index jumped 4.8 times from $3.65 billion to $17.45 billion. Meanwhile, the only country that managed to move from a trade deficit to a surplus last year was Nigeria.
As a result, the 26 major economies recorded a trade surplus of $2.45 trillion in 2022, up from 32 countries with $2.1 trillion a year earlier.
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The study was conducted by Sputnik based on national statistics agency data from the world’s 60 largest economies.
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