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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 18_th 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 17_th largest importer, accounting for 1.4% of the global total.