China to Oust US as Japan's Biggest Exporter This Year

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Last updated at: (Beijing Time) Thursday, December 12, 2002

China to Oust US as Japan's Biggest Exporter This Year

China is on pace to replace the United States this year as the largest exporter of goods to Japan on the back of soaring shipments of personal computers and television sets, a report said Thursday.

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China is on pace to replace the United States this year as the largest exporter of goods to Japan on the back of soaring shipments of personal computers and television sets, a report said Thursday.

Exports from China to Japan, excluding those from Hong Kong, totaled 6.31 trillion yen (50.9 billion dollars) from January to October, surpassing the 6.04 trillion yen from the United States, the Nihon Keizai Shimbun said, citing trade statistics.

They also topped the 4.51 trillion yen in exports from the European Union, the report said.

With shipments from China surging in November and December, Chinese imports are set to surpass US imports in value for the first time since the Ministry of Finance began compiling statistics since 1961, the paper said.

The surge from China, which marked Wednesday the anniversary of its entry into the World Trade Organization, also comes at a time when Japanese firms are rushing to source material from the country or shifting production bases there.

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