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World Trade Statistical Review
08-Jul-2019 Global value chains 2005-2015. 42. Digital trade. 44. V. Leading traders and the role of developing economies in world trade.
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Since the Paris Conference of Parties (COP21) in 2015 there has been a huge increase in countries' ambitions to decarbonize. Around 70% of the world's carbon
World Trade
Statistical
Review
2019201620172018
About the WTO
The World Trade Organization deals with the global rules of trade between nations. Its main function is to ensure that trade fiows as smoothly, predictably and freely as possible.About this publication
World Trade Statistical Review provides a detailed analysis of the latest developments in world trade. It is the WTO"s fiagship statistical publication and is produced on an annual basis.For more information
All data used in this report, as well as additional charts and tables not included, can be downloaded from the WTO web site at www.wto.org/statisticsI.Introduction 2
Acknowledgements4
A message from Director-General Roberto Azevêdo 5II.Highlights of world trade6
World merchandise trade in 20188
World trade in commercial services in 20189
Trends in world trade, 2008-2018 10
Developing economies 12
Global trade: World maps14
III.World trade developments, 2018-201916
General trends in world trade in 201818
World trade and GDP in early 2019 25
IV.Trade in merchandise and commercial services28
Merchandise trade 30
Trade in commercial services36
Global value chains, 2005-201542
Digital trade44
V.Leading traders and the role of developing economies in world trade 46Leading players48
Regional performance52
Regional trade agreements (RTAs)55
Developing economies57
Least-developed countries62
VI.Trade policy developments66
Trade monitoring68
Trade Facilitation Agreement70
Applied tariffs 73
Aid for Trade 75
Trade nance76
VII.Composition, denitions & methodology78
Composition of geographical and economic groupings80Denitions and methodology84
Trade policy indicators91
Specic notes for selected economies92
Statistical sources93
VIII.Statistical tables 94
Abbreviations and Symbols 174
World Trade Statistical Review 2019
1World Trade Statistical Review 2019
10Acknowledgements4
A message from Director-General Roberto Azevêdo5Chapter I
Introduction
2World Trade Statistical Review 2019
113Acknowledgements
This publication has been prepared under the direction of Robert Koopman, Director of the Economic Research and Statistics Division, and Andreas Maurer, Chief of the International Trade Statistics Section. The coordination of the report was undertaken by Ninez Piezas-Jerbi. Statistical research, data compilation and the preparation of estimates were conducted by Barbara d"Andrea-Adrian, Alejandra Barajas Barbosa, Lori Chang, Christophe Degain, Florian Eberth, Antonella Liberatore, Kathryn Lundquist, Coleman Nee, Ninez Piezas-Jerbi and Ying Yan with the assistance ofSonia Bouali and Carlo Gambaré.
Contributions to this publication were also provided by the WTO"s Aid for Trade Unit, the Market Access Division, the Market Access Intelligence Section, the Economic Research Group and the Trade Monitoring Section of the Trade Policies Review Division. The International Trade Statistics Section also wishes to thank colleagues from the Information and External Relations Division (IERD) and the LanguagesDocumentation and Information Management Division
(LDIMD) whose collaboration is vital in the production of this report. In particular, recognition is due to Anthony Martin, Serge Marin-Pache and Steve Cooper in IERD and to the French and Spanish translators in LDIMD. Finally, we wish to thank the users of WTO statistics for their constructive suggestions on how to improve our statistical output. This regular feedback allows us to constantly rene the data we provide.World Trade Statistical Review 2019
4A message from Director-General
Roberto Azevêdo
At a time of great uncertainty for global
trade, the role of trade statistics takes on a renewed signicance. Governments need the latest data to take informed decisions and to determine the best direction of trade policy for the benet of the people they represent. The WTO"s data-gathering role plays a big part in meeting this need. World merchandise trade grew by 3.0 per cent in 2018, slightly exceeding GDP. This was signicantly lower than the 4.6 per cent growth recorded in 2017. This loss of momentum is partly due to increasing trade tensions and historically high levels of trade restrictions. The WTO"s latest trade monitoring report conrms that trade- restrictive measures are on the rise. Trade covered by import- restrictive measures recorded in the last trade monitoring report (mid-October 2018 to mid-May 2019) is estimated at US$ 339.5 billion. This is the second-highest gure on record, after the US$ 588.3 billion reported in the previous report (mid-October 2017 to mid-October 2018). If trade is to pick up in 2019-20, trade tensions must be resolved. Trade continues to be concentrated. The ten leading traders in 2018 represented more than half of world trade, with the top ve accounting for around 37 per cent of global transactions. Developing economies are playing an increasingly important role in world trade, with signicant increases in their rankings among the world"s leading exporters and importers. There are also increasing levels of trade between developing economies. In 2018, this represented over 50 per cent of their merchandise exports. However, the merchandise exports of the least- developed countries remained at a meagre US$ 193 billion, representing less than 1 per cent of world exports. In nominal terms, high energy prices contributed to growth in merchandise exports in 2018. Exports of fuels and miningproducts grew by 23 per cent while manufactured goods and agricultural products grew by 8 per cent and 5 per cent
respectively. Overall, merchandise exports grew by 10.0 per cent, down from 10.7 per cent in 2017. In contrast, world trade in commercial services grew by 8 per cent, recording strong growth for the second consecutive year. Goods- related services registered the strongest expansion, at 11 per cent, while the weakest growth was in transport services. Worldwide networks for the production of goods continue to grow in importance, with developing economies playing an increasing role. Asian economies have become major players in global value chains. Viet Nam and the Philippines have seen growth in GVC participation while for Singapore over60 per cent of its trade involves exchanges among GVCs.
While this publication sheds light on the latest trends in trade, the increasing use of new technologies and online transactions begs the question as to whether we have the right data to measure these trends. Are existing trade statistics and product classications up-to-date for quantifying and identifying emerging products and services? As technology has helped to create new business models and products, it is essential that these are sufciently captured. The WTO is currently working in collaboration with national and international authorities, the private sector, consumers and academia to increase our understanding of this area. I would like to thank everyone who has worked on this report. We hope it provides useful insights into world trade for WTO members and all those involved in trade analysis.Roberto Azevêdo
Director-General
Chapter I:
Introduction
5World Trade Statistical Review 2019
10World merchandise trade in 20188
World trade in commercial services in 20189
Trends in world trade, 2008-201810
Developing economies 12
Global trade: World maps 14
Chapter II
Highlights of
world trade 6World Trade Statistical Review 2019
117World merchandise trade in 2018
The volume of world merchandise trade, as measured by the average of exports and imports, grew by 3.0 per cent in 2018, just above the 2.9 per cent increase in world GDP over the same period. US$ 19.67 trillionValue of world
merchandise trade in 2018 US$ 193billion
Merchandise exports
of least-developed countries in 2018Clothing
Clothing was the most
dynamic product among manufactured goods, with an increase of3.3 per cent in 2018.
Merchandise
tradeThe value of
merchandise trade increased by 10 per cent in 2018. The increase in exports was mostly driven by high energy prices while Asia was the main contributor to an increase in global imports.World merchandise
exports of fuels and mining products, manufactured goods and agriculture grew by 23 per cent, 8 per cent and 5 per cent respectively.Developing economies
exported a total of US$8,779 billion in 2018,
of which US$ 193 billion were from least- developed countries. ChinaWorld"s leading
merchandise trader in 2018World Trade Statistical Review 2019
8 16.2%Growth of least-
developed countries" services exports in 2018US$ 5.63 trillionValue of world trade
in commercial services in 2018 17%Growth in world exports
of computer services in 2018Commercial
services tradeInformation and
communication technology recorded the highest export growth (15 per cent) among services sectors in 2018, led by computer services.Growth in exports of
commercial services was highest in theCommonwealth of
Independent States
(12 per cent) in 2018, partly due to the FIFAWorld Cup in Russia.
China was the leading
exporter of commercial services (by value) among developing countries, with exports increasing by 17% in 2018.United States
World"s leading
commercial services trader in 2018World trade in commercial services in 2018
Trade in commercial services recorded strong growth for the second year in a row, rising by 8 per cent.Chapter II:
Highlights of world trade
9 World merchandise trade volumeWorld real GDP at market exchange rates80859095
100105110115120125130
Trends in world trade, 2008-2018
15 -232220 021-13 -31110 0 Agricultural productsFuels and mining productsManufactures 13 -11913377-4188 0
100020003000400050006000
TransportTravelOther commercial servicesGoods-related servicesChart 2.2
World merchandise exports by product group
and annual growth, 2008-2018 (US$ billion and average annual percentage change)Chart 2.1
World merchandise trade volume and real GDP at market exchange rates, 2008-2018 (Indices, 2008=100)Chart 2.3
World exports in commercial services by sector and annual growth, 2008-2018 (US$ billion and average annual percentage change) * Provisional estimate.Source: WTO estimates.
Source: WTO-UNCTAD-ITC estimates.Source: WTO estimates, IMF World Economic Outlook.World exports of merchandise trade
have increased by 20 per cent in value terms since 2008. Exports of manufactured goods grew at an average annual rate of 2.3 per cent.World trade and GDP have grown in
tandem for the last ten years. Both have increased by 26 per cent since 2008.World exports of commercial services
have increased by 46 per cent in value terms since 2008 and services exports grew by an average annual rate of 3.9 per cent.Trade and GDP
World Trade Statistical Review 2019
10Chart 2.4
World"s leading traders of goods and services, 2008 and 2018 (US$ billion)Source: WTO-UNCTAD-ITC estimates.
Over the past ten years, Hong Kong China, India, Mexico and Ireland rose the most in world rankings among the top 20 traders of goods and services.Which sectors
increased or declined the most?Top 2020082018United StatesUnited States
GermanyChina
ChinaGermany
JapanJapan
FranceFrance
United KingdomUnited Kingdom
NetherlandsNetherlands
ItalyHong Kong, China
Korea, Republic ofKorea, Republic of
CanadaItaly
SpainIndia
Russian FederationSingapore
SingaporeCanada
BelgiumMexico
Hong Kong, ChinaSpain
IndiaBelgium
MexicoRussian Federation
SwitzerlandSwitzerland
Chinese Taipei
Chinese TaipeiIreland
Ireland
Global trade in
professional and management consulting services increased at an average annual rate of6.5% from 2008 to 2018.
6.5%World exports of sea
transport services declined at an average annual rate of 1% between 2008 and 2018.quotesdbs_dbs46.pdfusesText_46[PDF] sorec programme pdf demain
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