Global Trade Volume Data

date of issue:2019-07-11     Source: Agrow
According to the Ministry of Commerce, the WTO has released the world trade statistics report. From the global trade volume data, the world trade in goods and services nearly doubled from 2005 to 2015. After a modest rise from 2012 to 2014, world energy prices fell by 45 per cent in 2015. Regionally, Asia, Europe and North America accounted for 88% of the total trade in goods of WTO members, and the share of developing countries in exports increased from 33% in 2005 to 42% in 2015. Meanwhile, trade between developing countries rose from 41 per cent to 52 per cent in a decade. In terms of goods export, in 2015, the export volume of the top 10 countries accounted for 52% of the total export volume, while that of developing countries accounted for 42%. The total export volume of WTO member countries reached 16.2 trillion us dollars. In terms of service trade, the top 10 exporting countries accounted for 53% of the total export volume, developing countries accounted for 36%, and the total export volume of WTO member countries reached 4.68 trillion us dollars.

In 2015, according to the global trade volume data, world trade showed a weak trend -- the total volume of world trade grew at a slow rate of 2.7%, basically in line with the growth rate of world GDP (2.4%). However, as export prices fell by 15 per cent, the value of trade in goods (in dollar terms) fell by 13 per cent to $16 tn. World business services exports were $4.754 billion, down 6 percent year-on-year. The weak world trade in 2015 was mainly due to the economic downturn in China, the severe recession in Brazil, the sharp decline in the price of crude oil and other commodities and the unstable exchange rate. In 2015, the import demand of Asia and resource-based economies slowed down, while that of the us and EU strengthened.

The world trade volume data report said the total value of trade in goods was stable due to a stable dollar and a moderate rise in crude oil prices, but the outlook for the full year was not optimistic.
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