Introduction To International Trade Figures

date of issue:2019-06-19     Source: Agrow
The volume of world trade, also known as international trade figures, is an indicator of the scale of world trade in a certain period of time expressed in terms of currency, and is the sum of the export trade volume of countries (regions) in the world in a certain period of time.

Statistics on international trade data must be converted into the same currency after the countries (regions) of the world are converted into the same currency. At the same time, special attention must be paid not to simply add the foreign trade volume of countries (regions) around the world, but only to increase the export value of countries (regions) around the world. Because the export of one country is the import of another country, if the import and export volume of the countries (regions) of the world is added, it will cause double counting. In addition, most countries (regions) statistical export volume is calculated by FOB price, statistical import value is calculated by CIF price, CIF price is more than freight and insurance premium than FOB price, so the export value of countries (regions) of the world is added, which can more accurately reflect the actual scale of international trade.
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