Trends in world trade: Looking back over the past ten years

Chapter II

Merchandise trade

Trade in commercial services

Regional trade agreements

WTO membership

Economies by size of merchandise trade, 2016

Economies by size of trade in commercial services, 2016

10

11

12

13

14

15

20000

15000

10000

5000

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

0

Manufactured goods Fuels and mining products Agricultural products

175

200

150

125

100

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

75

Manufactured goods Fuels and mining products Agricultural products

World Trade Statistical Review 2017

10

World exports of manufactured goods increased from US$ 8 trillion in 2006 to US$ 11 trillion in 2016.

World exports of fuels and mining products have declined by 10% since 2006.

World exports of agricultural

products increased by

an average of

World exports of agricultural products have

increased by 70% since 2006.

per year.5%

70%

World merchandise trade by major product grouping, 2006-2016 (US$ billion)

World merchandise trade by major product grouping, 2006-2016 (Index 2006 = 100)

Note: World trade is calculated as an average of exports and imports of merchandise trade.

Merchandise trade

5000

4000

3000

2000

1000

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

0

Transport

Transport

Travel

Travel

Other commercial services

Other commercial services

Goods-related services

Goods-related services

180

200

160

140

100

120

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Chapter II | Trends in world trade: Looking back over the past ten years

11

World exports of commercial services totalled US$ 4.8 trillion in 2016, up from US$ 2.9 trillion in 2006.

Travel and other commercial services have increased the most, with both being 1.7 times higher than in 2006.

World trade in commercial services by category, 2006-2016 (US$ billion)

World trade in commercial services by category, 2006-2016 (Index, 2006 = 100)

Note: World trade is calculated as an average of exports and imports of commercial services.

Trade in commercial services

European Union (28)

WAEMU (West African Economic and Monetary Union)

ECOWAS (Economic Community of West African States)

Andean Community CEMAC (Economic and Monetary Community of Central Africa)

ECCAS (Economic Community of Central African States) MERCOSUR (Southern Common Market)

COMESA (Common Market for Eastern and Southern Africa)

NAFTA (North American Free Trade Agreement)

ASEAN (Association of South East Asian Nations)

SADC (Southern African Development Community)

World Trade Statistical Review 2017

12

The European Union and the North American Free Trade Agreement continue to dominate trade among regional trade agreements.

Trade within the EU represented 63% of all EU total exports in 2015. In NAFTA, ASEAN, SADC and MERCOSUR, intra-trade totalled 50%, 24%, 18% and 14% respectively.

Merchandise exports of regional trade agreements, 2006-2016 (US$ billion)

Exports within regional trade agreements, 2006-2015 a (Share, %)

a Latest period for which intra-trade data is available.

Regional trade agreements

80

90

100

70

60

50

40

30

20

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

10

0

10000

12000

8000

6000

4000

2000

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

0

Africa

Europe

Asia

Middle EastNorth America South and Central America and the Caribbean

Commonwealth of Independent States, including associate and former member states

World merchandise trade of WTO members, 2006-2016 (US$ billion)

70

60

50

100

90

80

40

30

10

20

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

0

Chapter II | Trends in world trade: Looking back over the past ten years

13

WTO members account for 98.2% of world merchandise trade. Asia, Europe and North America account for 88% of this total.

Merchandise trade of WTO members has increased to US$ 15.4 trillion, up from US$ 11.7 trillion in 2006.

Share in world merchandise trade of WTO members, 2006-2016 (Percentage, %)

Note: World trade is calculated as an average of exports and imports of merchandise trade.

WTO membership

20000

15000

10000

5000

0

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

World Trade Statistical Review 2017

14

The top 10 tradersin merchandisetrade account fora little over half ofthe world’s totaltrade in 2016.

Developing economies had a 41% share in world merchandise trade in 2016.

Merchandise exports of WTO

members totalled US$ 15.71 trillion

in 2016.

53% 41%US$ 15.71 tn

0 - 125

125 - 250

250 - 500

> 500

US$ billion

Note: Includes significant re-exports or imports for re-export.

Economies by size of merchandise trade, 2016

US$ billion

Chapter II | Trends in world trade: Looking back over the past ten years

15

The top 10 traders in world commercial services represent more than half of the world’s total trade in commercial services in 2016.

Developing economies accounted for 34% of total trade in commercial services in 2016.

Exports of commercial

services by WTO members totalled

US$ 4.73 trillionin 2016.

53% 34%US$ 4.73 tn

0 - 10

10 - 25

25 - 50

> 50

Economies by size of trade in commercial services, 2016