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Trends in world trade: Looking back over the past ten years
Chapter II
World merchandise trade and trade in commercial services, 2005-2015
World merchandise trade growth in value terms, 2005-2015
Merchandise trade of WTO members by region, 2005-2015
Merchandise exports of developing economies, 2005 and 2015
Economies by size of merchandise trade, 2015
Economies by size of trade in commercial services, 2015
10
11
12
13
14
15
15,000
9,000
18,000
12,000
6,000
3,000
20,000
Bil
lio
n U
S d
oll
ar
14,000
8,000
17,000
11,000
5,000
2,000
19,000
13,000
7,000
16,000
10,000
4,000
1,000
2005 2006 2007 2010 20132008 2011 20142009 2012 2015
9,000
12,000
8,000
11,000
,
10,000
Bil
lio
n U
S d
oll
ar
20 2007005 2006
6,000
5,000
3,000
2,000
4,000
1,000
World Trade Statistical Review 2016
10
The value of merchandise trade and trade in commercial services declined in 2015 following modest growth in 2012 to 2014.
The value of merchandise trade and trade in commercial services in 2015 is nearly twice as high as in 2005.
Trade in commercial servicesMerchandise trade
World merchandise trade and trade in commercial services, 2005-2015
World merchandise trade and trade in commercial services, 2005-2015
20
10
0
-10
15
5
-5
-15
-20
2005 2006 2007 2010 20132008 2011 20142009 2012 2015
10
15
208 2009
An
nu
al
pe
rce
nta
ge
ch
an
ge
0
5
-5
0
5
ha
ng
e 5
18%
24%
27%
2005 2006 2007 2010 20132008 2011 20142009 2012 2015
21%
Trends in world trade: Looking back over the past ten years
11
A decline in world commodity prices had a significant impact on the value of global merchandise trade in 2015. World energy prices
dropped by 45% in 2015.
45%
The ratio of merchandise trade to GDP fell sharply in 2009 following the economic crisis but bounced back quickly in 2010-2011. In 2012-2014 it declined gradually, before falling significantly in 2015.
Ratio of world merchandise trade to GDP, 2005-2015
Note: Merchandise trade to GDP ratio is estimated as merchandise trade (average of exports and imports values) divided by GDP, measured in nominal dollar terms at market exchange rates.
World merchandise trade growth in value terms, 2005-2015
Growth of world merchandise trade, 2005-2015
Exports Imports
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
World Trade Statistical Review 2016
12
The share of developing economies in merchandise exports increased from 33% in 2005 to 42% in 2015.
Asia, Europe and North America have accounted for 88% in total merchandise trade of WTO members over the past ten years.
Merchandise trade of WTO members by region, 2005-2015(percentage share, %)
Merchandise trade of WTO members by region, 2005-2015
North America South America Europe Commonwealth of Independent States Africa Middle East Asia
Trends in world trade: Looking back over the past ten years
13
Merchandise trade between developing economies has increased from 41% to 52% of their global tradein the last ten years.
2005
2015
Merchandise exports of developing economies, 2005 and 2015
41%
52%
55%
43%
3%
3%
1%
2%
To developed economies
To developed economies
To Commonwealth of Independent States (CIS)
To Commonwealth of Independent States (CIS)
To developing economies
To developing economies
Not elsewhere specified
Not elsewhere specified
World Trade Statistical Review 2016
14
The top ten merchandise traders accounted for 52% of the world’s total trade in 2015.
Developing economies had a 42% share in world merchandise trade in 2015.
Merchandise exports of WTO
members totalled US$ 16.2 trillion
in 2015.
52% 42%US$16.2 tn
Economies by size of merchandise trade, 2015
0 - 125
125 - 250
250 - 500
> 500
Billion US Dollars
Note: Merchandise trade is calculated as an average of exports and imports and including significant re-exports or imports for re-export.
Billion US Dollars
0 - 10
10 - 25
25 - 50
> 50
Trends in world trade: Looking back over the past ten years
15
The top ten traders in commercial services accounted for 53% of the world’s total trade in 2015.
Developing economiesaccounted for 36% of total trade in commercialservices in 2015.
Exports of commercial
services by WTO members totalled
US$ 4.68 trillionin 2015.
53% 36%US$ 4.68 tn
Economies by size of trade in commercial services, 2015