The World Trade Organization (WTO) released on Friday (31.07.2020) the latest edition of its annual publication on international trade statistics, exploring the latest trends in global trade, with an in-depth analysis of trade in goods and services and in terms of value added.
La Statistical Review of World Trade 2020 points out the Major changes in recent years, highlighting the top traders, the best-performing regions, the most traded goods and services, and the performance of less developed countries. The publication also analyses the impact of Covid-19 on global trade and the outlook for 2020.
In an introduction to the publication, Director-General Roberto Azevêdo says: “The WTO plays a critical role in collecting and analysing trade data. While the ongoing pandemic represents a dramatic break with almost all recent economic trends, the fact remains that patterns in global trade offer useful insights into what the future may hold.”
The report analyses changing patterns in global trade across a range of sectors, pointing to areas that have seen significant changes in recent years. These include:Trade in renewable energy goods, such as solar panels and electric cars, and trade in plastics. It also focuses on the impact of trade tensions on sectors such as iron and steel and the effects of the Covid-19 pandemic on areas such as tourism.
The analytical chapters of the report are complemented by 65 tables that provide a detailed breakdown of various aspects of merchandise trade and trade in commercial services.
Merchandise trade data in the report were compiled in collaboration with the United Nations Conference on Trade and Development (UNCTAD), while commercial services data were produced jointly with UNCTAD and the International Trade Centre (ITC) in cooperation with the United Nations Statistics Division.
The WTO also provides short-term business data Through the page WTO statistics website. Time series data on trade in goods and commercial services, annually, can also be downloaded here
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