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World Trade Statistics 2017
According to the Ministry of Commerce, in August 1st, WTO released the foreign trade data statistics report. From the trade volume, 2007-2017, import & export data in goods and services grew nearly 1 times; after moderate growth of 2012-2014 years after the 2016 decline, and the decline in product prices are the main factors leading to the decline of import & export data trade in 2017, the world energy prices fell by 45%. From a regional perspective, Asia, Europe and North America accounted for WTO members of trade in goods for 88% of the total exports of developing countries in the proportion rose from 33% in 2015 to 42% in 2005; at the same time, 10 years, foreign trade data between developing countries increased from 41% to 52%. In 2017, exports of goods, export volume of the top 10 countries accounted for 52% of total exports, developing countries accounted for 42% of the members of WTO total exports amounted to $16 trillion and 200 billion; the service trade exports, exports of the top 10 export countries accounted for 53% of total exports, developing countries accounted for 36% of total exports, the members of WTO $4 trillion and 680 billion.
In 2017, the world foreign trade data showed weak trend, overall growth of world trade growth and the world 2.7%, GDP (2.4%) are basically the same. However, the export price fell 15%, the amount of foreign trade in goods (in US dollars) fell 13% to $16 trillion; the world commercial services exports amounted to $4 billion 754 million, down 6%. The weakness of foreign trade data in 2017 was mainly due to the decline of China’s economy, the severe recession of Brazil’s economy, the sharp decline in the price of crude oil and the instability of exchange rate. Import demand in Asia and resource based economies slowed in 2017, while imports increased in the US and europe.