Global Trade Watch : Trade Developments in 2015
After sharply declining in the first half of 2015, world trade began to grow, albeit at a slow pace. Preliminary data indicate that merchandise import growth was 1.7 percent in 2015, down from 3 percent in 2014. Recent trade developments should be...
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| Format: | Report |
| Language: | English en_US |
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World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2016/03/26040867/global-trade-watch-trade-developments-2015 http://hdl.handle.net/10986/23889 |
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okr-10986-238892021-06-18T09:02:30Z Global Trade Watch : Trade Developments in 2015 Constantinescu, Cristina Mattoo, Aaditya Ruta, Michele GROWTH RATES TRADE VOLUMES MERCHANDISE PARTICULAR COUNTRY PRODUCTION TRADE EFFECTS TRADE VALUES EXPECTATIONS EMERGING ECONOMIES EXCHANGE REAL GDP BALANCE OF PAYMENTS CONSUMER GOODS PROTECTIONIST EXPORTS SERVICES MARKETS ELASTICITY TRADE FLOWS EXPORTERS DEVELOPING ECONOMIES ECONOMIC POLICY TRADE REFORMS PRICE INPUTS PAYMENTS PRICE UNCERTAINTY INDUSTRIAL PRODUCTION MERCHANDISE TRADE TRENDS ECONOMIC OUTLOOK FINAL GOODS ADVANCED COUNTRIES GROSS EXPORTS IMPORT DATA INFLUENCE EXPORT GROWTH ADVANCED ECONOMIES MERCHANDISE IMPORT REGIONAL TRADE SPECIALIZATION PRODUCTS COMMODITY EXPORTERS EMERGING MARKET EXPORT VOLUME CAPITAL OUTFLOWS PRICE DECLINES MARKETS WTO IMPORT VOLUME IMPORTS PRODUCT INVENTORIES GROSS DOMESTIC PRODUCT INVENTORY COMMODITY PRICE LIBERALIZATION EXPORT VALUE EXPENDITURE EMERGING MARKETS PROTECTIONIST MEASURES TRADE VOLUME COMMODITY EXPORTS CONSUMPTION VALUE ADDED TRAVEL WAGES INTERNATIONAL TRADE FINANCIAL CRISIS EXPORT COMPETITIVENESS MERCHANDISE EXPORTS FUTURE VALUE COMPETITIVENESS IMPORT VALUES DEMAND AGGREGATE DEMAND INTERMEDIATE GOODS INCOMES TOURISM SHARE OF CAPITAL MEASUREMENT FOREIGN VALUE MARKET TRADE LIBERALIZATION SUPPLY CHAIN TERMS OF TRADE OUTPUT CAPITAL GOODS EXPOSURE TRADE VALUE REGIONAL INTEGRATION TRADE GDP EXPORT PRICE GOODS SUPPLY CHAINS GLOBAL IMPORTS GLOBAL TRADE GROWTH RATE VERTICAL SPECIALIZATION INVESTMENT MERCHANDISE IMPORTS SHARE GLOBAL OUTPUT ADVERSE IMPACT SUPPLY ADVERSE EFFECT EXPORT VOLUMES EXPORT BASKET WORLD TRADE COMMODITIES EXCHANGE RATE COUNTRY OF ORIGIN INDUSTRIAL SECTOR COMMODITY PRICES COMMODITY IMPORT VALUE GLOBAL ECONOMIC PROSPECTS PRICES VALUE OF EXPORTS MERCHANDISE EXPORT After sharply declining in the first half of 2015, world trade began to grow, albeit at a slow pace. Preliminary data indicate that merchandise import growth was 1.7 percent in 2015, down from 3 percent in 2014. Recent trade developments should be seen in the context of a deceleration in trade growth since the early 2000s, and particularly since the global financial crisis. These developments reflected a combination of old and new cyclical factors as well as enduring structural determinants, such as the maturation of global value chains and the slower pace of trade liberalization. In particular, trade developments in Latin America and Eastern Europe and Central Asia mostly reflected lower imports of recession hit commodity exporters such as Brazil and Russia. Latin America contributed 6 percent to the downward pull in global imports in 2015. Except for Japan, imports and exports of advanced economies did not show signs of a significant downturn, but were sluggish. Lower commodity prices have reduced real incomes in commodity producers and led to a contraction in their imports from all regions, including China. At the same time, the gradual shift from investment to consumption in China, and the more significant contraction in its industrial production seen in early 2015, have reduced its imports from other regions, including commodity producers. 2016-03-09T15:03:01Z 2016-03-09T15:03:01Z 2016-03-09 Report http://documents.worldbank.org/curated/en/2016/03/26040867/global-trade-watch-trade-developments-2015 http://hdl.handle.net/10986/23889 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper |
| repository_type |
Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
| language |
English en_US |
| topic |
GROWTH RATES TRADE VOLUMES MERCHANDISE PARTICULAR COUNTRY PRODUCTION TRADE EFFECTS TRADE VALUES EXPECTATIONS EMERGING ECONOMIES EXCHANGE REAL GDP BALANCE OF PAYMENTS CONSUMER GOODS PROTECTIONIST EXPORTS SERVICES MARKETS ELASTICITY TRADE FLOWS EXPORTERS DEVELOPING ECONOMIES ECONOMIC POLICY TRADE REFORMS PRICE INPUTS PAYMENTS PRICE UNCERTAINTY INDUSTRIAL PRODUCTION MERCHANDISE TRADE TRENDS ECONOMIC OUTLOOK FINAL GOODS ADVANCED COUNTRIES GROSS EXPORTS IMPORT DATA INFLUENCE EXPORT GROWTH ADVANCED ECONOMIES MERCHANDISE IMPORT REGIONAL TRADE SPECIALIZATION PRODUCTS COMMODITY EXPORTERS EMERGING MARKET EXPORT VOLUME CAPITAL OUTFLOWS PRICE DECLINES MARKETS WTO IMPORT VOLUME IMPORTS PRODUCT INVENTORIES GROSS DOMESTIC PRODUCT INVENTORY COMMODITY PRICE LIBERALIZATION EXPORT VALUE EXPENDITURE EMERGING MARKETS PROTECTIONIST MEASURES TRADE VOLUME COMMODITY EXPORTS CONSUMPTION VALUE ADDED TRAVEL WAGES INTERNATIONAL TRADE FINANCIAL CRISIS EXPORT COMPETITIVENESS MERCHANDISE EXPORTS FUTURE VALUE COMPETITIVENESS IMPORT VALUES DEMAND AGGREGATE DEMAND INTERMEDIATE GOODS INCOMES TOURISM SHARE OF CAPITAL MEASUREMENT FOREIGN VALUE MARKET TRADE LIBERALIZATION SUPPLY CHAIN TERMS OF TRADE OUTPUT CAPITAL GOODS EXPOSURE TRADE VALUE REGIONAL INTEGRATION TRADE GDP EXPORT PRICE GOODS SUPPLY CHAINS GLOBAL IMPORTS GLOBAL TRADE GROWTH RATE VERTICAL SPECIALIZATION INVESTMENT MERCHANDISE IMPORTS SHARE GLOBAL OUTPUT ADVERSE IMPACT SUPPLY ADVERSE EFFECT EXPORT VOLUMES EXPORT BASKET WORLD TRADE COMMODITIES EXCHANGE RATE COUNTRY OF ORIGIN INDUSTRIAL SECTOR COMMODITY PRICES COMMODITY IMPORT VALUE GLOBAL ECONOMIC PROSPECTS PRICES VALUE OF EXPORTS MERCHANDISE EXPORT |
| spellingShingle |
GROWTH RATES TRADE VOLUMES MERCHANDISE PARTICULAR COUNTRY PRODUCTION TRADE EFFECTS TRADE VALUES EXPECTATIONS EMERGING ECONOMIES EXCHANGE REAL GDP BALANCE OF PAYMENTS CONSUMER GOODS PROTECTIONIST EXPORTS SERVICES MARKETS ELASTICITY TRADE FLOWS EXPORTERS DEVELOPING ECONOMIES ECONOMIC POLICY TRADE REFORMS PRICE INPUTS PAYMENTS PRICE UNCERTAINTY INDUSTRIAL PRODUCTION MERCHANDISE TRADE TRENDS ECONOMIC OUTLOOK FINAL GOODS ADVANCED COUNTRIES GROSS EXPORTS IMPORT DATA INFLUENCE EXPORT GROWTH ADVANCED ECONOMIES MERCHANDISE IMPORT REGIONAL TRADE SPECIALIZATION PRODUCTS COMMODITY EXPORTERS EMERGING MARKET EXPORT VOLUME CAPITAL OUTFLOWS PRICE DECLINES MARKETS WTO IMPORT VOLUME IMPORTS PRODUCT INVENTORIES GROSS DOMESTIC PRODUCT INVENTORY COMMODITY PRICE LIBERALIZATION EXPORT VALUE EXPENDITURE EMERGING MARKETS PROTECTIONIST MEASURES TRADE VOLUME COMMODITY EXPORTS CONSUMPTION VALUE ADDED TRAVEL WAGES INTERNATIONAL TRADE FINANCIAL CRISIS EXPORT COMPETITIVENESS MERCHANDISE EXPORTS FUTURE VALUE COMPETITIVENESS IMPORT VALUES DEMAND AGGREGATE DEMAND INTERMEDIATE GOODS INCOMES TOURISM SHARE OF CAPITAL MEASUREMENT FOREIGN VALUE MARKET TRADE LIBERALIZATION SUPPLY CHAIN TERMS OF TRADE OUTPUT CAPITAL GOODS EXPOSURE TRADE VALUE REGIONAL INTEGRATION TRADE GDP EXPORT PRICE GOODS SUPPLY CHAINS GLOBAL IMPORTS GLOBAL TRADE GROWTH RATE VERTICAL SPECIALIZATION INVESTMENT MERCHANDISE IMPORTS SHARE GLOBAL OUTPUT ADVERSE IMPACT SUPPLY ADVERSE EFFECT EXPORT VOLUMES EXPORT BASKET WORLD TRADE COMMODITIES EXCHANGE RATE COUNTRY OF ORIGIN INDUSTRIAL SECTOR COMMODITY PRICES COMMODITY IMPORT VALUE GLOBAL ECONOMIC PROSPECTS PRICES VALUE OF EXPORTS MERCHANDISE EXPORT Constantinescu, Cristina Mattoo, Aaditya Ruta, Michele Global Trade Watch : Trade Developments in 2015 |
| description |
After sharply declining in the first
half of 2015, world trade began to grow, albeit at a slow
pace. Preliminary data indicate that merchandise import
growth was 1.7 percent in 2015, down from 3 percent in 2014.
Recent trade developments should be seen in the context of a
deceleration in trade growth since the early 2000s, and
particularly since the global financial crisis. These
developments reflected a combination of old and new cyclical
factors as well as enduring structural determinants, such as
the maturation of global value chains and the slower pace of
trade liberalization. In particular, trade developments in
Latin America and Eastern Europe and Central Asia mostly
reflected lower imports of recession hit commodity exporters
such as Brazil and Russia. Latin America contributed 6
percent to the downward pull in global imports in 2015.
Except for Japan, imports and exports of advanced economies
did not show signs of a significant downturn, but were
sluggish. Lower commodity prices have reduced real incomes
in commodity producers and led to a contraction in their
imports from all regions, including China. At the same time,
the gradual shift from investment to consumption in China,
and the more significant contraction in its industrial
production seen in early 2015, have reduced its imports from
other regions, including commodity producers. |
| format |
Report |
| author |
Constantinescu, Cristina Mattoo, Aaditya Ruta, Michele |
| author_facet |
Constantinescu, Cristina Mattoo, Aaditya Ruta, Michele |
| author_sort |
Constantinescu, Cristina |
| title |
Global Trade Watch : Trade Developments in 2015 |
| title_short |
Global Trade Watch : Trade Developments in 2015 |
| title_full |
Global Trade Watch : Trade Developments in 2015 |
| title_fullStr |
Global Trade Watch : Trade Developments in 2015 |
| title_full_unstemmed |
Global Trade Watch : Trade Developments in 2015 |
| title_sort |
global trade watch : trade developments in 2015 |
| publisher |
World Bank, Washington, DC |
| publishDate |
2016 |
| url |
http://documents.worldbank.org/curated/en/2016/03/26040867/global-trade-watch-trade-developments-2015 http://hdl.handle.net/10986/23889 |
| _version_ |
1764455125377613824 |