What is WTO data?
The World Trade Organization (WTO) deals with the global rules of trade. This portal gives access to a selection of key databases offering statistics and information on different trade-related measures under its purview.
What are the recent trends in world trade 2021?
“The positive trend for international trade in 2021 is largely the result of the strong recovery in demand due to subsiding pandemic restrictions, economic stimulus packages, and increases in commodity prices,” it says. It also warns that the forecast for 2022 remains very uncertain.
What does merchandise trade include?
Definition. According to United Nations guidelines, international merchandise trade statistics record all goods which add to, or subtract from, the stock of material resources of a country by entering (as imports) or leaving (as exports) its economic territory.
What country has the most international trade?
Largest countries by total international trade
| Rank | State | International trade of goods (billions of USD) |
|---|---|---|
| – | World | 32,430 |
| – | European Union | 3,821 |
| 1 | United States | 3,706 |
| 2 | China | 3,686 |
Who exported India?
India’s main export partners are: United States (15 percent of the total exports), United Arab Emirates (11 percent), Hong Kong (5 percent), China (4 percent), Singapore (4 percent) and United Kingdom (3 percent).
How does the WTO promote global free trade?
The WTO’s main aim is to promote free trade by lowering tariffs and other barriers. It does this through agreements negotiated and signed by most of the world’s trading nations. The WTO then polices these agreements to make sure all nations stick to the rules.
What does the WTO do for international trade?
STATISTICS. Trade and tariff data. The WTO provides quantitative information in relation to economic and trade policy issues. Its data-bases and publications provide access to data on trade flows, tariffs, non-tariff measures (NTMs) and trade in value added.
How do I extract merchandise trade data from WTO data?
To extract in WTO Data, select “International Trade Statistics” → “Merchandise trade values”, then select all annual datasets, click Apply, then on the CSV icon. See image here. Trade flows include domestic exports, re-exports, and retained imports. Commodity groups are based on the SITC product nomenclature.
What is the WTO-OECD balanced trade in services dataset?
13 January 2021 – The new WTO-OECD Balanced Trade in Services (BaTIS) dataset is a complete, consistent and balanced matrix of international trade in services statistics (ITSS). It contains annual bilateral data covering 202 reporters and partners, broken down by the 12 main EBOPS2010 (BPM6) categories.
How do I download bulk data for international trade?
The majority of the data available for bulk download are now accessible in the WTO Data database. To extract in WTO Data, select “International Trade Statistics” → “Merchandise trade values”, then select all annual datasets, click Apply, then on the CSV icon. See image here.