Handbook of global merchandise trade statistics 2021 From United Nations Conference on Trade and development

The following is the Handbook of global merchandise trade statistics 2021 From United Nations Conference on Trade and development recommended by recordtrend.com. And this article belongs to the classification: global economy , research report.

The latest UNCTAD Statistical Manual 2021 predicts that the global commodity trade volume this year will grow strongly by 22.4% compared with 2020. This strong growth will push the volume of world trade in goods about 15% higher than before the new crown pandemic.

However, although trade in services is expected to increase by 13.6% in 2021 after a deep contraction in 2020, it will still be lower than the level before the pandemic.

In 2020, trade in goods and services will both fall sharply

In 2020, the world commodity trade decreased by 7.4%, and the total global exports reached US $17.6 trillion, a decrease of US $1.4 trillion over the previous year. This is the biggest annual decline since 2009, when trade fell by 22%.

The volume of Global trade in services decreased even more, shrinking by 20% in 2020 compared with 2019, the largest decline in trade in services since its record. In contrast, after the global financial crisis in 2009, the volume of trade in services decreased by 9.5%.

The recovery of service trade slows down in 2021

Global commodity trade has recovered rapidly and exceeded its pre crisis level by the end of 2020. However, the growth rate will gradually slow down during 2021.

For Global trade in services, it is expected that the recovery path in the first six months of 2021 will continue strongly until the third quarter of 2021, an increase of 23% compared with the low level in the same period of 2020.

The growth rate of trade in services is expected to slow down in the fourth quarter of 2021, and the industry has not yet reached its pre pandemic level.

In the service industry, tourism was the most seriously affected, with a decline of 63% in 2020, seriously disrupting the tourism oriented economy. International transport sales (including passenger and freight) fell by 20% last year.

Exports of commercial, intellectual property, financial and insurance services showed stronger resilience, down 3%. At the same time, trade in telecommunications, computers and information services continued to grow during the new crown pandemic, with the exception of Africa.

In addition, in 2020, the new crown pandemic seriously affected international maritime trade, disrupted operations and put pressure on the supply chain, and the volume of maritime trade decreased by 3.8%.

In addition, global FDI flows fell sharply by 35% in 2020, nearly 20% lower than the record level after the global financial crisis in 2009.

If you want to get the full report, you can contact us by leaving us the comment. If you think the information here might be helpful to others, please actively share it. If you want others to see your attitude towards this report, please actively comment and discuss it. Please stay tuned to us, we will keep updating as much as possible to record future development trends.

RecordTrend.com is a website that focuses on future technologies, markets and user trends. We are responsible for collecting the latest research data, authority data, industry research and analysis reports. We are committed to becoming a data and report sharing platform for professionals and decision makers. We look forward to working with you to record the development trends of today’s economy, technology, industrial chain and business model.Welcome to follow, comment and bookmark us, and hope to share the future with you, and look forward to your success with our help.