Updated Global Trade and Tariff Statistics Tools Available from WTO
The World Trade Organization released Oct. 24 its annual package of trade and tariff data, which provides detailed statistics on import/export flows and tariff rates in 2012. This year’s package includes additional data in an effort to more accurately reflect global trade flows and thus serve as a more reliable foundation for trade policies.
International Trade Statistics 2013 is a comprehensive overview of world trade up to the end of 2012 that covers merchandise and services trade. Through the use of charts and maps, this publication illustrates noteworthy trends in global trade with links to numerous tables containing more detailed information. It is currently available in electronic format, with a print version to follow in November.
For the first time this year, the report also covers trade measured in value-added terms for both goods and services trade in global value or production chains. The WTO states that by providing this data it seeks to address the distortion that may result from attributing the full commercial value to the last country of origin.
World Tariff Profiles, a joint publication of the WTO, the International Trade Center and the United Nations Conference on Trade and Development, provides comprehensive tariff information on all WTO members and a number of other countries. For each country the report summarizes the market access offered to imports and the market access conditions its products face in its major export markets. The profiles include both maximum tariff rates that are legally bound in the WTO and the rates actually applied. This year’s report includes a technical annex focusing on WTO members’ participation in regional trade agreements, with complementary data provided on tariff elimination in RTAs notified under the WTO’s transparency mechanism. An electronic copy of this publication is available in PDF format here.
Trade Profiles 2013 provides the latest information on trade flows and the trade policy measures of WTO members, observers and other selected economies. The data provided includes basic economic indicators (such as gross domestic product), trade policy indicators (such as tariffs, import duties, the number of disputes, notifications outstanding and contingency measures in force), merchandise trade flows (broken down by broad product categories and major origins and destinations), services trade flows (with a breakdown by major components) and industrial property indicators. Profiles can be accessed here.
Services Profiles 2013, issued for the first time this year, provides statistics on key infrastructure services (transportation, telecommunications, finance and insurance) for 140 economies. Coverage will be gradually expanded in future editions. This report is available here.