Charts and underlying data for selected figures in: Global Trade Watch 2017: Trade Defies Policy Uncertainty - Will It L CHAPTER 1 Figure 1. Growth in world goods and services trade volume Figure 2. Contributions to growth in goods export and import volumes, by country group Figure 3. Quarterly goods trade volumes Figure 4. Contribution of trade within and between regions to 2017 growth in global trade values (p Figure 5. Goods and services trade values (2005=100) Figure 6. Trade-restrictive measures Figure 7. Growth in world goods and services trade volume and real gross domestic product (GDP) Figure 9. Imports of capital goods in current U.S. dollars (excluding passenger vehicles and telephon Figure 10. Shares of value added sources of 2011 electrical equipment imports from China (in curre Figure 11. Values, volumes, and prices of world merchandise exports, 2010-2017 Figure 12. China's merchandise trade volumes: constant 2010 billion U.S. dollars, seasonally adjuste Figure 13. Vertical specialization, 1995-2014 ANNEX A. Merchandise trade, by region and over time Figure A1. Merchandise trade volumes (3-month moving average, January 2012=100) Figure A2. Merchandise trade values (3-month moving average, January 2012=100) Figure A3. Contributions to growth in goods export and import volume, by country group ANNEX B. United States: Contributions to 2017 growth of goods import values ANNEX C. European Union: Contributions to 2017 growth of goods import values Figure 1. World goods and services trade volume Percent 15.0 10.0 4.3 5.0 0.0 -5.0 -10.0 -15.0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Sources: World Bank World Development Indicators, World Bank (2018), and authors’ calculations. Note: Trade growth is the average of import and export growth rates. Return to Read Me year Growth rate 2000 12.2 2001 0.4 2002 2.8 2003 4.8 2004 10.4 2005 7.5 2006 8.8 2007 7.1 2008 2.9 2009 -11.0 2010 12.0 2011 6.7 2012 2.6 2013 2.7 2014 3.4 2015 2.9 2016 2.5 2017 4.3 Figure 2. Contributions to growth in goods export and import volumes, by country group Percentage Advanced Economies Emerging Economies points World growth rate 6 4.6 4.4 5 4 3 2 1 -1 -2 2011201220132014201520162017 2011201220132014201520162017 Exports Imports Sources: CPB World Trade Monitor and authors’ calculations. Return to Read Me World growth rate Advanced Economies Emerging Economies Exports 2011 5.2 3 2 2012 1.4 1 1 2013 2.3 1 1 2014 2.8 1 1 2015 2.3 1 1 2016 1.5 1 1 2017 4.4 2 2 Imports 2011 4.2 2 2 2012 1.2 0 1 2013 2.1 0 2 2014 2.8 2 1 2015 1.8 2 0 2016 1.5 1 0 2017 4.6 2 3 Figure 3. Quarterly goods trade volumes Percent change, q/q annualized 2012 Index (2012Q1=100, RHS) 14 120 115 2013 9 110 105 4 100 2014 95 -1 90 2015 85 -6 80 2012 2013 2014 2015 2016 2017 2016 Sources: CPB World Trade Monitor and authors’ calculations. Notes: Trade growth is the average of import and export growth rates. Return to Read Me 2017 Index (2012Q1=100, RHS) Percent change, q/q annualized 2011q4 100 2012q1 100 1 2012q2 101 4 2012q3 101 1 2012q4 101 -1 2013q1 102 4 2013q2 103 1 2013q3 103 2 2013q4 104 4 2014q1 105 2 2014q2 105 1 2014q3 106 5 2014q4 107 4 2015q1 108 2 2015q2 107 -4 2015q3 108 5 2015q4 109 3 2016q1 109 -1 2016q2 109 1 2016q3 110 2 2016q4 111 7 2017q1 113 6 2017q2 114 2 2017q3 115 6 2017q4 117 5 Figure 4. Contribution of trade within and between regions to 2017 growth in global trade values Source: International Monetary Fund Direction of Trade. Notes: Growth rate of export values (in current U.S. dollars) is computed by comparing January-November 2017 with January “Western Europe� includes western European countries and the European Union members. “East Asia� includes East Asian c Return to Read Me Contribution Western Europe intraregional 2.12 Western Europe to East Asia 0.42 Western Europe to North America 0.18 Western Europe to Other 0.50 East Asia to Western Europe 0.43 East Asia intraregional 1.80 East Asia to North America 0.46 East Asia to Other 0.59 North America to Western Europe 0.11 North America to East Asia 0.25 North America intraregional 0.49 North America to Other 0.14 Other to Western Europe 0.59 Other to East Asia 1.16 Other to North America 0.19 Other to Other 0.92 Figure 5. Goods and services trade values (2005=100) Index Goods 230 Services Transport services 210 Travel services 190 Other services 170 150 130 110 90 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Sources: CPB World Trade Monitor, World Trade Organization annual services trade database, World Trade Organization qua Note: Trade is the average of imports and exports (current billion U.S. dollars). The 2017 figures for services trade are obtaine Return to Read Me year Goods Services Transport services Travel services Other services 2005 100 100 100 100 100 2006 116 112 111 108 115 2007 133 134 134 125 139 2008 153 151 155 137 158 2009 118 135 121 124 147 2010 144 147 142 135 157 2011 171 166 158 150 178 2012 172 171 162 157 183 2013 175 182 166 169 197 2014 177 195 170 184 215 2015 155 184 153 175 205 2016 151 185 147 179 209 2017 167 196 158 192 221 rld Trade Organization quarterly services trade database and authors’ calculations. r services trade are obtained by applying an estimate of the 2017 growth rate—computed based on data for three quarters—to the 2016 for three quarters—to the 2016 trade values. Figure 6. Trade-restrictive measures Percent trade remedy initiations trade remedy initiations 450 restrictive trade measures excl. remedies restrictive trade measures excl. remedies 338 343 0.2 0.17 350 0.2 304 301 0.3 277 255 0.55 250 1.23 228 1.17 1.1 1 150 169 159 162 0.62 135 108 50 Oct. 2011 - Oct. 2012 - Nov. 2013 - Oct. 2014 - Oct. 2015 - Oct. 2016 - 2012 2013 2014 2015 2016 Oct. 2016 - Oct. 2012 Nov. 2013 Oct. 2014 Oct. 2015 Oct. 2016 Oct. 2017 Oct. 2017 Source: World Trade Organization, various issues of the “Overview of development in international trading environment.� Return to Read Me Number trade remedy restrictive trade measures remedies excl.initiations 2012 159 255 excl. remedies 2013 169 338 2014 162 304 2015 228 277 2016 135 343 Oct. 2016 - Oct. 2017 108 301 0.48 Share of world merchandise imports trade remedy restrictive trade measures remedies excl.initiations Oct. 2011 - Oct. 2012 1 0.3 0.5 Oct. 2012 - Nov. 2013 1.1 0.2 Nov. 2013 - Oct. 2014 1.17 0.2 Oct. 2016 - Oct. 2014 - Oct. 2015 1.23 0.17 Oct. 2017 Oct. 2015 - Oct. 2016 0.62 0.55 Oct. 2016 - Oct. 2017 0.5 0.48 medy initiations medy initiations Figure 7. Growth in world goods and services trade volume and real gross domestic product (GDP Percent Trade volume Real GDP (market prices) 7.0 6.0 5.0 4.3 4.0 3.0 3.0 2.0 1.0 0.0 Sources: World Bank World Development Indicators, World Bank (2018), and authors’ calculations. Note: Trade growth is the average of import and export growth rates. Return to Read Me Trade volumeReal GDP (market prices) 1980-1990 4.6 3.0 1991-2000 6.3 2.8 2001-2011 4.8 2.9 2012 2.6 2.4 2013 2.7 2.6 2014 3.4 2.8 2015 2.9 2.8 2016 2.5 2.5 2017 4.3 3.0 Figure 9. Imports of capital goods in current U.S. dollars (excluding passenger vehicles and teleph European Union Percent Growth rate China 16.0 14.0 Japan Korea 13.6 12.0 ASEAN Other 10.0 8.0 6.0 4.5 4.0 3.2 2.0 0.0 0.0 -2.0 2003-2007 2008-2011 2012-2016 2017 (7 months) Sources: World Integrated Trade Solution and authors’ calculations. Notes: The growth rate for 2017 is computed by comparing January to July 2017 with January to July 2016 for the European U and January to June in 2017 with January to June 2016 for the United States. Contributions of imports from East Asia are indic Passenger vehicles and telephone sets are excluded from this analysis, because they may be used in significant portions as co and so may not be linked directly to the rise in investment growth. Return to Read Me er vehicles and telephone sets), percent change United States Percent Growth rate China 9.0 8.5 8.0 Japan Korea 7.0 ASEAN Other 6.0 5.0 4.6 4.0 3.9 4.5 3.0 3.0 2.0 1.0 0.0 -1.0 017 (7 2003-2007 2008-2011 2012-2016 2017 (6 months) months) contributions from: European Union Growth rate China Japan ASEAN 2003-2007 13.6 2008-2011 3.2 2012-2016 0.0 2017 (7 months) 2.9 0.7 0.8 contributions from: United States Growth rate China Japan ASEAN 2003-2007 8.5 2008-2011 4.6 2012-2016 3.0 2017 (6 months) 3.4 0.4 0.5 3.9 017 (6 onths) ributions from: Korea Other 13.6 3.2 0.0 0.9 -0.8 4.5 4.5 ributions from: Korea Other 8.5 4.6 3.0 -0.2 -0.2 3.9 3.9 Figure 10. Shares of value added sources of 2011 electrical equipment imports from China (in cur United States USA, 5.3 Other, 15.2 KOR, 6.0 ASEAN, 6.0 JPN, 10.2 EU28, 12.5 CHN CHN, 45.9 Sources: OECD Trade in Value Added database 2016. Return to Read Me orts from China (in current U.S. dollars), percent Germany DEU, 3.3 Other, 11.4 KOR, 5.7 ASEAN, 5.7 Other EU28, 6.2 JPN, 9.9 CHN, 46.6 NAFTA, 11.2 impcou vasrccou expind expcou year sh USA NAFTA C30T33 CHN 2011 USA USA C30T33 CHN 2011 5.3 USA KOR C30T33 CHN 2011 6.0 USA ASEAN C30T33 CHN 2011 6.0 USA JPN C30T33 CHN 2011 10.2 USA EU28 C30T33 CHN 2011 12.5 USA CHN C30T33 CHN 2011 45.9 Other 15.2 impcou vasrccou expind expcou year sh DEU DEU C30T33 CHN 2011 3.3 DEU KOR C30T33 CHN 2011 5.7 DEU ASEAN C30T33 CHN 2011 5.7 DEU C30T33 Other EU28 CHN 2011 6.2 DEU JPN C30T33 CHN 2011 9.9 DEU NAFTA C30T33 CHN 2011 11.2 DEU CHN C30T33 CHN 2011 46.6 Other 11.4 Figure 11. Values, volumes, and prices of world merchandise exports, 2010-2017 Index Index 120 Volume Value Price Fuels Non fuel commodities 170 115 150 110 105 130 100 110 95 90 90 85 70 80 50 75 30 70 2012 2013 2014 2015 2016 2017 Source: CPB World Trade Monitor and authors’ calculations. Return to Read Me Volume Value Jan-12 2012m01 100 100 on fuel commodities Feb-12 2012m02 100.2631 100.5255 Mar-12 2012m03 100.5162 101.3277 Apr-12 2012m04 100.5068 101.8575 May-12 2012m05 100.9979 101.6946 2012 Jun-12 2012m06 101.1918 100.8014 Jul-12 2012m07 101.5633 99.8812 Aug-12 2012m08 101.1309 99.13203 Sep-12 2012m09 101.1711 99.9294 Oct-12 2012m10 101.0615 100.6914 Nov-12 2012m11 101.0746 100.9929 Dec-12 2012m12 100.9096 100.9824 Jan-13 2013m01 101.5581 101.961 Feb-13 2013m02 101.9073 103.0046 Mar-13 2013m03 102.4324 103.3448 Apr-13 2013m04 102.4676 102.9841 May-13 2013m05 102.833 102.4755 2013 Jun-13 2013m06 102.6923 102.1339 Jul-13 2013m07 102.6828 101.7241 Aug-13 2013m08 103.1412 102.2589 Sep-13 2013m09 103.3386 102.4577 Oct-13 2013m10 103.9611 103.4842 Nov-13 2013m11 104.2024 103.9281 Dec-13 2013m12 104.529 104.6358 Jan-14 2014m01 104.507 104.7504 Feb-14 2014m02 104.3925 104.834 Mar-14 2014m03 104.6133 105.1684 Apr-14 2014m04 104.8223 105.485 May-14 2014m05 105.0599 105.8 2014 Jun-14 2014m06 105.2966 105.6264 Jul-14 2014m07 105.7604 105.7868 Aug-14 2014m08 106.0766 105.5119 Sep-14 2014m09 106.7092 105.0885 Oct-14 2014m10 107.1432 103.8765 Nov-14 2014m11 107.5441 102.3467 Dec-14 2014m12 107.8554 100.5556 Jan-15 2015m01 108.5994 98.7899 Feb-15 2015m02 109.3909 97.14554 Mar-15 2015m03 108.8374 94.46153 Apr-15 2015m04 108.0653 92.46471 May-15 2015m05 107.1594 91.53664 2015 Jun-15 2015m06 107.7145 92.45815 Jul-15 2015m07 108.0035 92.52827 Aug-15 2015m08 108.3123 91.64108 Sep-15 2015m09 108.5461 90.67468 Oct-15 2015m10 108.8248 90.3252 Nov-15 2015m11 108.8441 89.34177 Dec-15 2015m12 109.1405 88.48686 Jan-16 2016m01 109.1525 86.87135 Feb-16 2016m02 109.8966 86.80959 Mar-16 2016m03 109.451 86.24973 Apr-16 2016m04 109.6473 87.23566 May-16 2016m05 109.1748 87.50938 2016 Jun-16 2016m06 109.5727 88.44502 Jul-16 2016m07 109.3003 88.28542 Aug-16 2016m08 109.7371 88.98519 Sep-16 2016m09 109.8183 89.2976 Oct-16 2016m10 109.9892 89.8419 Nov-16 2016m11 110.695 90.20915 Dec-16 2016m12 111.9223 91.04457 Jan-17 2017m01 113.0205 92.08253 Feb-17 2017m02 113.024 92.96612 Mar-17 2017m03 113.56 94.1622 Apr-17 2017m04 113.5899 94.72933 May-17 2017m05 114.3129 95.53206 2017 Jun-17 2017m06 114.2238 95.8474 Jul-17 2017m07 114.7666 96.96274 Aug-17 2017m08 115.0814 98.17986 Sep-17 2017m09 115.4915 99.87631 Oct-17 2017m10 115.2554 100.326 Nov-17 2017m11 116.0655 101.5435 Dec-17 2017m12 116.94 102.6716 Price Fuels Non fuel commodities 100 2010m01 100 100 100.2591 2010m02 96.108179 96.417445 100.8036 2010m03 97.889182 98.831776 101.3436 2010m04 102.90237 111.13707 100.696 2010m05 94.788918 105.68536 99.6241 2010m06 95.778364 104.75078 98.33968 2010 2010m07 96.372032 112.85047 98.02318 2010m08 96.042216 117.60125 98.76804 2010m09 95.580475 122.0405 99.63133 2010m10 101.18734 125.23364 99.91759 2010m11 105.07916 128.58255 100.0705 2010m12 113.3905 133.80062 100.3913 2011m01 117.1504 142.60125 101.0751 2011m02 120.77836 147.66355 100.8919 2011m03 132.71768 143.69159 100.506 2011m04 141.68865 151.63551 99.65208 2011m05 132.78364 146.88474 99.45608 2011m06 130.47493 145.56075 99.06612 2011 2011m07 132.18997 144.93769 99.14423 2011m08 123.28496 144.31464 99.1465 2011m09 125.65963 140.96573 99.54023 2011m10 123.48285 127.57009 99.73507 2011m11 128.10026 121.02804 100.1029 2011m12 125.59367 118.76947 100.2337 2012m01 126.58311 122.74143 100.4226 2012m02 132.91557 125.54517 100.5299 2012m03 137.40106 126.09034 100.6315 2012m04 132.3219 125 100.7043 2012m05 122.95515 119.70405 100.3127 2012m06 108.70712 115.03115 100.0248 2012 2012m07 116.09499 119.081 99.46781 2012m08 125 114.01869 98.48451 2012m09 126.58311 114.87539 96.95831 2012m10 124.86807 115.80997 95.16804 2012m11 123.35092 113.70717 93.23398 2012m12 123.61478 116.5109 90.98519 2013m01 127.57256 121.02804 88.81713 2013m02 129.68338 122.11838 86.7707 2013m03 125.19789 116.90031 85.55099 2013m04 121.9657 112.6947 85.42007 2013m05 122.09763 109.96885 85.83619 2013m06 122.09763 107.08723 85.675 2013 2013m07 127.37467 106.61994 84.60766 2013m08 130.07916 108.25545 83.53539 2013m09 131.46438 107.39875 83.00114 2013m10 128.62797 107.24299 82.07757 2013m11 125.92348 106.93146 81.07503 2013m12 130.40897 108.02181 79.58985 2014m01 127.5066 105.37383 78.9911 2014m02 131.99208 106.23053 78.80327 2014m03 128.49604 107.00935 79.55964 2014m04 127.44063 109.19003 80.15202 2014m05 127.96834 106.07477 80.71741 2014m06 130.14512 102.57009 80.77218 2014 2014m07 125.06596 101.47975 81.08745 2014m08 119.59103 100.31153 81.31185 2014m09 116.49077 95.015576 81.68218 2014m10 106.26649 94.392523 81.4972 2014m11 97.559367 93.457944 81.3497 2014m12 80.277045 90.576324 81.47304 2015m01 64.050132 86.838006 82.25603 2015m02 71.833773 84.267913 82.91629 2015m03 68.997361 80.996885 83.39591 2015m04 73.746702 79.595016 83.57082 2015m05 78.430079 81.775701 83.90975 2015m06 77.242744 81.152648 84.48616 2015 2015m07 70.25066 78.037383 85.31086 2015m08 61.147757 75 86.47389 2015m09 61.015831 74.299065 87.04491 2015m10 60.817942 74.143302 87.48426 2015m11 56.266491 70.327103 87.78784 2015m12 48.680739 68.691589 2016m01 42.01847 67.523364 2016m02 42.084433 69.314642 2016m03 48.087071 73.676012 2016m04 51.71504 76.635514 2016m05 57.3219 77.258567 2016m06 61.345646 78.193146 2016 2016m07 58.311346 78.738318 2016m08 58.83905 78.660436 2016m09 59.300792 77.647975 2016m10 65.633245 79.283489 2016m11 61.543536 84.423676 2016m12 70.382586 86.292835 2017m01 71.042216 88.785047 2017m02 71.108179 91.588785 2017m03 66.16095 89.563863 2017m04 67.744063 84.423676 2017m05 64.973615 81.775701 2017m06 60.620053 79.750779 2017 2017m07 62.532982 84.034268 2017m08 65.435356 86.760125 2017m09 69.459103 86.838006 2017m10 71.437995 85.280374 2017m11 77.506596 86.05919 2017m12 78.891821 86.760125 Figure 12. China's merchandise trade volumes: constant 2010 billion U.S. dollars, seasonally adju constant billion U.S. dollars Exports Imports 180 Linear (Exports) Linear (Imports) 170 160 150 140 130 120 110 100 Source: World Bank Global Economic Monitor. Return to Read Me period Exports Imports 2010m01 116.7317 102.4407 2010m02 122.8829 106.9576 2010m03 119.05087 109.00437 2010m04 120.5814 112.31047 2010m05 120.31707 112.34463 2010m06 126.9108 113.08827 2010 2010m07 129.31303 112.14167 2010m08 128.03063 113.2239 2010m09 126.46793 113.6833 2010m10 125.7382 115.12647 2010m11 128.3948 116.81403 2010m12 130.27197 118.51877 2011m01 134.4069 125.22343 2011m02 128.57757 122.48573 2011m03 129.18743 121.59443 2011m04 128.17917 115.76507 2011m05 133.6919 117.45567 2011m06 133.37323 116.22303 2011 2011m07 132.9805 115.41657 2011m08 134.10723 117.31223 2011m09 132.97947 117.68837 2011m10 130.71527 119.9965 2011m11 129.38263 120.80963 2011m12 129.08493 120.81927 2012m01 127.93323 114.39813 2012m02 125.83127 120.62593 2012m03 128.32617 121.86707 2012m04 130.47753 125.602 2012m05 136.43557 121.26157 2012m06 138.5391 122.07803 2012 2012m07 139.48727 125.0459 2012m08 137.30203 122.85507 2012m09 137.69177 122.57193 2012m10 140.1635 123.17377 2012m11 138.81173 123.87953 2012m12 138.0544 124.57493 2013m01 141.045 128.7983 2013m02 147.58637 128.1978 2013m03 150.13787 132.1506 2013m04 149.29603 131.78097 2013m05 145.4048 135.53917 2013m06 140.8217 131.35923 2013 2013m07 138.02963 130.89827 2013m08 139.0179 129.42467 2013m09 140.0224 131.55643 2013m10 141.92833 130.54053 2013m11 143.56787 130.29833 2013m12 145.03313 130.46247 2014m01 150.54593 136.44773 2014m02 142.27787 140.64737 2014m03 142.55903 138.97147 2014m04 140.5508 134.69453 2014m05 150.83677 130.765 2014m06 153.19403 133.94987 2014 2014m07 155.71383 133.26417 2014m08 156.1413 132.9147 2014m09 158.2842 134.60347 2014m10 157.16333 136.65743 2014m11 157.25083 135.62627 2014m12 157.56933 134.64787 2015m01 157.35917 132.28387 2015m02 170.46027 132.05717 2015m03 159.24877 127.71423 2015m04 155.5218 127.85617 2015m05 140.93087 127.29307 2015m06 150.0249 131.55087 2015 2015m07 150.54907 133.10183 2015m08 151.85437 134.834 2015m09 153.01523 133.2731 2015m10 154.11587 131.12817 2015m11 151.83213 132.90813 2015m12 155.2143 137.67393 2016m01 154.67467 137.1687 2016m02 155.01443 135.4008 2016m03 148.3685 132.32217 2016m04 148.50853 133.35817 2016m05 149.86617 136.3065 2016m06 152.53967 135.91147 2016 2016m07 153.15107 136.17943 2016m08 154.29697 137.09187 2016m09 153.1748 136.93777 2016m10 152.79053 137.16193 2016m11 153.74863 137.8811 2016m12 157.66173 142.48933 2017m01 161.11103 146.34707 2017m02 155.8645 154.26353 2017m03 158.66567 155.32763 2017m04 158.40447 153.32787 2017m05 165.25103 147.6966 2017m06 163.75793 147.26433 2017 2017m07 162.94373 148.4172 2017m08 161.3383 148.73403 2017m09 157.78453 147.8247 2017m10 156.6748 148.79463 2017m11 159.09833 150.17517 2017m12 163.9321 148.42 Figure 13. Vertical specialization, 1995-2014 Percent Percent 27 18 17 25 16 23 15 21 14 13 19 foreign value added (% exports) 12 17 import content (% exports), manufacturing, right axis 11 15 10 2009 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2010 2011 2012 2013 2014 Source: World Input Output Database (2013 and 2016 releases), U.N. Comtrade from World Integrated Trade Solution, and au Note: Depicts foreign value added embodied in gross exports of goods and services and import content (from manufacturing Return to Read Me year foreign import content value added (% exports), (% exports)right axis manufacturing, 1995 11.12636 18.59325 1996 11.39142 18.72283 1997 11.91968 18.77787 1998 12.89784 19.18852 1999 13.74366 19.78289 2000 14.96234 21.59274 2001 15.15928 21.30363 2002 15.18982 21.34463 2003 15.32219 21.7653 2004 16.00413 22.72873 2005 16.19702 23.15219 2006 16.82967 24.04479 2007 16.88268 24.42298 2008 16.74472 24.86089 2009 15.50977 22.78442 2010 16.45739 24.25523 2011 16.93382 25.27313 2012 16.75169 24.93134 2013 17.23072 24.93515 2014 17.0869 24.7583 egrated Trade Solution, and authors’ calculations. content (from manufacturing industries) embodied in manufacturing exports. imports imports 3 months moving average 3 months moving average World Advanced Economies (51%) Jan-12 2012m01 100 100 Feb-12 2012m02 99.8384 99.76453 Mar-12 2012m03 100.1125 99.97769 Apr-12 2012m04 100.1129 99.93546 May-12 2012m05 101.0202 100.4119 Jun-12 2012m06 101.3282 100.3347 2012 Jul-12 2012m07 102.0898 100.6898 Aug-12 2012m08 101.7877 100.7108 Sep-12 2012m09 102.0332 100.7615 Oct-12 2012m10 102.0095 100.2552 Nov-12 2012m11 102.1798 99.72813 Dec-12 2012m12 101.9913 99.23975 Jan-13 2013m01 102.6338 99.4642 Feb-13 2013m02 102.5966 99.28934 Mar-13 2013m03 102.6808 98.8718 Apr-13 2013m04 102.7247 98.61736 May-13 2013m05 103.2098 98.86397 Jun-13 2013m06 103.2027 99.52991 2013 Jul-13 2013m07 103.2714 99.96734 Aug-13 2013m08 103.1582 100.2245 Sep-13 2013m09 103.6312 100.5713 Oct-13 2013m10 103.8054 100.7559 Nov-13 2013m11 104.2182 101.2861 Dec-13 2013m12 104.4095 101.5395 Jan-14 2014m01 105.0664 102.1295 Feb-14 2014m02 105.3062 101.9311 Mar-14 2014m03 105.5649 102.1632 Apr-14 2014m04 105.382 102.1447 May-14 2014m05 105.4 102.5502 Jun-14 2014m06 105.5994 102.8268 2014 Jul-14 2014m07 105.6566 103.1773 Aug-14 2014m08 105.8198 103.4116 Sep-14 2014m09 106.7105 103.8795 Oct-14 2014m10 107.1648 104.0357 Nov-14 2014m11 107.6233 104.3699 Dec-14 2014m12 107.6598 104.9957 Jan-15 2015m01 107.7148 105.7662 Feb-15 2015m02 107.83 106.4176 Mar-15 2015m03 107.8655 106.9477 Apr-15 2015m04 107.9273 107.19 May-15 2015m05 107.2959 107.0224 Jun-15 2015m06 107.078 106.4866 2015 Jul-15 2015m07 107.3484 106.4643 Aug-15 2015m08 108.3169 106.9024 Sep-15 2015m09 108.6304 107.5212 Oct-15 2015m10 108.984 108.1355 Nov-15 2015m11 109.2374 108.4653 Dec-15 2015m12 109.5421 108.3529 Jan-16 2016m01 109.0004 108.1911 Feb-16 2016m02 109.1879 109.0792 Mar-16 2016m03 108.7271 109.2341 Apr-16 2016m04 108.9231 109.4722 May-16 2016m05 108.5601 108.6279 Jun-16 2016m06 109.2021 109.1476 2016 Jul-16 2016m07 109.2116 109.098 Aug-16 2016m08 109.8976 109.8313 Sep-16 2016m09 110.018 109.9157 Oct-16 2016m10 110.4598 110.0143 Nov-16 2016m11 110.8725 109.9803 Dec-16 2016m12 111.4969 109.8896 Jan-17 2017m01 112.5181 110.4032 Feb-17 2017m02 112.5615 110.1722 Mar-17 2017m03 113.1426 110.6529 Apr-17 2017m04 112.8847 110.7775 May-17 2017m05 113.9266 112.2739 Jun-17 2017m06 113.9461 112.7153 2017 Jul-17 2017m07 114.8082 113.6429 Aug-17 2017m08 115.0825 113.8739 Sep-17 2017m09 115.6569 114.4352 Oct-17 2017m10 115.7874 114.5726 Nov-17 2017m11 116.3951 114.8947 Dec-17 2017m12 117.0929 115.7553 imports imports imports 3 months moving average 3 months moving average 3 months moving average United States (13%) Japan (4%) Euro Area (23%) 100 100 100 99.91783 98.33395 99.72661 100.4507 98.73645 99.72906 100.1421 98.93139 100.0244 100.9442 102.3654 100.0645 100.8928 102.6787 99.97095 101.5922 103.1391 100.1043 101.5349 101.7334 99.88758 101.0134 103.0563 99.18376 99.8478 100.5944 98.89163 100.536 99.85427 97.95712 100.6695 97.64207 98.03401 101.6379 98.13673 98.21654 101.4612 98.55965 98.12693 100.3875 99.33934 97.6646 100.0708 100.2928 97.27774 100.2287 100.6854 97.59305 101.3103 101.3594 98.34169 101.5612 101.8432 98.72414 101.0658 102.7979 99.15498 101.6185 103.1088 99.27477 102.2062 103.9527 99.29604 102.811 104.4914 99.48691 102.7079 104.885 99.81818 103.0553 106.147 100.3872 103.2709 105.4918 100.4509 104.4659 108.2252 100.3703 105.5191 106.762 100.106 106.3224 106.0276 100.2187 105.9159 102.9437 100.9494 105.2272 102.6674 101.5279 105.0416 102.8963 101.9541 105.8358 102.776 102.2231 107.0628 102.9574 102.0483 108.3169 103.4617 102.0095 110.396 103.8736 101.94 111.939 104.0992 102.6306 112.167 106.1381 103.3154 113.769 104.5168 104.1277 113.9114 105.1412 104.3038 114.3608 102.8678 104.4905 112.5108 103.7507 104.1305 111.8533 103.1787 104.611 112.8343 103.9977 104.7471 113.4656 105.5533 105.518 113.9145 106.0073 106.0292 113.3884 105.8217 106.5445 113.1821 104.8625 106.6635 113.3812 104.6431 106.7669 114.8299 105.3022 107.706 113.8945 105.4064 107.7022 113.2297 104.4272 107.8308 111.7891 103.9669 106.9843 112.9059 104.1516 107.3091 113.4562 105.1863 107.3104 113.9551 104.6811 107.9549 113.6847 104.1998 108.1343 113.8121 103.9316 108.3711 114.3062 104.1793 108.7529 115.4057 104.6115 108.6381 117.1982 105.7669 108.7007 117.5912 104.964 108.1671 117.6885 105.4844 108.6718 117.2072 105.7344 108.8008 117.4634 107.5259 110.3873 117.6906 108.5745 110.6964 117.6045 108.3227 111.682 117.316 108.6625 112.0841 117.1534 106.9026 112.7408 117.674 106.3909 113.0067 119.3141 106.9193 112.8782 121.8748 109.7507 113.228 imports imports imports 3 months moving average 3 months moving average 3 months moving average Emerging Market and Developing Other advanced economies (11%) Economies Emerging (49%) Asia (26%) 100 100 100 100.1288 99.95383 100.073 100.361 100.3232 100.8791 99.92702 100.3903 100.8662 99.94786 101.9706 102.4497 99.75859 102.8805 103.0411 100.1558 104.2773 104.391 101.0453 103.4706 103.1139 102.3796 104.0204 103.9866 102.6531 104.7507 104.6266 101.852 106.0106 106.1388 100.4758 106.2908 106.1906 100.0824 107.5863 107.8537 99.59447 107.7643 107.916 99.42216 108.6325 109.0463 99.06725 109.1424 109.3033 99.23286 110.0003 110.3859 99.42753 108.9417 109.202 100.0899 108.434 108.722 100.4726 107.7423 108.1994 101.024 108.4124 108.9902 100.9441 108.5704 109.3502 101.9509 108.7997 109.8234 102.3278 108.8939 110.0465 102.9469 109.6554 111.2152 102.1326 110.5799 112.334 101.3317 110.8801 112.8007 101.267 110.4404 112.1944 102.1568 109.8529 111.0036 103.2714 109.9317 111.0391 104.2902 109.5305 110.6799 104.5615 109.5826 111.2875 105.2572 111.134 113.1355 105.0633 112.0541 114.5314 105.1937 112.7068 115.3424 105.8101 111.8226 114.101 106.2442 110.7596 112.6032 106.7708 110.0369 111.642 106.626 109.2996 110.9758 106.9403 109.0793 111.0917 106.3388 107.7233 110.0599 106.1653 108.002 110.782 106.0231 108.7297 111.7611 106.3868 110.5272 114.3098 106.4733 110.3635 114.2112 107.4336 110.3098 113.7177 108.3172 110.4437 113.4241 108.1665 111.4002 115.0613 107.3072 110.265 114.7782 107.7279 109.3576 113.4912 109.0351 107.9349 111.49 110.5446 108.0651 111.338 110.0727 108.454 112.6704 110.5182 109.2872 114.0174 109.5761 109.3892 114.9761 111.0116 110.0012 115.4906 111.4023 110.1779 115.5094 111.3673 111.156 116.8484 110.159 112.2666 118.6722 108.9845 114.0084 121.0216 108.9857 115.8227 123.0155 108.9009 116.2949 123.9021 109.6426 117.0328 125.375 110.2144 116.1773 124.5503 112.4855 116.5089 124.8256 113.1291 115.8693 123.787 115.1401 116.6291 124.6205 115.4881 116.9711 124.8771 117.1799 117.5657 125.7435 116.9963 117.6856 125.6689 116.9039 118.7397 127.1161 116.6075 119.183 127.3084 imports imports imports 3 months moving average 3 months moving average 3 months moving average Latin America (6%) Europe and Central Asia (7%) Africa and Middle East (7%) 100 100 100 98.70842 101.0297 100.0986 97.47059 102.4693 99.26019 96.52534 103.8532 100.1569 97.12675 105.7217 102.7282 97.58157 106.4723 106.1035 98.00482 106.47 109.8722 98.23582 105.3949 110.6355 97.26371 103.9992 112.4916 99.38853 103.2188 113.0159 101.3507 102.3639 113.3709 103.1779 102.5264 113.13 104.2033 102.3116 113.662 103.5052 102.4872 115.5692 103.861 102.5592 116.1006 104.3202 103.0154 118.1402 105.2288 101.9397 118.9287 104.3892 101.2753 118.0534 104.6471 101.6617 115.8674 104.6368 103.2133 111.9157 105.1171 104.4149 111.7865 106.0046 103.7436 110.4505 104.7012 102.7793 111.9555 104.5378 102.0554 112.1694 103.8153 101.3761 113.3831 105.583 101.4726 112.7172 105.5987 101.4052 112.6629 105.4386 101.815 112.2689 106.1629 101.7124 113.1767 107.4856 100.4426 112.8613 108.038 98.02441 112.3752 107.1212 94.33733 112.9138 108.446 91.90479 115.6689 108.5028 90.16925 116.6876 109.1709 89.26582 117.4436 110.0427 88.0369 116.6599 109.3993 85.57246 118.4632 108.7551 82.0585 120.8217 107.6258 77.76406 122.4894 107.4865 74.16357 122.4777 105.9773 71.52962 120.3095 106.2244 69.8826 119.3753 106.9721 69.44145 119.4193 105.9708 70.38149 120.9475 105.1067 71.49413 120.4362 105.3573 72.98216 121.492 107.9806 74.19323 120.2973 107.429 74.15679 119.8933 104.2144 74.32136 115.6251 103.5122 74.76522 115.7327 103.098 76.12725 114.5308 104.6502 76.22752 114.5386 102.7057 75.36958 113.2544 102.6814 74.69262 113.2142 100.3989 74.40234 111.6379 102.1187 75.82723 110.9148 104.8767 76.81992 108.2942 105.5729 77.89262 107.5108 105.6065 78.31227 106.3516 105.1246 79.79883 107.5395 107.4203 81.63419 107.7338 108.5238 81.55145 105.4494 108.8925 81.58363 102.9384 107.9013 80.79674 102.0287 107.9815 82.46452 102.1127 108.0593 83.15538 101.9849 109.2887 83.90617 101.7589 110.9775 83.29479 101.5602 111.0944 82.74741 101.9478 112.4957 82.74849 101.6793 112.7053 83.1643 101.9574 113.8655 84.18185 102.5693 exports exports exports 3 months moving average 3 months moving average 3 months moving average World Advanced Economies (47%) United States (9%) 100 100 100 100.2631 100 100.3097 100.5162 100.1297 100.7349 100.5068 100.0681 101.0131 100.9979 100.465 101.3257 101.1918 100.524 101.6626 101.5633 100.9469 102.2036 101.1309 100.9328 101.7528 101.1711 100.6705 101.7578 101.0615 100.0738 100.5223 101.0746 99.42303 100.7697 100.9096 99.18485 100.9026 101.5581 99.48014 101.967 101.9073 99.51823 102.5691 102.4324 100.0531 101.6816 102.4676 100.4254 102.0046 102.833 101.338 101.9352 102.6923 101.6834 103.1157 102.6828 101.7984 103.4302 103.1412 101.9657 104.1257 103.3386 102.0114 103.8227 103.9611 102.3252 104.9844 104.2024 102.4691 106.0237 104.529 102.6898 106.7838 104.507 102.863 106.0335 104.3925 102.8064 104.7807 104.6133 102.6944 104.8442 104.8223 102.644 105.2651 105.0599 102.6877 106.3835 105.2966 103.0467 106.8164 105.7604 103.4156 107.3256 106.0766 103.6308 107.9255 106.7092 104.2186 107.8716 107.1432 104.8031 108.6107 107.5441 105.4753 108.7189 107.8554 105.8823 109.478 108.5994 105.9478 108.4204 109.3909 105.6727 107.2149 108.8374 105.4882 106.0811 108.0653 105.5975 106.6011 107.1594 105.8072 106.8828 107.7145 105.9229 106.9481 108.0035 106.0144 106.4366 108.3123 106.0913 106.1115 108.5461 106.111 106.3251 108.8248 106.2142 105.8114 108.8441 106.3412 105.5963 109.1405 106.4619 104.9772 109.1525 106.2861 104.1859 109.8966 106.56 104.3775 109.451 106.3084 104.22 109.6473 106.7399 105.0951 109.1748 106.3846 104.7941 109.5727 106.6245 104.794 109.3003 106.2303 104.916 109.7371 106.8834 106.0729 109.8183 107.1985 107.3179 109.9892 107.5379 107.5362 110.695 107.9024 106.652 111.9223 108.7379 106.9297 113.0205 109.3752 107.8989 113.024 109.5275 109.2008 113.56 109.7012 109.0926 113.5899 109.7538 108.7239 114.3129 110.5449 108.6331 114.2238 110.8462 109.3406 114.7666 111.4019 109.949 115.0814 111.6583 110.0058 115.4915 111.8683 109.7336 115.2554 112.0174 109.5229 116.0655 112.5303 110.6675 116.94 113.5906 112.4101 exports exports exports 3 months moving average 3 months moving average 3 months moving average Japan (4%) Euro Area (25%) Other advanced economies (11%) 100 100 100 100.7344 99.86898 99.81271 101.0606 100.2808 99.1993 102.0789 100.2264 98.57445 102.2076 100.5581 99.22432 101.8679 100.5527 99.36183 100.7794 100.9072 100.3244 99.41782 101.2474 100.373 98.08329 101.0856 100.1187 96.12132 101.0254 99.38537 94.57549 100.2291 98.74905 93.57655 100.0606 98.41154 94.06565 100.0112 98.8019 94.38501 99.74902 98.94971 95.36852 100.2492 100.2474 95.64776 100.406 101.0637 96.96468 100.8114 103.3348 97.89056 100.4979 104.172 97.76169 100.3641 104.6911 98.4535 100.7591 103.9687 97.83202 101.2747 103.5984 98.61266 101.7149 103.0318 97.70593 101.8381 103.0194 97.90387 101.9457 103.1286 96.92268 102.2326 104.0208 97.7142 102.3673 104.0603 97.42338 102.0534 104.2619 98.24153 101.8541 103.9166 97.36689 101.57 104.2028 97.28387 102.1097 104.3381 97.7633 102.188 105.1063 98.2821 102.4465 104.9176 99.25928 102.9492 105.9131 100.3228 103.4432 106.4124 100.539 103.6915 108.3238 101.8597 103.9666 108.4619 104.088 104.1286 108.3245 104.4288 104.7733 106.7623 103.8675 104.6166 107.2143 101.7371 104.9526 107.3982 101.1258 105.0661 108.0017 100.1354 105.4261 108.0687 99.54805 105.7256 108.3668 99.81985 105.1968 109.7008 100.5641 104.7715 110.1654 101.0775 104.7201 110.7789 102.0785 105.1277 110.3264 102.0144 105.4784 110.536 101.8317 105.5452 110.2957 101.4218 105.9592 110.5891 101.7829 106.189 109.2249 101.6365 106.5915 109.6308 101.7769 106.6527 108.3397 102.4724 106.6656 108.9807 102.8161 106.2761 108.0325 103.3184 106.68 108.8794 103.379 107.0913 108.5521 104.1314 107.4164 108.8558 105.223 107.7686 109.7499 105.9801 108.1588 111.7369 106.6758 108.3158 113.0156 108.2804 108.2157 112.4653 109.0132 108.71 112.0541 109.2842 109.0379 111.7955 108.6188 110.0099 113.2585 108.4769 110.2488 113.5728 109.497 110.6219 114.2729 110.9109 111.0745 113.9241 110.6139 111.7446 113.7636 110.5187 112.2773 113.521 111.2612 112.8088 113.551 113.1066 113.7661 114.1357 exports exports exports 3 months moving average 3 months moving average 3 months moving average Emerging Emerging Market and Developing Asia Economies (27%) (53%) Latin America (5%) 100 100 100 100.623 101.0592 99.66706 101.0452 101.8773 99.31217 101.1071 102.0858 99.93364 101.7272 103.1134 99.74947 102.1058 103.8773 99.36318 102.4069 104.1329 100.2342 101.402 102.7269 99.52096 101.8562 103.6626 98.8354 102.4133 104.5266 99.46047 103.335 105.5687 102.3802 103.27 105.3264 103.8964 104.402 107.3524 103.333 105.1768 109.223 100.3549 105.6886 110.2977 98.70116 105.2625 109.4026 98.38651 104.8789 108.4727 100.2539 104.073 106.7417 101.9381 103.8932 106.2288 102.6816 104.75 106.7695 104.0034 105.1549 107.3061 104.5209 106.1999 108.5884 105.5706 106.5745 109.4049 105.5694 107.0462 110.177 105.1606 106.7569 109.996 104.4377 106.5631 109.6014 103.961 107.2394 110.6106 104.2395 107.8034 111.6892 104.9538 108.3065 112.548 106.1973 108.3758 112.3911 107.2629 108.9695 112.7989 108.2596 109.4238 113.63 106.9462 110.1178 114.334 107.5697 110.3458 114.7517 108.0059 110.3754 114.9007 108.8123 110.5558 115.0037 111.0793 112.2285 117.2208 112.4669 114.4795 120.0802 114.1974 113.421 118.0212 114.5399 111.4427 114.5779 115.201 109.01 110.7659 114.1785 110.1665 112.3713 114.8442 110.7258 112.7996 116.7967 111.352 113.4293 118.0873 111.8787 114.082 118.6062 112.3975 114.7129 118.977 112.2695 114.1392 120.5111 112.8064 114.6776 121.2848 113.0754 115.0606 121.0769 114.4631 116.4911 124.6362 113.7517 115.5331 124.1807 113.6262 115.2384 124.0311 112.9935 114.503 121.1607 113.6075 115.2481 120.2076 113.5019 115.1631 118.8367 113.6426 115.37 118.8276 113.4036 114.5615 121.0389 113.3439 114.6908 120.2428 114.5169 115.8166 121.9739 116.2804 118.022 122.7138 118.0093 119.4172 127.1049 117.8094 119.2501 127.3441 118.8411 120.8572 127.9548 118.84 121.5721 124.9362 119.4696 122.2983 125.2503 118.8463 121.4069 124.8705 119.3715 122.0255 126.107 119.7662 122.7157 125.9405 120.4501 123.8747 125.2924 119.687 122.3326 126.0861 120.9036 123.7827 127.2487 121.5239 124.4596 127.5226 imports imports imports 3 months moving average 3 months moving average 3 months moving average Europe and Central Asia (8%) Africa and Middle East (9%) Emerging Market and Developing Economies (53%) 100 100 100 100.105 99.80235 101.3713 99.60812 99.68413 101.9623 98.3269 99.40121 100.1859 98.4024 99.21075 103.2328 98.3695 98.76128 103.099 98.29156 98.98804 101.0898 97.88752 99.20533 100.2159 97.31334 99.1266 104.4625 97.47573 98.43468 102.7622 97.10763 97.75728 102.9829 97.16875 96.96679 104.2674 96.69831 96.51858 106.1603 96.43571 96.32365 105.3089 96.83862 96.28605 105.8038 97.45741 97.28339 104.8811 97.4425 97.12431 104.1575 97.41547 97.83272 103.3844 97.96481 97.88448 104.3414 99.70287 99.2225 106.7295 99.62466 99.21597 104.6001 100.4913 99.25774 107.4783 99.67773 98.67484 107.854 99.77938 98.79724 106.0162 98.42346 99.09196 106.6098 98.67805 99.81586 107.2723 98.51842 99.83971 108.0463 97.59142 98.80941 108.3029 96.47655 97.99444 108.7824 96.8205 98.01787 108.2544 97.93571 98.7721 110.0854 98.4672 99.05859 110.1461 98.92879 99.92158 110.3378 97.44547 100.1679 110.77 95.46901 100.2039 110.2346 93.35751 100.2765 110.8795 94.09319 100.2646 115.7912 95.61948 100.6136 116.9922 97.02361 101.3554 107.702 96.88953 102.599 109.8523 96.33424 104.1126 109.6893 95.99318 104.586 111.1739 95.56171 105.0978 111.5313 95.76044 105.3622 111.5691 96.16534 105.3835 112.755 97.05705 105.2748 113.089 97.89693 105.0623 111.1846 98.86308 105.0948 114.367 98.47198 105.6994 113.8964 98.14218 105.9657 115.3504 97.25434 106.2862 112.2314 98.52134 106.0796 113.5196 99.65231 106.8816 113.451 100.5804 108.1408 114.0745 100.255 109.2612 113.2026 100.0329 109.465 113.8734 99.47783 109.815 113.3573 99.58465 109.4481 113.0231 101.3297 109.9531 117.3947 104.0303 109.995 118.6515 107.7069 109.5492 118.2129 108.7654 107.9747 116.7948 110.2213 106.4257 121.7484 109.3213 106.4614 118.2096 109.8213 107.0159 118.685 109.1783 107.4364 119.8774 108.8038 107.4387 119.7862 108.2629 107.5732 119.8697 108.533 107.5378 121.9306 109.843 107.6408 117.4953 111.3408 107.6313 123.522 112.8589 107.731 123.7928 Figure A1. Merchandise trade volumes (3-month moving Source: CPB World Trade Monitor, WTO, and authors’ calculations Notes: In parentheses: share in world trade values in 2014. 130 World 125 Advanced Economies ( Emerging Market and 120 115 110 105 100 95 90 2012 2013 130 United States (9%) 125 Japan (4%) Euro Area (25%) 120 Other advanced econo 115 110 105 105 100 95 90 2012 2013 130 Latin America (5%) 125 Europe and Central Asia ( 120 Africa and Middle East (9 Emerging Asia (27%) 115 110 105 100 95 90 2012 2013 Retur Exports 130 World Advanced Economies (47%) World 125 Emerging Market and Developing Economies (53%) Advanced Economie 120 Emerging Market an 115 110 105 100 95 90 2013 2014 2015 2016 2017 2012 2013 130 United States (9%) United States (13%) Japan (4%) 125 Japan (4%) Euro Area (25%) Euro Area (23%) 120 Other advanced economies (11%) Other advanced eco 115 110 105 105 100 95 90 2013 2014 2015 2016 2017 2012 2013 130 Latin America (5%) Europe and Central Asia (8%) 120 Africa and Middle East (9%) 110 Emerging Asia (27%) 100 90 80 Latin America (6%) Europe and Centra 70 Africa and Middle E 60 Emerging Asia (26% 50 2013 2014 2015 2016 2017 2012 2013 Return to Read Me Imports World Advanced Economies (51%) Emerging Market and Developing Economies (49%) 2013 2014 2015 2016 2017 United States (13%) Japan (4%) Euro Area (23%) Other advanced economies (11%) 2013 2014 2015 2016 2017 Latin America (6%) Europe and Central Asia (7%) Africa and Middle East (7%) Emerging Asia (26%) 2013 2014 2015 2016 2017 imports imports 3 months moving average 3 months moving average World Advanced Economies (51%) Jan-12 2012m01 100 100 Feb-12 2012m02 100.2138 100.0103 Mar-12 2012m03 101.0489 100.9103 Apr-12 2012m04 101.4144 101.5605 May-12 2012m05 101.4805 101.1041 Jun-12 2012m06 100.3891 99.38827 2012 Jul-12 2012m07 99.64199 97.82323 Aug-12 2012m08 98.80723 97.40919 Sep-12 2012m09 99.88916 98.73265 Oct-12 2012m10 100.8163 99.7512 Nov-12 2012m11 101.2627 99.7334 Dec-12 2012m12 101.0186 99.17171 Jan-13 2013m01 101.7652 99.57025 Feb-13 2013m02 102.3704 100.0549 Mar-13 2013m03 102.261 99.12666 Apr-13 2013m04 101.8915 98.26028 May-13 2013m05 101.3081 97.35315 Jun-13 2013m06 100.9566 97.80118 2013 Jul-13 2013m07 100.6557 97.88045 Aug-13 2013m08 100.8519 98.65579 Sep-13 2013m09 101.5229 99.50304 Oct-13 2013m10 102.198 100.6395 Nov-13 2013m11 102.6794 101.1887 Dec-13 2013m12 103.0981 101.6273 Jan-14 2014m01 103.7157 101.9812 Feb-14 2014m02 104.1996 102.2409 Mar-14 2014m03 104.5605 102.7159 Apr-14 2014m04 104.4938 102.9214 May-14 2014m05 104.4702 103.2478 Jun-14 2014m06 104.2781 103.1659 2014 Jul-14 2014m07 104.1148 103.2506 Aug-14 2014m08 103.7736 102.8168 Sep-14 2014m09 103.7991 102.0937 Oct-14 2014m10 102.7578 100.507 Nov-14 2014m11 101.3984 98.76117 Dec-14 2014m12 99.1904 97.04612 Jan-15 2015m01 96.48721 94.57495 Feb-15 2015m02 94.22958 92.45633 Mar-15 2015m03 92.32601 90.49512 Apr-15 2015m04 91.52606 89.78343 May-15 2015m05 90.88933 89.78277 Jun-15 2015m06 91.05757 90.10375 2015 Jul-15 2015m07 91.22243 90.1824 Aug-15 2015m08 91.01256 89.75398 Sep-15 2015m09 89.9489 89.22988 Oct-15 2015m10 89.38417 89.40214 Nov-15 2015m11 88.49945 88.58943 Dec-15 2015m12 87.70869 87.42185 Jan-16 2016m01 85.75294 85.76379 Feb-16 2016m02 85.28661 86.08306 Mar-16 2016m03 84.69623 86.11416 Apr-16 2016m04 85.69546 87.17763 May-16 2016m05 86.06288 87.19998 Jun-16 2016m06 87.31023 88.35505 2016 Jul-16 2016m07 87.36656 88.24837 Aug-16 2016m08 88.31654 89.16494 Sep-16 2016m09 88.52132 89.40776 Oct-16 2016m10 89.23157 89.75706 Nov-16 2016m11 89.40873 89.36009 Dec-16 2016m12 89.89548 88.82106 Jan-17 2017m01 91.06643 89.51611 Feb-17 2017m02 92.05661 90.13683 Mar-17 2017m03 93.48436 91.3433 Apr-17 2017m04 93.8611 91.81364 May-17 2017m05 95.01796 93.42392 Jun-17 2017m06 95.33552 94.34164 2017 Jul-17 2017m07 96.4931 96.06069 Aug-17 2017m08 97.49233 97.39149 Sep-17 2017m09 99.19406 99.40162 Oct-17 2017m10 100.0888 100.263 Nov-17 2017m11 101.3344 101.0874 Dec-17 2017m12 102.5362 102.3517 imports imports imports 3 months moving average 3 months moving average 3 months moving average United States (13%) Japan (4%) Euro Area (23%) 100 100 100 99.91784 98.38403 100.0503 100.9294 97.92431 101.0994 101.066 97.19754 102.324 101.8209 99.5419 100.9611 100.4542 99.55035 98.72198 99.63185 99.54968 96.40438 98.96156 97.37332 95.83569 98.94715 100.7753 96.65488 98.6271 99.90122 98.41983 99.49421 99.44121 98.22492 99.29565 94.93919 98.62454 99.99561 93.47144 99.53532 100.0846 93.09964 100.7103 99.44382 92.12941 99.67968 99.15537 91.91905 98.39034 98.85533 90.11224 97.28813 99.36219 89.90602 98.15929 99.30091 90.35039 98.32905 98.81531 92.25468 99.55849 99.59498 93.26792 100.1988 100.1691 95.16808 101.5019 100.3518 95.92654 101.7844 99.77143 95.3988 102.8765 99.96437 94.75372 103.398 100.6829 93.68077 104.0896 102.5104 96.07055 104.1365 103.8866 94.55719 104.0348 104.7509 93.12594 104.0085 104.3492 90.00912 104.1335 103.7712 90.33602 104.1854 103.3165 90.83852 103.573 103.4496 91.34966 102.0445 103.6124 90.44753 99.65413 103.4307 87.78174 97.28568 103.3778 83.71994 94.94544 102.1935 80.23188 91.90625 100.3473 78.54935 89.43742 100.4856 75.65019 86.99557 100.3715 74.08569 86.14655 101.0288 71.74018 86.59879 99.74123 72.12351 87.55923 99.24158 71.83167 88.08792 99.23122 72.65101 87.2961 98.53389 72.94048 87.02446 97.89413 72.67282 87.49758 96.80495 70.6846 86.65174 95.93521 67.63997 85.52741 95.11761 65.50799 84.02876 95.36165 64.8766 84.86834 94.16098 64.84071 84.88079 93.79388 64.4543 86.01541 93.31917 64.63251 86.0641 95.04687 66.02361 87.06813 96.11762 67.58874 86.74875 96.69873 69.3573 87.39924 96.44259 70.27464 87.65455 96.65765 70.74958 88.20482 97.23894 70.50206 87.97577 98.44505 69.21176 87.31838 100.2804 69.42346 87.79282 101.053 69.60069 88.31335 101.3831 71.64028 89.66003 101.1073 73.00796 90.0055 101.3283 74.08897 92.07977 101.4965 74.6587 93.29723 101.2567 74.19788 95.80962 101.0625 74.85196 97.87977 101.3346 75.37286 100.3757 102.3127 75.96761 101.4375 104.4142 76.34261 101.9838 107.1138 77.7299 103.1836 imports imports imports 3 months moving average 3 months moving average 3 months moving average Emerging Market and Developing Other advanced economies (11%) Economies Emerging (49%) Asia (26%) 100 100 100 100.5512 100.5125 100.6308 101.5635 101.2521 101.5924 102.1673 101.2001 101.2685 101.2495 102.0327 101.9052 99.52119 101.8573 101.4445 98.03735 102.3098 101.6904 98.65438 100.8579 99.86166 101.21 101.5856 100.8134 102.755 102.3787 101.6665 102.4346 103.5059 103.1183 101.3195 103.7276 103.2498 101.2583 104.9848 104.7361 101.2449 105.7671 105.4147 100.257 106.8585 106.7607 99.37654 107.218 106.7875 98.57309 107.1094 106.6278 98.50961 105.585 104.5991 98.44147 104.7265 103.8304 99.16381 104.0733 103.3835 100.3432 104.4857 103.8631 101.4291 104.484 103.9797 102.638 104.866 104.1894 103.1868 105.2555 104.5422 103.7303 106.26 105.6997 103.3553 107.0728 106.9167 102.777 107.2664 107.3379 103.0673 106.8002 106.8729 104.085 106.2632 105.808 104.9227 105.9095 105.467 105.5275 105.3823 104.8839 105.0918 105.1769 105.138 104.5478 106.3007 106.7344 102.5802 106.0595 107.0589 100.8388 105.2668 106.3428 99.51517 102.3357 102.8841 97.22126 99.29221 99.10941 95.29565 96.83065 96.22601 92.6766 95.01166 94.39677 91.96906 94.08222 93.76933 91.46519 92.51247 92.49921 92.07034 92.45667 92.8589 92.02731 92.74799 93.40864 91.42904 92.8587 93.71991 90.38004 91.00359 91.67655 90.884 89.35783 89.62959 90.73426 88.36747 88.62523 89.86241 88.12947 88.77409 87.4112 85.73703 86.63002 87.27062 84.11833 84.50423 88.36841 82.61633 82.55859 90.96861 83.52132 83.47687 91.30787 84.39491 85.08176 92.15549 85.77763 86.79694 90.87456 86.07309 87.5601 92.21557 87.07208 88.49829 92.63034 87.22105 88.75616 92.72853 88.46071 90.20502 91.20856 89.48006 91.60457 89.66455 91.4715 93.72888 89.92934 93.34049 95.66557 90.72903 94.87263 97.59592 92.16299 96.62498 99.71848 93.15597 96.86443 100.1203 95.34225 97.35619 100.392 96.51213 96.7934 99.7108 99.2873 97.12736 99.8846 100.9141 97.64024 100.4433 104.065 98.8896 102.1378 104.5968 99.83324 103.3315 104.9589 101.6968 105.5944 105.1033 102.8069 106.1872 imports imports imports 3 months moving average 3 months moving average 3 months moving average Latin America (6%) Europe and Central Asia (7%) Africa and Middle East (7%) 100 100 100 99.68405 100.5238 100.7543 99.56175 102.4219 100.53 99.96026 102.7621 101.2699 100.5818 103.7276 103.3474 100.2083 102.7297 105.4536 99.40973 103.5747 108.1982 98.58384 102.9156 107.6985 97.9729 102.8555 109.1012 99.60487 103.0367 108.9972 100.7522 102.6174 109.1926 102.3492 103.6467 107.9425 103.8493 103.9976 108.1842 104.0999 105.2942 109.8274 104.3267 105.0054 111.2494 104.7237 105.2176 113.5052 105.3208 101.6266 114.9284 105.115 101.0185 114.2354 104.1783 99.8401 113.1487 103.6505 101.2643 110.005 102.9312 101.7781 111.223 102.9205 101.1054 110.962 102.1167 101.5169 113.5843 102.3839 101.5071 114.543 102.9243 101.0276 116.0652 104.6048 98.92851 115.3672 105.151 96.31424 115.5371 104.7417 94.71268 115.6609 104.4735 94.43372 117.6179 104.5451 93.3152 117.1718 104.3912 92.55657 116.6812 103.6832 89.32948 116.2214 103.6166 87.45224 117.7592 102.6888 84.39569 116.7542 102.5396 82.51672 115.4608 102.2449 79.35043 112.7168 101.6845 73.21007 112.8209 99.75546 68.16392 113.6234 98.26812 63.21106 113.3164 96.68667 61.40985 111.9257 94.95247 59.79174 108.8964 94.14697 58.42765 108.1077 94.43305 57.53778 107.6519 93.9337 56.63885 107.8998 92.34335 56.04904 106.0685 90.49705 55.65774 106.1475 89.75329 55.84033 104.2847 88.34306 54.6882 103.7071 86.48394 53.63374 98.57241 85.67003 53.0438 98.29817 84.924 54.05573 96.97931 85.14284 55.14646 98.45376 84.14001 54.66727 98.09618 85.11015 54.47282 98.99506 84.46246 54.22966 98.03255 85.55359 56.19819 98.70658 85.94522 57.33763 97.40935 86.08408 58.88237 98.51275 86.37978 59.0009 98.73086 87.90727 60.06235 101.0301 90.18459 62.63356 101.668 91.86489 64.37019 100.7031 92.61909 65.87831 101.6295 92.38581 66.50287 101.2594 92.47183 68.36555 102.6244 92.24376 69.79676 101.1978 92.88892 70.25489 102.0103 94.29972 70.4231 101.4849 95.10349 70.11459 101.6488 96.33601 70.11202 101.4333 96.78097 71.17324 103.0926 98.60365 74.22941 105.173 exports exports exports 3 months moving average 3 months moving average 3 months moving average World Advanced Economies (47%) United States (9%) 100 100 100 100.5255 100.1058 100.4113 101.3277 100.7428 101.3497 101.8575 101.2679 102.1847 101.6946 100.7458 102.7284 100.8014 99.49574 102.4465 99.8812 98.35448 102.3538 99.13203 97.93717 101.7467 99.9294 98.71293 102.4787 100.6914 99.55318 101.8402 100.9929 99.51347 102.1908 100.9824 99.54897 102.0912 101.961 100.188 103.0451 103.0046 101.0232 103.9888 103.3448 101.0088 103.2966 102.9841 100.6974 103.4945 102.4755 100.5387 102.8573 102.1339 100.9035 103.6348 101.7241 100.7359 103.6913 102.2589 101.2712 104.1267 102.4577 101.5606 103.7185 103.4842 102.8191 104.6122 103.9281 103.2806 105.6203 104.6358 104.0446 106.3537 104.7504 104.1233 105.8982 104.834 104.4036 105.1474 105.1684 104.4873 105.9046 105.485 104.6927 106.5399 105.8 104.7181 107.669 105.6264 104.6281 107.5969 105.7868 104.6034 108.0018 105.5119 104.1366 108.2512 105.0885 103.4824 107.9004 103.8765 102.3106 107.9799 102.3467 100.9867 107.2909 100.5556 99.48433 107.0556 98.7899 96.83259 104.7771 97.14554 94.24661 102.6415 94.46153 91.62247 100.9027 92.46471 90.63698 101.1254 91.53664 90.8356 101.3396 92.45815 91.72108 101.2413 92.52827 91.99294 100.6776 91.64108 91.42931 99.65234 90.67468 90.73839 99.04765 90.3252 90.70331 97.82267 89.34177 89.70996 97.12155 88.48686 88.82864 95.88918 86.87135 87.36534 94.30677 86.80959 87.60938 93.71265 86.24973 87.4389 93.12301 87.23566 88.80512 93.90734 87.50938 89.17351 94.11208 88.44502 90.07287 94.8486 88.28542 89.58771 95.59674 88.98519 90.41101 96.67219 89.2976 90.82352 97.69983 89.8419 91.3446 97.79229 90.20915 91.21735 97.17597 91.04457 91.22115 97.64832 92.08253 91.70386 98.77924 92.96612 92.29121 100.2967 94.1622 93.18156 100.4166 94.72933 93.58377 100.2959 95.53206 94.84736 100.13 95.8474 95.82741 100.6427 96.96274 97.63934 101.1497 98.17986 99.2003 101.5314 99.87631 101.0647 101.9187 100.326 101.8771 102.2199 101.5435 102.5778 103.7637 102.6716 103.7925 105.6261 exports exports exports 3 months moving average 3 months moving average 3 months moving average Japan (4%) Euro Area (25%) Other advanced economies (11%) 100 100 100 100.0232 99.94755 100.2291 98.93919 101.0851 100.3693 98.32283 101.9903 100.418 98.01439 101.1274 99.80148 98.89097 99.36266 98.20955 98.73733 97.47968 97.43307 97.36827 97.20828 97.17395 96.6284 98.27346 97.95325 95.45083 100.1588 98.47834 93.89022 100.3063 98.36949 91.70878 100.7937 98.40185 89.39718 101.6336 99.44357 87.67924 102.7554 100.5273 86.48975 102.6581 101.4202 85.78609 102.0013 101.5357 85.75356 101.2554 102.6307 86.19753 101.3856 103.1375 86.29753 101.0882 102.9801 87.4474 102.1902 102.3984 86.88298 102.9612 102.5277 87.70802 104.8176 103.0996 87.1855 105.3482 103.4362 86.76354 106.5896 103.7664 84.12031 106.962 104.5063 83.50443 107.6412 104.9764 82.73525 107.4368 105.4385 84.03772 107.5541 105.2009 83.36303 107.3179 105.2617 83.65658 107.4038 104.7357 83.94 107.1238 104.8068 84.68951 106.6283 103.5906 85.4359 105.5199 103.1044 85.69765 103.8293 101.6531 83.49659 101.8631 101.3507 81.80818 100.2945 99.28849 80.63498 97.32475 96.50379 79.44324 94.96265 92.82886 78.47749 91.41782 90.76165 76.44736 90.24917 89.72423 76.03114 90.48145 90.04993 75.36069 92.11296 90.70536 75.11157 92.91903 90.70087 75.26986 92.06942 90.67119 75.17886 91.33382 89.818 75.2589 91.6035 89.90765 74.68701 90.72678 88.41009 72.99589 90.05656 87.62256 72.14053 88.73695 85.78729 72.1014 89.59183 85.54864 73.29367 89.82452 84.49204 74.34473 91.25983 86.17509 75.18826 91.86598 86.07641 76.74648 92.55683 87.22263 77.77589 91.78825 86.03543 79.91371 92.22166 86.97208 80.81947 92.56435 86.99349 81.42796 93.00755 87.86983 81.18861 92.55903 88.61715 79.72852 91.78271 90.16283 78.84715 91.69108 91.69579 80.1469 91.93737 92.10999 81.7257 93.27701 92.4509 83.29841 93.92334 92.36315 82.46937 95.98427 93.7355 82.81205 97.39133 94.44839 83.09109 99.88509 96.32001 84.51062 102.2166 97.27451 85.67278 104.9085 98.78347 86.48867 106.1277 99.18634 86.66049 106.7769 99.6557 87.42602 107.9991 100.6244 exports exports exports 3 months moving average 3 months moving average 3 months moving average Emerging Emerging Market and Developing Asia Economies (27%) (53%) Latin America (5%) 100 100 100 101.056 101.1027 101.1411 102.0672 102.4095 101.5362 102.6029 103.1516 101.2514 102.894 104.1573 99.6266 102.452 104.5235 97.26469 101.8112 104.1548 96.95563 100.6425 102.5652 96.40903 101.4672 103.2488 97.64612 102.1303 103.9272 98.49612 102.8631 104.8391 99.90364 102.7945 104.8362 100.5016 104.2024 107.2322 99.99644 105.5095 109.3254 98.57735 106.2979 110.5986 98.02737 105.8749 109.8346 98.26767 104.924 108.8868 99.41568 103.6895 107.1427 99.94764 102.9734 106.3245 99.03764 103.5076 106.56 99.39586 103.5918 106.7665 99.07951 104.3251 107.9176 100.4235 104.7467 108.8875 100.1407 105.3832 109.9647 99.80705 105.5432 109.9694 98.37564 105.3781 109.6085 98.1001 106.0296 110.2837 97.7349 106.4867 111.1742 98.68553 107.1677 112.0885 99.59157 106.8884 111.9291 100.436 107.2827 112.4788 101.0755 107.2506 113.2611 100.3394 107.1188 114.1189 99.55829 105.8561 114.0658 97.79968 104.0659 113.3842 95.50124 101.9098 112.3322 93.44735 101.2643 113.7099 91.65623 100.8103 114.9495 89.539 98.05064 111.6494 88.80183 94.7753 107.1864 87.54755 92.42286 103.7527 87.12258 93.38995 105.5842 87.43297 93.20499 105.8206 87.97691 91.90877 105.0036 87.46893 90.59412 104.389 85.47137 89.84721 104.0241 84.80274 88.87632 103.2458 84.17862 88.05479 102.7355 83.2748 86.24685 101.3198 81.64819 85.7985 101.1075 82.28828 84.7464 99.87027 82.08221 85.25156 100.182 82.51005 85.4056 100.0818 82.32256 86.3871 100.8804 82.99094 86.63908 100.8673 83.26451 87.18269 101.2844 83.72334 87.36855 100.9658 85.04744 87.94218 101.3503 84.94785 88.93459 102.1663 86.43811 90.82133 103.922 87.88396 92.56123 105.1488 91.00254 93.81934 105.9389 92.62386 95.40191 107.9624 93.78835 96.17753 109.3391 93.53944 96.39765 109.861 92.95563 95.87268 109.3137 92.43686 96.10738 109.8407 92.82806 96.88982 110.7926 93.6591 98.37392 112.5375 95.03822 98.36505 111.6133 96.14477 100.236 113.8297 97.09258 101.2546 114.6051 98.0561 Figure A2. Merchandise trade v exports exports 3 months moving average 3 months moving average Source: CPB World Trade Monitor, W Europe and Central Asia (8%) Africa and Middle East (9%) Notes: In parentheses: share in world 100 100 101.4075 100.5242 100.9672 101.8114 99.438 103.6356 98.34662 103.4624 96.68867 102.0284 94.64707 100.8867 91.70453 102.2838 91.8071 103.8772 92.91796 103.9872 94.12433 102.9914 94.36566 101.8171 94.38302 101.5563 95.42811 102.0094 95.73997 102.1886 95.65589 102.4394 92.41209 101.234 91.1944 100.6627 90.48232 100.5681 92.15197 101.77 91.99242 101.8445 91.5143 101.05 92.92347 98.9757 93.27097 98.73659 95.32168 99.65681 93.12212 101.9021 94.90552 102.5502 94.031 101.6006 95.04539 100.8138 92.10957 100.8922 91.53428 101.0715 89.73535 99.3269 87.87014 96.63622 84.17246 92.20581 80.24113 87.49558 76.11546 81.77299 71.92237 75.73712 68.5154 71.38737 66.58858 68.61848 64.4632 67.96787 63.87296 67.41866 63.10275 66.3893 61.39341 64.7777 58.38659 61.87884 55.7584 59.01591 54.54253 56.84555 53.24899 54.94411 52.50983 52.76297 49.50702 49.91114 48.23487 48.03554 46.13873 47.78912 46.91772 49.02288 46.7821 50.81009 47.94484 52.74991 48.6298 53.84511 49.56266 54.74611 50.25116 55.78739 50.63825 57.92955 52.28607 58.79068 54.11861 61.68803 57.79721 63.08549 59.68665 65.63766 61.55527 65.44235 60.4772 65.79528 60.28374 65.69386 59.51894 65.43257 58.77139 64.93523 59.03209 65.29729 60.14255 65.98881 62.95926 67.01798 65.27632 67.86924 67.96915 68.82027 Merchandise Export Value (3-Month Moving Average, Jan. 2012=100) 120 110 100 90 World 80 Advanced Economies (47%) Emerging Market and Developing Economies (53%) 70 60 2012 2013 2014 2015 2016 2017 130 United States (9%) Japan (4%) 120 Euro Area (25%) Other advanced economies (11%) 110 100 90 80 70 70 60 2012 2013 2014 2015 2016 2017 130 120 110 100 90 80 Latin America (5%) 70 Europe and Central Asia (8%) 60 Africa and Middle East (9%) 50 Emerging Asia (27%) 40 2012 2013 2014 2015 2016 2017 Return to Read Me Merchandise Import Value (3-Month Moving Average, Jan. 2012=100) 120 110 100 90 World 80 Advanced Economies (51%) Emerging Market and Developing Economies (49%) 70 60 2012 2013 2014 2015 2016 2017 130 United States (13%) 120 Japan (4%) Euro Area (23%) 110 Other advanced economies (11%) 100 90 80 70 70 60 2012 2013 2014 2015 2016 2017 130 120 110 100 90 80 Latin America (6%) 70 Europe and Central Asia (7%) 60 Africa and Middle East (7%) 50 Emerging Asia (26%) 40 2012 2013 2014 2015 2016 2017 Figure A3. Contributions to growth in goods export and import volume, by country group Percentage Imports Exports points 6 5 4.4 4 2.8 2.8 3 2.3 2.3 2.1 2 1.4 1.5 1.2 1 0 -1 2012 2013 2014 2015 2016 2017 2012 2013 2014 2015 United States Euro Area Japan Other advanced economies China Em. Asia (excl. China) Europe and Central Asia Latin America Africa and Middle East World growth rate Source: CPB World Trade Monitor, World Bank Global Economic Monitor and authors’ calculations. Return to Read Me ex Percentage Imports World growth rate points 2012 1.4 6 2013 2.3 2014 2.8 4.6 5 2015 2.3 2016 1.5 4 2017 4.4 3 im World growth rate 1.8 2012 1.2 1.5 2 2013 2.1 1 2014 2.8 2015 1.8 0 2016 1.5 2017 4.6 -1 2015 2016 2017 Em. Asia (excl. China) Africa and Middle East ex ex ex ex ex ex ex ex United StatesJapan Euro Area Em. Other advanced economies Asia (excl. Latin China) Africa and AmericaEurope and Central Middle East Asia 0.4 -0.1 0.2 0.1 0.1 0.2 0.1 0.1 0.2 -0.1 0.1 0.5 0.7 0.1 0.0 0.0 0.3 0.1 0.5 0.4 0.5 0.3 -0.055 0.1 -0.1 0.1 0.6 0.5 0.3 0.5 0.004 0.3 0.0 0.1 0.5 0.1 0.4 0.2 0.115 0.2 0.4 0.3 1.0 0.5 1.1 0.2 0.335 -0.1 im im im im im im im im United StatesJapan Euro Area Emerging Other advanced Asia economies Latin (excl. AmericaEurope China) Africa and and Central Middle East Asia 0.4 0.2 -0.9 0.2 0.2 0.1 0.2 0.5 0.1 0.1 -0.1 0.0 0.8 0.3 0.0 0.3 0.7 0.1 0.7 0.5 0.5 0.2 -0.206 0.0 0.8 0.0 0.9 0.5 0.2 -0.1 -0.622 0.3 0.1 0.0 0.7 0.5 0.3 -0.1 0.098 -0.4 0.6 0.1 0.8 0.6 1.4 0.3 0.165 -0.4 ex China 0.4 0.7 0.7 0.1 -0.1 0.6 im China 0.3 0.7 0.3 -0.2 0.3 0.9 ANNEX B. United States: Contributions to 2017 growth of goods import values a. Contributions to growth in U.S. goods import values, by product group (percentage points) Mineral products (40.2%) 2.80 Machinery / Electrical (6.4%) 2.07 Metals (21.1%) 1.04 Miscelaneous manufacturing (4.9%) 0.42 Transportation equipment (2.6%) 0.37 Plastics / rubbers (7.%) 0.25 Foodstuffs (5.6%) 0.17 Vegetable products (5.4%) 0.12 Wood & wood products (4.8%) 0.09 Animal & animal products (3.8%) 0.05 Chemicals & allied industries (.5%) 0.04 Footwear / headgear (.7%) 0.01 Raw hides, leather & furs (-.4%) 0.00 Textiles (-.7%) -0.04 Stone / glass (-6.4%) -0.25 c. Contributions to growth in U.S. import values of machinery an (4-digit Harmonized System classification) (percentage points) Sources: World Integrated Trade Solution and authors’ calculations. Notes: Growth rates are computed for imports in current U.S. dollars, on a year-on-year basis using the period January to Jun a. Actual growth rates are displayed in parentheses next to product category names. b. For China, actual growth rate is displa Return to Read Me b. Contributions to growth in U.S. import values of machnery and electrical equipment, by partner country (percentage points) Other NLD DEU THA ITA PHL 6.4 percent VNM CHN (10.8%) IRL CAN MEX JPN port values of machinery and electrical equipment from China, by product type tion) (percentage points) g the period January to June in 2017 and 2016. actual growth rate is displayed in parenthesis. Product (growth rate) Contribution Stone / glass (-6.4%) -0.25 Textiles (-.7%) -0.04 Raw hides, leather & furs (-.4%) 0.00 Footwear / headgear (.7%) 0.01 Chemicals & allied industries (.5%) 0.04 Animal & animal products (3.8%) 0.05 Wood & wood products (4.8%) 0.09 Vegetable products (5.4%) 0.12 Foodstuffs (5.6%) 0.17 Plastics / rubbers (7.%) 0.25 Transportation equipment (2.6%) 0.37 Miscelaneous manufacturing (4.9%) 0.42 Metals (21.1%) 1.04 Machinery / Electrical (6.4%) 2.07 Mineral products (40.2%) 2.80 Country Contribution CHN (10.8%) 3.4 JPN 0.6 MEX 0.3 CAN 0.3 VNM 0.2 IRL 0.2 PHL 0.2 ITA 0.2 THA 0.2 DEU 0.1 NLD 0.1 Other 0.6 Product Contribution Telephone sets 5.0 1.7 machines Parts and accessories for typewriters and other office Automatic data processing machines 0.8 Transmission apparatus 0.7 Electric filament or discharge lamps 0.6 Discs, tapes, smart cards 0.6 Tools 0.2 Air or vacuum pumps 0.2 Taps, cocks, valves for pipes, boiler shells 0.2 0.2 reception apparatus; reception ap Monitors and projectors, not incorporating television other 0.7 ANNEX C. European Union: Contributions to 2017 growth of goods import values a. Contributions to growth in E.U. goods import values, by product group (percentage points) 5.19 Mineral products (32.7%) Machinery / Electrical (6.4%) 1.81 Metals (17.2%) 1.00 Transportation equipment (4.5%) 0.36 PHL Chemicals & allied industries (2.9%) 0.29 THA Miscelaneous (5.5%) 0.22 Plastics / rubbers (6.4%) 0.21 SGP Vegetable products (6.2%) 0.20 Foodstuffs (3.9%) 0.12 Animal & animal products (2.2%) 0.03 Raw hides, leather & furs (1.5%) 0.01 Textiles (.1%) 0.01 Footwear / headgear (.2%) 0.00 Wood & wood products (-1.9%) -0.03 Stone / glass (-28.4%) -1.84 c. Contributions to growth in E.U. import values of machinery and electrical (4-digit Harmonized System classification) (percentage points) Sources: World Integrated Trade Solution and authors’ calculations. Notes: Growth rates are computed for imports in current U.S. dollars, on a year-on-year basis, using the period from January to July in 2017 and 2016. a. Actual growth rates are displayed in parentheses next to the product category names. b. For China, actual growth rate is di Return to Read Me b. Contributions to growth in E.U. import values of machinery and electrical equipment, by partner country (percentage points) Other MAR MYS PHL THA CHN (7.9%) SGP 6.4% HKG KOR VNM JPN USA f machinery and electrical equipment from China, by product type ntage points) ary to July in 2017 and 2016. Product (growth rate) Contribution Stone / glass (-28.4%) -1.84 Wood & wood products (-1.9%) -0.03 Footwear / headgear (.2%) 0.00 Textiles (.1%) 0.01 Raw hides, leather & furs (1.5%) 0.01 Animal & animal products (2.2%) 0.03 Foodstuffs (3.9%) 0.12 Vegetable products (6.2%) 0.20 Plastics / rubbers (6.4%) 0.21 Miscelaneous (5.5%) 0.22 Chemicals & allied industries (2.9%) 0.29 Transportation equipment (4.5%) 0.36 Metals (17.2%) 1.00 Machinery / Electrical (6.4%) 1.81 Mineral products (32.7%) 5.19 Country Contribution CHN (7.9%) 2.8 USA 0.9 JPN 0.5 VNM 0.4 KOR 0.4 HKG 0.2 SGP 0.2 THA 0.2 PHL 0.2 MYS 0.1 MAR 0.1 Other 0.8 Product Contribution Telephone sets 2.1 Automatic data processing machines 1.3 0.5 machines Parts and accessories for typewriters and other office 0.4 Parts of transmission apparatus, monitors, projectors Electric filament or discharge lamps 0.4 Discs, tapes, smart cards 0.2 Transmission apparatus 0.2 Electronic integrated circuits 0.2 Insulated wire 0.2 Vacuum cleaners 0.2 Printed circuits 0.1 Moulding boxed for metal foundry 0.1 Electric accumulators 0.1 Tools 0.1 Other 1.1