1945

Summary of the external trade statistics of ESCWA member countries

image of Summary of the external trade statistics of ESCWA member countries

World trade grew modestly during 2012 in comparison with the higher growth records of the last two years. According to recent International Monetary Fund Statistics, world exports reached 17.8 trillion United States dollars (US$) in current prices, recording only a 2 per cent increase from the 2011 level. Weak demand in the developed countries, especially in Europe, in addition to the substantial fall in major commodity prices, were the main reasons behind the slow growth of exports in 2012.

Related Subject(s): International Trade and Finance
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