Economic Parameters
Global trade flows
Slowdown in international trade growth depends to a large extent on how dynamic global economic development is. Hence, although it did grow again in 2008, this growth was clearly below the prior-year levels on almost all major trade lanes.
Furthermore, the growth structure shifted. A look at the trade flows between Asia Pacific and the United States or Europe shows that imports to Asia on these lanes are growing faster than exports. At the same time, trade flows within Asia - the second largest domestic market after Europe - are growing much faster than trade flows within Europe.
| Major global trade flows: Growth 2007/2008 vs. 2008/20091) |
|
|
| Global trade flows: Compound annual growth rates 2006 -20091) |
%
|
|
|
|
|
|
|
| Africa |
2.9 |
7.0 |
-3.2 |
9.6 |
2.0 |
-7.0 |
| Asia Pacific |
8.9 |
3.7 |
-1.7 |
6.5 |
1.3 |
-8.7 |
| Europe |
6.7 |
5.9 |
-1.5
|
5.3 |
3.8 |
-13.9 |
| Latin America |
-2.0 |
8.0 |
-2.4 |
0.8 |
0.7 |
-7.8 |
| Middle East |
7.4 |
1.2 |
0.9 |
11.3 |
5.3 |
-0.7 |
| North America |
1.0
|
3.3 |
3.4 |
-3.6 |
10.2 |
11.4 |
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