GLOBAL TRADE DATA AND CHANGING MARKET STRUCTURE


CURRENT GLOBAL MARKET TRENDS

The trade growth of various countries is explained by the Import Export Data of multiple countries. By taking into consideration the recent quarters, i.e., quarter 4, 2021 every country presented its trade values which were above the levels that prevailed during the pre-covid scenario for imports and exports. When these statistics are compared with the trade growth in quarter 3 for the same year, it was observed that the growth increased at a much slower pace and sometimes declined to affect the Global Trade Data to a much larger extent. Although the exports remained positive for a few countries such as China and the USA and tumbled down for other nations in the world.

If we take some examples of the nations who faced this situation, then consider Brazil and India. By comparing the total imports and exports in Q4 of the year 2021 with Q4 of the year 2019, we observe that both nations increased imports by 33% and exports by 23% and 25%. At the same time, if Q4 of 2021 is compared with Q3 of the same then imports from Brazil and India rose by 11% and 4% respectively. In terms of exports, value declined by 7% and 1%. Due to this similar trend followed by most countries, the Global Trade Data tends to fall in the year 2022.

REGION-WISE DISTRIBUTION OF TRADE



According to the Import Export Data for the year 2021, if we talk about Q4 then it is clearly observed that developing countries have grown several folds to developed nations. In comparison to Q4 2020, exports from developing nations grew by 30%. If we talk about the total imports, they rose by 26%. In the case of developed nations, imports and exports grew by 25% and 19% with respect to 2019.

The Global Trade Data was dominated by developing nations throughout the given period. The major dominance was observed in the continents like Europe, North America, and East Asia.

SECTOR-WISE GLOBAL TRENDS

With the coming of transport facilities, all the sectors have seen a possible increase in their trade every year. The major sectors that have contributed to the growth of Global Trade Data are agri-food, apparel, chemicals, energy, metals, and minerals.

CONCLUSION

In the end, we would like to conclude that Global Trade Data and Import Export Data are some most important factors that can help to determine the health of the global economy as a whole. Also, it is very much clear that during the situation of the pandemic, global trade went down due to various reasons such as lockdowns, trade restrictions, reduced production, etc. The trade that was done country-wise and based on the regions was highly dominated by developing nations. The Global Trade Data consists of all import and export transactions that have been performed by any country. It is estimated that as the population of the world is rising every year, so is the demand for various products. With the rise in demand, the Global Trade Data will also show positive growth in years to come.

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