First Report of WTO: Global Goods Trade Increasing by 6% in
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On April 11, WTO released its first report on global trade in 2005. It was estimated that goods trade in the world in 2005 increased by 6% considering price factor, 9% lower than the prediction in 2004 but 10% higher than the average level in the past 10 years. And WTO predicted that global goods trade would go up by 7% in 2006. By countries, export of EU and Japan decreased sharply, and of the USA rose with a lower speed, but of China maintained growing, and actual export of China was up by 25%, promoting the growth of global exports. Volume of service trade of rapidly developing economies like Brazil, Russia, India and China increased by a big margin, but global market share of them was still small. Global trade always fluctuates with the trend of world economy, but the development speed may exceed that of the latter, because consumers will pay most of their newly added income for imported commodities with the increase of income |
