Constantly increasing globalization and integration of the world, often emphasized in the modern times, is carried out mostly through merchandise trade. Nowadays, wide variety of goods are involved in merchandise trade, but traditional ones, such as fuels, mining products, machinery and transport still remain most tradable. International trade of services, including transport, tourism and financial services, is also gaining momentum headed by the US as the world leader in exports and imports of services. The data on these and other indicators covering the framework of foreign trade is presented in the below datasets and visualizations.
See also: Agriculture | Commodities | Demographics | Economics | Education | Energy | Environment | Exchange Rates | Food Security | Foreign Trade | Healthcare | Land Use | Poverty | Research and Development | Telecommunication | Tourism | Transportation | Water | World Rankings
To date in 2017, the United States has averaged more than 900,000 barrels per day (b/d) of crude oil exports while sustaining an average import volume of 8.1 million b/d. From 1975 until late 2015, a ban on the export of US crude oil severely restricted crude oil exports from the US to all countries except Canada. In the years leading up to the US shale oil boom in the early years of this decade, the US exported less than 30,000 b/d to Canada. While Canada remains the predominant destination for US crude oil, the repeal of the crude oil ban allowed US exporters to expand to nearly 30 countries last year and an export total of 591,000 b/d. In...
2 digits, 4 digits, 6 digits products
The WTO General Council meets as the Trade Policy Review Body to undertake trade policy reviews of Members under the TPRM and to consider the Director-General's regular reports on trade policy developement. The TPRB is thus open to all WTO Members. The current chair is Ms. Irene B. K. YOUNG (Hong Kong, China). Event Holder: World Trade Organization Source of data: Merchandise trade matrix, imports and exports of total all products, annual, 1995-2014, WTO statistical data sets, 1948-2014
Trade Policy Reviews are an exercise, mandated in the WTO agreements, in which member countries' trade and related policies are examined and evaluated at regular intervals. Significant developments that may have an impact on the global trading system are also monitored. All WTO members are subject to review, with the frequency of review depending on the country's size. Date: 20-22 February 2018 Event holder: World Trade Organization