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World
T
radeStatisticalRev
iew2023AbouttheWTOTheWorldTrade
Organizationdealswiththeglobalrulesoftradebetweennations.Itsmainfunctionisto
ensurethattrade?owsas
smoothly,predictablyandfreelyas
possible.Aboutthis
publicationWorldTrade
StatisticalReviewprovidesadetailedanalysisofthelatestdevelopmentsinworldtrade.It
istheWTO’s?agshipstatisticalpublicationandisproducedonanannualbasis.For
more
informationAlldatausedinthisreport,
as
wellas
additionalchartsandtablesnotincluded,canbedownloadedfromtheWTO
websiteat/statisticsWorldTradeStatistical
Review2023I.
Introduction4AcknowledgementsAmessagefromDirector-GeneralNgoziOkonjo-Iweala67II.
Highlights
of
world
trade
in20228World
tradeoverviewMerchandisetradeCommercialservicesLeadingtraders1012202627Least-developedcountriesIII.
World
trade
and
economic
growth,
2022-2328Trade
andGDP
growthin2022andthe?rsthalfof2023MerchandisetradevolumeCommoditypricesExchangeratesMerchandiseandcommercialservicestradevaluesOthertrade-relatedindicators303133343540IV.
Composition,
de?nitions
&
methodology42CompositionofgeographicalandeconomicgroupingsDe?nitionsandmethodologySpeci?cnotesforselectedeconomiesStatisticalsources4444515253AbbreviationsandsymbolsV.
Statistical
tables543Chapter
IIntroductionAcknowledgements67A
message
from
Director-General
Ngozi
Okonjo-Iweala45WorldTradeStatistical
Review2023AcknowledgementsThispublicationhasbeenpreparedunderthesupervisionofRalphOssa,
WTO
ChiefEconomistandDirectoroftheEconomicResearchand
Statistics
Division.
ThecoordinationofthereportwasundertakenbyChristopheDegainandFlorianEberth.Statisticalresearch,
datacompilation
and
thepreparation
of
estimateswereconductedbyBarbaraD’AndreaAdrian,ShradhaBhatia,LoriChang,ChristopheDegain,FlorianEberth,ColemanNeeandYing
Yan.andtheLanguageandDocumentationServicesDivision(LDSD)whosecollaborationisvitalintheproductionofthisreport.Inparticular,recognitionisduetoAnthonyMartin,SergeMarin-PacheandSteveCooperinIERD
andto
theFrench
and
Spanish
translators
in
LDSD.Finally,wewishtothanktheusersofWTO
statisticsfortheirconstructivesuggestionsonhowtoimproveourstatisticaloutput.Thisregularfeedbackallowsustoconstantlyre?nethedataweprovide.ContributionstothispublicationwerealsoprovidedbytheResearchGroupoftheEconomicResearchandStatisticsDivision.The
InternationalTrade
StatisticsSectionalsowishestothankcolleaguesfromtheInformationandExternalRelationsDivision(IERD)6Chapter
I:
IntroductionA
message
from
Director-GeneralNgozi
Okonjo-IwealaAsasuccessionofcrisesbuffettheglobaleconomy,withtheCOVID-19pandemicgivingwaytothewarinUkraine,in?ation,monetarytightening,andwidespreaddebtdistress,worldtradehaslostmomentum,withtradegrowthslowingin2022andremainingweakintoearly2023.Thatsaid,globaltradegrowthhasremainedpositive,underscoringhowtradehasbeenaforceforeconomicrecoveryandresilience.Nevertheless,numerousdownsiderisks,fromgeopoliticaltensionstopotential?nancialinstability,arecloudingthemedium-termoutlookforbothtradeandoveralloutput.Thisreportreviewsworldtradepatternsin2022,withinsightsintotheoutlookfortradein2023,inlightofthewiderinternationalcontext.Involumeterms,worldmerchandisetraderoseby2.7%in2022.The
volume?gurewaswellbelowthe12.4%growthinvalueterms,re?ectingtheeffectofhighglobalcommodityprices.particularlytourismwithinAsiatoAsianLDCs,
dueinparttocontinuingpandemic-relatedmeasureswithintheregion.AsianLDC
travelexportsin2022remained74%belowtheirvaluein2019.
Incontrast,travelexportsofAfricanLDCs
performedrelativelywell,cominginatonly9%belowpre-COVID-19
levelsin2022.Inthemanufacturingsector,onenotabledevelopmentwasthatChinaincreasedthevalueofitsexportsofautomotiveproductsinQ12022by30%
yearonyear,usingitsstrongpositionintheproductionoflithium-ionbatteriestobecometheworld’s
second-biggestexporterofelectricmotorvehiclesaftertheEuropeanUnion.Inturbulenttimesmarkedbygeopoliticalfrictions,rapidtechnological
change,
andever-more-frequentclimateandothershocks,
multilateraltradecooperationandtheWTOaremorenecessary
thanever.
Byworkingtogether,governmentscanupdatetheregulatoryandpolicyframeworksneededtoharnessthefullpotential-
andminimizetherisks-
ofnewdigital
technologies.
Openandpredictable
globaltrade,anchored
inthemultilateraltradingsystem,offersbusinessesandhouseholdstheoutsideoptionsneededtocopewithunexpectedsupplyshortages.
The
needtodeepen,deconcentrate,anddiversifyinternationalsupplynetworkssoastoincreasethis“?exicurity”offerssigni?cantcommercialopportunitiesfordevelopingeconomies.Servicestradefaredbetterthanmerchandisetrade,growing15%in2022.Internationaltravelcontinuedtoreboundstrongly,rising70%
year-on-yearaftermanyregionsliftedpandemic-relatedmobilityrestrictions.Lookingbackthroughtheentirepandemicperiod,computerserviceswerethemostdynamicsectorinservicestrade,withglobalexportsin2022worth44%morethantheirvaluein2019.
Digitallydeliveredservices–thatis,servicesprovidedviacomputernetworks,fromstreaminggamestoremoteconsultingservices–areanemergingsourceofgrowth,accountingfor54%
ofglobalservicesexportsin2022,and12%oftotalglobaltradeingoodsandservices.WithinEuropeandAsia,intra-regional?owsaccountedforalargeshareoftradeindigitallydeliveredservices,respectivelyaccountingfor62%and43%in2021.Incontrast,theintra-regionalsharesinSouth&CentralAmericaandtheCaribbeanaswellasinAfricawereonly8%and3%respectively,suggestingpotentialforgrowth.Policymakersneedreliablestatisticstomonitorhowtradeisevolving,assesstheimpactofmacro-economicandgeopoliticalshocks,andformulateresponsestobene?tthepeopletheyserve.Iwouldliketothankeveryonewhocontributedtothisreport.We
hopeitprovidesusefulinsightsforWTO
membersandallthoseinvolvedintradeanalysis.Exportsofgoodsandservicesfromleast-developedcountries(LDCs)
increasedby31%between2019
and2022,withgoodsexportsup41%invaluetermsoverthatperiod,onceagainre?ectinghighercommodityprices.LDCs’
exportsofcommercialservicesremaineddepressed,at14%belowtheirpre-pandemiclevels.Amajorfactorinthedeclineistheweakrecoveryoftourism,Ngozi
Okonjo-IwealaDirector-General7Chapter
IIHighlights
of
worldtrade
in
2022World
tradeoverviewMerchandisetrade1012202627CommercialservicesLeadingtradersLeast-developedcountries89WorldTradeStatistical
Review2023World
trade
overviewServicestraderecovered
in2022risingby
15%year-on-year,
slightlymorethangoodstrade.Chart2.1World
trade
in
goods
and
commercial
services,
2012-22(Annualpercentagechange)30GoodsServicestradereboundedfrom-18%in2020,
duringtheCOVID-19pandemic,
to+15%in2022.2010Commercialservices0?10?2020122013201420152016201720182019202020212022Source:WTO-UNCTAD
estimates.Note:Trade
asaverageofexportsandimports.10Chapter
II:
Highlights
ofworldtrade
in
2022Trade
in
goods
and
services35302520151056.8TradeingoodsandservicesamountedtoUS$31.0trillionin2022,
a13%riseyear-on-year.Whiletradeingoodsexceededpre-pandemiclevelsalreadyin2021,
tradeinservicescaughtupin2022.5.95.96.124.25.021.619.018.517.0Source:WTO-UNCTAD
estimates.Note:Averageofexportsandimports.020182019202020212022GoodsCommercialservicesLeading
merchandise
traders161415.014.714.4Chinaremainedthetopmerchandiseexporterin2022butitsshareinworldexportsdeclinedto14%(from15%in2021).
TheUnitedStates(8%ofworldtrade)andGermany(7%)wererankedinsecondandthirdpositions.13.112.7121088.58.08.67.88.36.68.17.87.97.3Source:WTO-UNCTAD
estimates.620182019202020212022ChinaUnitedStatesGermanyManufactured
goods1008060402003268312971316937Theshareofmanufacturedgoodsinworldmerchandiseexportsfellto63%in2022(versus68%in2018)mainlyduetohighenergypriceslimitingdemand.6963Source:WTO
estimates.20182019202020212022ManufacturedgoodsOthergoodsTransport
servicesUS$billion1,0261,2491,0311,2402018Tradeintransportservicescontinuedtogrowin2022,
althoughataslower
pacethanin2021asshippingratesreturnedtopre-pandemiclevels.20192020202120228651,0381,1981,3931,481Source:WTO-UNCTAD
estimates.1,7130500Imports1,0001,5002,000Exports70605040302010Intra-regional
merchandise
tradeIntra-regionalmerchandisetraderepresented65%ofEurope’s
worldtradein2022,
thehighestamongstthemajorworldregions.
Thelowestwas
forAfrica(14%in2022,
down
from16%in2018).20182019202020212022Source:UNCTADStat.EuropeAsia(includingOceania)NorthAmericaLatinAmerica(includingMexico,Caribbean)Africa11WorldTradeStatistical
Review2023Merchandise
tradeThevalueofmerchandisetradeexpandedatafasterpaceacrosstheglobethanvolumein2022,in?atedinpartby
highglobalcommodityprices.Chart2.2World
merchandise
trade
by
region,
2022(Annualpercentagechange)40Thehighestgrowthwasachievedby
theMiddleEast,anoil-richregion.302031.020.017.016.612.411.8109.68.45.13.83.11.22.92.70.10?9.2?10WorldMiddleEastNorthAmericaEuropeAfricaSouthandCentralAmericaandtheCaribbeanAsiaCommonwealthofIndependentStates(CIS),includingcertainassociateandformerMerchandisetradeinvalueMerchandisetradeinvolumememberstatesSource:WTO
Secretariat12Chapter
II:
Highlights
ofworldtrade
in
2022Merchandise
exportsWorld
exportsoffuelsandminingproductsincreasedonaverage
by
19percentperyearbetween2019and2022,
reachingavalueofUS$5,158billionin2022.
Theirshareinworldexportsincreasedby
4percentagepointsduringthisperiod,
risingto21percentin2022.Chart2.3Merchandise
exports
by
major
product
group,
2019
and
2022(US$billionandpercentageshare)Agriculturalproducts1,783Othergoods/n.e.s8705%10%Fuelsandminingproducts3,09717%201969%ManufacturedgoodsFuelsandmining12,744productsincreasedby4percentagepointsAgriculturalproducts2,326Othergoods/n.e.s1,5416%10%Fuelsandminingproducts21%5,1582022*63%Manufacturedgoods15,288*WTO
estimates.Source:WTO
Secretariat.Note:Dataincludingintra-tradeoftheEuropeanUnion,excludingre-exportsofHongKong,China.13WorldTradeStatistical
Review2023Chapter
II:
Highlights
ofworldtrade
in
2022World
exports
of
manufactured
goodsExcluding
“othermanufacturedgoods”,
chemicals(US$3,010billion)andof?ce/telecomequipment(US$2,512billion)hadthehighestshares–20percentand16percentrespectively–inworldexportsofmanufacturedgoodsin2022.
Automotiveproducts(US$1,518billion)represented10percentoftheglobaltotal.Chart2.4World
exports
of
manufactured
goods,
2022(US$billion)Chemicals3,01020%Othermanufacturedgoods*44%6,70516%Of?ceandtelecomequipment2,51210%2%4%4%Automotiveproducts1,518Textiles339Ironandsteel628Clothing576*
Othertransportequipment,othermachinery,
othermanufacturedgoodsn.e.s.Source:WTO
estimates.Note:Data
includingintra-tradeoftheEuropeanUnion,excludingre-exportsofHongKong,
China.14Chapter
II:
Highlights
ofworldtrade
in
2022Leading
exporters
of
automotive
productsTheUnitedStatesovertookJapanasthesecond-largestexporterofautomotiveproductsin2022.Amongthetop10exporters,
Chinaincreaseditsexportsthemost,
recordinga30percentincrease.Chart2.5Top
10
exporters
of
automotive
products,
2022(US$billionandannualpercentagechange)800700699600500400300Chinarecordeda30%year-on-yearincrease.20013813512912110077504130250EuropeanUnionUnitedStatesJapanMexicoChinaKorea,RepublicofCanadaUnitedKingdomThailandTürkiyeSource:WTO
estimates.15WorldTradeStatistical
Review2023World
exports
of
intermediate
goodsWorld
exportsofintermediategoods(IGs)–inputsusedtoproducea?nalproduct–fellfroma9percentyear-on-yearincreaseinquarter1of2022toa10percentdeclineinQ4.
Invalueterms,
theyremainedstablecomparedto2021,
amountingtoUS$9.7trillion.Weaknessintheexchange
ofindustrialinputsinsupplychainswas
largely
duetoa0.3percentdecreaseinexportsofmanufacturingsupplies,partsandaccessories,
which
representmorethan85percentofIGs.
Food
supplychainsremainedthemostresilientsector,
witha15percentincreasein2022.Chart2.6World
exports
of
intermediate
goods,
total
and
by
main
category,
2022Q1-Q4(Year-on-yearpercentagechange)30Anoverall
increase
at15%inworld
exports
offoodIGsin2022.222018151310997655410?1?1?10?2?2?3?6?10?10?11?13?14?20Quarter1234Year2022Totalintermediategoods(IG)IGfood&beveragesIGparts&accessories(excl.transportequipment)IGpartsandaccessories(transportequipment)IGores;preciousstones;rareearthsIGotherindustrialsuppliesSource:Trade
DataMonitor.16Chapter
II:
Highlights
ofworldtrade
in
2022World
exports
of
intermediate
goods
by
regionExportsofintermediategoodsdeclinedinEuropeandAsiain2022,
by
1.8percentand1.2percentrespectively.
NorthandSouthAmerica,
however,
saw
anincreaseof5.7percent.
AnincreaseinSouthandCentralAmerica’s
exportsofindustrialinputsin2022(8.5percent)was
mostlyduetoBrazil’ssuppliesofraw
andprocessedsoybeanproducts,
which
grew
by
27percent(representing28percentofitsIGexports).Chart2.7World
exports
of
intermediate
goods,
by
region,
2019Q1-2022Q4(US$billion)1200Asia1000Europe8008.5%600annualincreaseofexportsinIGgoodsforSouthandCentralAmericain2022.400NorthAmerica200SouthandCentralAmericaAfrica0QuarterYear12341234123412342019202020212022Source:Trade
DataMonitor(100
reportingeconomies,includingestimatesforAfrica).17WorldTradeStatistical
Review2023Africa’s
trade
in
intermediate
goodsAfrica’s
tradede?citinintermediategoodsshranktoUS$4.4billionin2022.
Thisispartlyduetogrowthinitsexportsofintermediategoods,
which
totalledUS$292billionin2022,
anincreaseof47percentcomparedwithitspre-COVID-19
level
in2019.
A
riseinvaluetermsislargelyduetohighcommodityprices.Chart2.8African
trade
in
intermediate
goods,
2010-22(US$billion)300Imports250200Exports15010050Africa’s
IGtradede?citshranktoUS$4billionin2022.Trade
balance0?4?19?37?47?53?50?100?57?58?61?60?65?77?80?822010201120122013201420152016201720182019202020212022Source:WTO
estimates.18Chapter
II:
Highlights
ofworldtrade
in
2022Major
African
traders
in
intermediate
goodsThetopAfricanexportersofintermediategoodsin2022were
SouthAfrica,
theDemocraticRepublicoftheCongo,
MoroccoandEgypt.
Themaindestinationsfortheirexportswere
China,
India,
theUnitedStatesandSpain.
Exportswere
essentiallyprimaryproducts,
suchaspreciousmaterials(goldanddiamonds),
palladiumgroupmetals,
copper,
ironoresandinputsforthefertilizerindustry.Chart2.9African
trade
in
intermediate
goods:
top
exporters
by
main
partner
and
product,
2022(US$billion,percentage)Top
African
IGExporters2021-22growth(%)2022Share
inAfrica
IGexports(%)Main
destinationsUnited
StatesExported
productsvalue(US$billion)South
Africa-4%46%13%16%108.722.421.217.938%Rhodium,palladium,diamonds,iridiumChinaIndiaGold,iron/tinores,diamonds,copper,cobalt,rhodium,palladium,iridiumCongo,DemocraticRepublic
of8%Diammoniumphosphate,urea,phosphoricacidMorocco7%SpainCopper,wiring,phosphoricacidEgypt6%Saudi
Arabia,Kingdom
ofCopper,ironSource:WTO
estimates.TheDemocraticRepublicoftheCongorecordeda46%increaseinIGexportsin2022.19WorldTradeStatistical
Review2023Commercial
servicesIn2022,
travel
continuedtobouncebackstronglyfollowingtheliftingofmobilityrestrictionsworldwide.Itisnow
oncourseforafullrecovery
andareturntoitspre-COVID-19levels,
when
itaccountedforalmostone-quarterofservicestrade.Chart2.10World
trade
in
commercial
services
by
sector,
2012-22(Annualpercentagechange)80Travelhasincreasedby
91%comparedwith2020.Travel60Transport40Othercommercial20services0?20?40?60?8020122013201420152016201720182019202020212022Source:WTO-UNCTAD
estimates.Note:Trade
asaverageofexportsandimports.20Chapter
II:
Highlights
ofworldtrade
in
2022Other
commercial
servicesComputerserviceshasbeenthemostdynamicservicessectorover
thelastdecade.
In2022,
worldexportswere
44%above
pre-pandemiclevels.
Growth
was
boostedby
remoteworkingaswell
asonlinelearningandhomeentertainment.
Globally,
demandforsoftware,
cloudservices,
machinelearningandenhancedcybersecuritycontinuestorise.
Subduedgrowth
in2022,
at6percentcomparedwith22percentthepreviousyear,
isentirelyduetoexchange
ratevolatility.Chart2.11Other
commercial
services
by
selected
sector,
2022(Year-on-yearpercentagechange)Year-on-yearpercentagechange(%)?3Financialservices1316?2Intellectualpropertyrelatedservices15112InsuranceandpensionservicesConstruction18261195Telecommunicationsservices486Personal,cultural,andrecreationalservices202012InformationservicesOtherbusinessservicesComputerservices14276614212244?102022vs.20190102030405020222021Source:WTO-UNCTAD
estimates.21WorldTradeStatistical
Review2023Trade
in
transport
services/travelDespiterecovery
inmanyregionsin2022,
airtransporthasonlymarginallyincreasedcomparedtopre-pandemiclevels.
Exportsofseatransportexpandedduetohighshippingratesin2021.However,
in2022,
growth
slowed
asshippingratesstartedtodeclinesteadilysincethespring.Chart2.12Breakdown
of
trade
in
transport
services
2019-22(Percentageshare)1001.72.22.22.822.921.025.022.98060402035.222.425.822.452.450.348.442.102019202020212022SeatransportAirtransportOthertransportservicesPostalandcourierservicesSource:WTO-UNCTAD
estimatesNote:Trade
asaverageofexportsandimports.Theshareofairtransport
intransport
servicesoverallcontractedfrom35.2percentin2019to25.8percentin2022.22Chapter
II:
Highlights
ofworldtrade
in
2022Global
exports
of
digitally
delivered
servicesEuropeaccountsformorethanhalfofglobalexportsofdigitallydelivered
services.
Itsgrowth
levelledoffin2022,
largely
duetothedepreciationoftheeuroandtheBritishpoundagainsttheUSdollar.
Asia’sexportshave
beenrisingmost,
coveringalmostaquarteroftheworld’s
digitallydelivered
services.Growth
inAfricaandLDCscontinuedtolagbehind,
withAfricaholdinglessthan1%shareofworldexportsin2022.Chart2.13Growth
in
digitally
delivered
services
exports
by
region
and
selected
group,
2015-22(Index2015=100)2202001801601401201008022020018016014012010080RestoftheworldRestoftheworldEuropeAfrica2015
2016
2017
2018
2019
2020
2021
20222015
2016
2017
2018
2019
2020
2021
20222202001801601401201008022020018016014012010080RestoftheworldRestoftheworldSouthandCentralAmerica&theCaribbeanNorthAmerica2015
2016
2017
2018
2019
2020
2021
20222015
2016
2017
2018
2019
2020
2021
20222202001801601401201008022020018016014012010080AsiaMiddleEastRestoftheworldRestoftheworld2015
2016
2017
2018
2019
2020
2021
20222015
2016
2017
2018
2019
2020
2021
20222202001801601401201008022020018016014012010080RestoftheworldRestoftheworldCommonwealthofIndependantStates*LDCs2015
2016
2017
2018
2019
2020
2021
20222015
2016
2017
2018
2019
2020
2021
2022Note:Inthechart,digitallydeliveredservicescovercross-bordersupply(mode1oftheGeneralAgreementonTrade
inServices)ofinsuranceandpensionservices,?nancialservices,chargesfortheuseofintellectualpropertyn.i.e.,telecommunications,computerandinformationservices,mostotherbusinessservices,andpersonal,cultural,andrecreationalservices.SeeTechnical
Notesformoreinformation.Sources:WTO
estimates.*TheCommonwealthofIndependentStatesincludescertainassociateandformermemberstates.23WorldTradeStatistical
Review2023Intra-regional
trade
in
digitally
delivered
servicesDigitallydelivered
servicestradedwithinAsiareached43.2%oftheregion’s
totaltradeintheseservicesin2021,
upfrom39.2%in2019.
Telecommunications,
computerandinformationservicesaswell
asbusiness,
professionalandtechnicalservicesdrove
thisrapidgrowth.
InNorthAmerica,
theshareofintra-regionaltradeindigitallydelivered
servicesroseto18.2%,
upfrom15.8%in2019.
Incontrast,intra-regionaltraderemainedstableinSouthandCentralAmericaandtheCaribbeanandcontractedslightlyinEurope.
Intra-Africatradeindigitallydelivered
servicesdeclinedto3.3%in2021.Chart2.14Intra-regional
trade
in
digitally
delivered
services,
2019-21(Percentageshare)70%63
636260%DigitallydeliveredservicestradedwithinAsiareached43.2%oftheregion’s
totaltradeintheseservicesin2021.50%40%30%20%10%43413918171610999988884430%Europe2020AsiaNorthAmericaMiddleEastCIS*SouthandCentralAmerica**Africa20192021Note:Thedataispresentedasapercentageoftotaltradeindigitallydeliveredservices.Source:WTO-OECDBalancedTrade
inServicesdataset.*CIS
referstotheCommonwealthofIndependentStates,includingcertainassociateandformermemberstates.**IncludestheCaribbean.24Chapter
II:
Highlights
ofworldtrade
in
2022Inter-regional
trade
in
digitally
delivered
servicesTheshareofAfrica’s
exportsofdigitallydelivered
servicestoAsiarosefrom20.3percentin2019to22.0percentin2021.
FlowsfromSouthandCentralAmericaandtheCaribbeantoNorthAmericaandtoAsiawere
alsoontherise.
In2021,
37.5percentoftheregion’s
exportsofdigitallydeliveredserviceswent
toNorthAmericancountries,
upfrom34.5percentbeforethepandemic.Chart2.15Regional
exports
of
digitally
delivered
services
by
destination,
2019-21(Percentageshareinpartnerworld)DestinationSouth
&CentralAmerica**NorthAmericaEuropeAsiaCIS*Middle
EastAfricaExporterEurope2019202120192021201920212019202120192021201920212019202163.5%
62.3%
13.1%
13.8%
14.3%
15.4%
1.9%30.8%
29.0%
39.2%
43.2%
19.7%
18.4%
1.1%54.3%
50.0%
20.1%
22.4%
15.8%
18.2%
0.9%56.8%
55.0%
15.2%
15.4%
11.5%
13.0%
8.4%43.3%
42.9%
22.0%
22.8%
18.8%
18.7%
1.7%35.5%
31.0%
15.0%
17.4%
34.5%
37.5%
1.7%52.4%
52.4%
20.3%
22.0%
14.8%
14.0%
1.0%1.8%1.0%0.8%8.8%1.7%1.3%0.9%3.1%3.2%2.3%2.6%5.4%2.5%2.4%8.2%2.4%1.8%2.2%5.1%2.0%2.1%8.0%2.1%1.9%2.4%1.5%1.5%2.6%1.9%3.9%1.7%Asia4.3%2.0%4.0%9.2%3.2%5.2%4.1%2.1%4.3%9.6%3.2%5.3%2.1%1.4%1.4%2.3%1.5%3.3%NorthAmericaCIS*Middle
EastSouth
&CentralAmerica**AfricaSource:WTO-OECDBalancedTrade
inServicesdataset.*CIS
referstotheCommonwealthofIndependentStates,includingcertainassociateandformermemberstates.**IncludestheCaribbean.25WorldTradeStatistical
Review2023Leading
tradersWhileChinaremainedthelargestmerchandisetraderin2022,
signi?cantincreasesintheworldrankingswere
achievedby
GuatemalaandCostaRica,
which
moved
upeightplacesto76thand77thplacerespectively.
Thiswas
mostlyduetoanincreaseinCostaRica’s
exportsofmedicalinstrumentsandappliancesandinitsimportsofelectricalmachineryandequipment.
Guatemala’s
risewaspromptedby
anincreaseinimportsofpetroleumproducts.
Indiaroseto7thpositionintherankingofservicestradersin2022thankstoadouble-digitgrowth
of32percent,
boostedby
exportsofcomputerservices.Chart2.15Chart2.16Changes
in
rankings
for
merchandise
traders
inthe
world’s
top
100,
2019-22Changes
in
rankings
for
commercial
servicestraders
among
the
world’s
top
100,
2020-21(Rank)(Rank)2019202220192022247India1028
Thailand19
Sweden21232434
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Thailand32
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Belarus72737172
Azerbaijan73
Latvia78
Kenya76
Guatemala77
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