Bìznes Inform (Sep 2015)
Analysis of Development Trends of the World Trade in Goods and Services
Abstract
The article is aimed at analyzing trends of the world trade in goods and services at the present stage. The development rates of international trade have been analyzed. It has been found that the dynamics of international trade in 2014 barely exceeded the annual growth of the world GDP. The prognostic data by the experts from the International Monetary Fund along with the WTO secretariat concerning the volume of world trade are provided. In addition, analytical data regarding the leading exporters and importers of the world trade in goods and commercial services in 2014 are presented, on results of which has been determined that among the leading countries-exporters of goods the first place belongs to China. Considering the importers of goods, as well as exporters and importers of commercial services, the first place, as in the previous year, belongs to the United States. The positions of the Russian Federation in the ranking of world exporters and importers in goods and commercial services have deteriorated compared to the previous years, primarily because of a significant decline in energy prices and decline in supply of Russian exports of traditional products, taking into consideration the imposing of trade and political sanctions against Russia as well as weakening of the national economy
