The World Trade Organization (WTO) released its 2013 trade and tariff data last week, including – for the first time – a publication dedicated to trade in services. The package provides a comprehensive overview of trade developments in 2012, as well as the 2013 editions of Trade Profiles, World Tariff Profiles and International Trade Statistics, which has been expanded to include data measured in value-added terms. International trade statistics, economic research and analysis and tariffs are included on the WTO web site. A printed version will be available in November.
International Trade Statistics 2013 provides a detailed overview of world trade through the end of 2012, covering merchandise and services trade and, for the first time, trade measured in value-added terms. The new data covers both goods and services traded in global value or production chains. Its inclusion reflects the fact that company operations are global, with design, manufacturing and assembly frequently occurring in multiple nations and regions Providing data in value-added terms seeks to address the distortion that may result from attributing the full commercial value to the last country that touches a product.
World Tariff Profiles 2013 — a joint publication of the WTO, the International Trade Centre (ITC) and the UN Conference on Trade and Development (UNCTAD) — provides comprehensive tariff information on all WTO members and many other countries where data is available. It is the only compilation of tariff information of its kind available to researchers and negotiators.
The publication summarizes the market access that each country offers to imports as well as the market access conditions faced by its products in its major export markets. The profiles show both the maximum tariff rates that are legally “bound” in the WTO and the rates that countries actually apply. The technical annex in this year's issue focuses on WTO members' participation in regional trade agreements (RTAs), with complementary data provided on tariff elimination in RTAs notified under the WTO's Transparency Mechanism.
Trade Profiles 2013 provides the latest information on trade flows and the trade policies of WTO members, in a standard format. It includes basic economic indicators, trade policy indicators (such as tariffs, import duties, the number of disputes, notifications outstanding and contingency measures in force), merchandise trade flows expressed in broad product categories and major origins and destinations), services trade flows by major components and industrial property indicators.
Services Profiles 2013 provides statistics on key “infrastructure services”, i.e. transportation, telecommunications, finance and insurance, for 140 economies. Coverage will be gradually expanded in future editions.
The WTO Statistics web page also contains updates of the International Trade and Market Access data online application, the Statistics Database, the Tariff Analysis Online and Tariff Downloads applications, new versions of World and Regional Export Profiles (a PDF snapshot of 2012 merchandise exports globally and by region) and World Commodity Profiles (a PDF snapshot of 2012 merchandise exports and imports for total merchandise trade, agriculture, fuels and mining and manufactured products), and World maps, which allows for comparison between countries or customs territories on selected economic indicators.