Global trade flows Goods
Global trade flows Goods trade 2014 in billions of US dollars 385 Europe 4,665 21 North America 1,251 540 379 148 114 99 221 229 201 173 214 119 39 79 43 Central and South America 179 Africa 98 BUSINESS AND ECONOMY Value of world trade in goods 2014: USD 18.5 trillion Largest export nations: (Value of exports in billions of US dollars) 1. China 2,342 2. USA 1,621 3. Germany 1,508 170 185 Main graphics: Dachser f+h Distribution 3/2016
1,065 504 INFORMATION Free trade agreements worldwide 8 Middle East 113 738 900 152 CIS States 131 302 694 127 134 Asia 3,093 Currently, well over 200 active free trade agreements are registered with the WTO. They include these existing and planned free trade zones. Europe European Union (EU) Measured by the volume of its movement of goods and services (GDP), the economy of the EU is today larger than the economy of the US. In 2015, the EU had a GDP of around EUR 14.6 trillion. North America USA, Canada, and Mexico (NAFTA) Today, NAFTA comprises a quarter of the global GDP and is the largest free trading zone worldwide, even larger than the EU. Transatlantic Transatlantic Trade and Investment Partnership (TTIP) The EU continues to be the most important trade partner of the US. Intended to generate new momentum for the economy and the labor market, TTIP is proving contentious and controversial. 207 Transpacific Trans-Pacific Partnership (TPP) The following countries are on board: USA, Australia, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam, and Brunei. Together, they represent some 40 percent of global economic output and 25 percent of all exports worldwide. China is not participating in the TPP. intra-regional trade flows (USD 50 billion or more) intra-regional trade (within the individual regions) Source: World Trade Organization Asia Regional Comprehensive Economic Partnership (RCEP) China and the ASEAN nations represent an economic area with around 1.9 billion people. RCEP is designed to be somewhat of a counterweight to TPP. Source: BMWi, Eurostat, Spiegel f+h Distribution 3/2016
