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The Trade in Value-Added initiative is an attempt to account for the double counting implicit in current gross flows of trade, and instead measure flows related to the value that is added (labour compensation, taxes and profits) by a country in the production of any good or service that is exported.
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The Manual on Statistics of International Trade in Services is a joint publication of six agencies: the UN, EC, IMF, OECD, UNCTAD, and WTO. It addresses a growing demand from governments, businesses and analysts for more relevant, detailed and internationally comparable statistics on services trade.
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The term services covers a heterogeneous range of intangible products and activities that are difficult to encapsulate within a simple definition. Services are also often difficult to separate from goods with which they may be associated in varying degrees.
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Moderate growth of merchandise trade in fourth quarter of 2012 |
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Merchandise trade in US$ billion
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28/02/2013 - Merchandise trade showed moderate growth in the major economies during the fourth quarter of 2012. Compared to the third quarter, the value of merchandise exports and imports for the G7 and BRICS countries increased by 1.2% and 1.0%, respectively. However, performance varied widely across individual countries. Read more |
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