Although services account for a growing share of international trade, in-depth (policy) analyses of global trade in services are often hampered by incomplete and asymmetric bilateral statistics. To mitigate these problems, the OECD and WTO, in collaboration with national statistical offices and central banks, have built a coherent and comprehensive global dataset of bilateral trade in services flows.
To properly understand global trade patterns we need high quality, consistent and harmonised statistics on international merchandise trade. Currently available statistics, however, fall short of this standard. In theory the exports of country A to country B should mirror the imports of country B from country A, but in practice this is rarely the case.
Information in respect of Category A and Category B projects notified by Members of the Working Party on Export Credits and Credit Guarantees (ECG), pursuant to the OECD Recommendation on Common Approaches for Officially Supported Export Credits and Environmental and Social Due Diligence.
Newness in politics has a long and eventful history. Globalisation and the battle for and against are no exception, as the events of the late 18th century show.
The rapid increase in global value chains (GVCs) in the last two decades, in response to falling communication costs and reductions in trade barriers, has in large part been fuelled by large and multinational enterprises. But across the OECD, 99.8% of enterprises are classified as SMEs, very few of which engage in international trade.
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The 2030 Agenda for Sustainable Development with the Sustainable Development Goals at its core calls to “(…) increase aid-for-trade support for developing countries, in particular least developed countries.” In response, the OECD Action Plan on the Sustainable Development Goals: Better Policies for 2030 also argues for further promoting aid for trade and ensuring that it supports the achievement of the Sustainable Development Goals.
The OECD has developed a new Database on International Transport and Insurance Costs (ITIC) which shows that distance, natural barriers and infrastructure continue to play an important role in shaping regional (and global) value chains.
We are so used to all things digital that we can sometimes lose sight of just how enormous the phenomenon has become, and how disruptive it can be.
Creeping protectionism is alive and well. Last year’s monitoring report on trade for the G20 reminded us that of the nearly 1,500 trade-restrictive measures imposed by G20 countries since 2008, fewer than 400 have been removed. The stock of these barriers continues to grow, despite a pledge by the G20 to reduce protectionism.
Conventional international trade statistics offer a picture of trade flows between countries, broken down by types of goods and services. While this is an important input for trade analyses, these data do not offer insights into the actors, or the types of firms, that are actually engaged in cross-border trade. The OECD Trade by Enterprise Characteristics (TEC) data do provide such information.