GOODS TRADE BAROMETER

  • May 29, 2021
  • Posted by: OptimizeIAS Team
  • Category: DPN Topics
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GOODS TRADE BAROMETER

Subject: International Relations

Context: WTO Goods Trade Barometer indicates strong growth in first two quarters of 2021. Growth in trade fuelled by big gains in export orders, air freight, electronic components.

Concept:

  • The WTO goods trade barometer is a composite of data, with indices on export orders and agricultural raw-material trade above medium-term trends, container shipping and automotive goods at trend and air freight and electronic components trade below.
  • The barometer is designed to anticipate turning points and gauge momentum in global trade growth within a few months, although the WTO said uncertainty meant it may be less reliable.
GOODS TRADE BAROMETER International Relations