Merchandise exports stagnated in 2012: UNCTAD

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Global merchandise exports in 2012 stagnated, according to statistics released by the UN Conference on Trade and Development (UNCTAD) on Wednesday.

Exports grew by only 0.2 per cent in value after having expanded significantly in 2010 and 2011.

According to UNCTAD statistics, in developing countries, merchandise exports climbed by 3.6 per cent but much of that improvement was confined to petroleum and gas exporting nations.

They also show that countries that are primary exporters of commodities other than fuels saw their exports drop by 2.54 per cent.

Developed nations registered a 2.75 per cent drop in merchandise.

The total value of merchandise exports was just over $18. 325 trillion in 2012 compared to $18.292 trillion in 2011, UNCTAD statistics reported.

The statistics also show that developing economies continued a trend in which their share of world trade has improved, accounting for 44.4 per cent of the global export market at the end of 2012.

Dianne Penn, United Nations.

Duration: 1’15″

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