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Preferential Trade Agreements and Trade Liberalization Efforts in the OIC Member States

With Special Emphasis on the TPS-OIC

83

Figure 11:

OIC Countries with the Highest (upper panel) and Lowest (lower panel) Share of

Import from the OIC countries, 2010

Source: Comtrade data via WITS

Sectoral Breakdown of Intra-OIC trade

The preceding section was very much focussed on aggregate trade. It is also important,

however, to look at the commodity composition of trade. When considering the sectoral break-

down by SITC 1-digit categories in the intra-OIC imports over time we see some changes but

relative stability over time. There has been a decline in the share of Food and Live Animals

(from 11.4% to 4.8%), Crude materials (from 7.1% to 3.2%) and Mineral Fuels (from 47.8% to

41.8%) in the intra-OIC imports; and correspondingly an increase in the share of Chemicals

(from 8.8% to 13.4%) and Commodity and transactions nes (from 0.1% to 9.2%). Once again, it

is worth noting that these shares will in part be impacted by country compositional changes.

Examining the sectoral breakdown of intra-OIC exports Table 10 shows the growing

importance of Mineral Fuels (from 9.4% to 18.5% of total intra-OIC exports), Machinery and

Transport equipment (from 8.0% to 16.3%), and Miscellaneous manufactured goods (from

7.0% to 11.4%). The shares seeing the biggest decline in their share have been Food and Live

Animals (from 18.7% to 10.1%) and Manufactured Goods classified chiefly by material (from