COMCEC Trade Outlook 2019
4
Figure 2: World Export Volume
Source: WTO
On the export side, the slowdown was mostly due to reduced shipments from developed
countries, which contracted year on-year in three out of the four quarters of 2018.
On the import side, developed countries recorded slow growth throughout the year, particularly
in the first half. Meanwhile, developing economies and the Commonwealth of Independent
States (CIS) saw imports fall 2.1 per cent in the final quarter of 2018 despite stronger growth
earlier in the year.2
Figure 3: Evolution of the Commodity Prices
Source: World Bank Commodity Price Data
2 World Trade Development
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450
19901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018
Trend
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2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Price Indices (2010=100)
Energy Agriculture Food Metals & Minerals