Investor Presentaiton
After 30+ years of almost uninterrupted growth, global trade under
short-term pressure
Evolution of global goods and services exports
Index 2012 = 100
Good & Services Export Value¹
Goods & Services Exports Volumes²
110
100
90
88
80
■ Decline in trade value largely driven
by commodity prices
140
■ Trade volumes grew in 2015 & 2016
130
70
Since 2015,
60
50
8공영
30
40
trade value has
120
declined
110
100
20
10
220
90
■ Trade expected to
return to growth in 2017
0
80
1980 1985 1990 1995 2000 2005
2010 2015 2020F
2012 2013 2014 2015 2016F 2017F 2018F 2019F 2020F
Factors driving future growth;
TFA3, RCEP4, Belt & Road initiative, Saudi Vision 2030, growth of middle-class in Asia
Goods & Services Export Value: 1980-2005 - 1) UNCTAD BPM5, 2) UNCTAD BMP6, 3) WTO, 4) Oxford Economics 2006-2015 - UNCTAD (BPM6) 2016F-2020F - OE goods and services export value forecast
Goods & Services Exports volume: 1980-2020 - Volume of world goods and services exports (IMF)
1234
2.
3.
TFA stands for Trade Facilitation Agreement
4.
RCEP stands for Regional Comprehensive Economic Partnership
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