{"id":1344,"date":"2015-05-18T15:43:41","date_gmt":"2015-05-18T15:43:41","guid":{"rendered":"http:\/\/proqc.com\/blog\/?p=1344"},"modified":"2024-07-09T06:42:14","modified_gmt":"2024-07-09T06:42:14","slug":"world-trade-month-fun-facts-resources","status":"publish","type":"post","link":"https:\/\/proqc.com\/blog\/world-trade-month-fun-facts-resources\/","title":{"rendered":"World Trade Month &#8211; Fun Facts &#038; Resources"},"content":{"rendered":"<p><em>&#8220;Every man lives by exchanging.&#8221; ~Adam Smith<\/em><\/p>\n<p>On average, almost everyone has witnessed the birth of two nations each year of his or her existence. So, if you are 50 years old, then about 100 new countries will have been created since your birth. Membership of the United Nations (UN) grew from 51 original members in 1945 (there were 74 nation-states at that time) to 191 in 2002.<\/p>\n<h2>Did you know?<\/h2>\n<p>Around 90% of world trade is carried by the international shipping industry. There are over 50,000 merchant ships trading internationally, transporting every kind of cargo. The world fleet is registered in over 150 nations, and manned by over a million seafarers of virtually every nationality. <a href=\"https:\/\/www.ics-shipping.org\/shipping-fact\/shipping-and-world-trade-driving-prosperity\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow noindex\">(Source)<\/a><\/p>\n<p>The top 10 traders in merchandise trade accounted for a little over half (52%) of the world\u2019s total trade in 2013. The top 10 traders in world commercial services represent half of the world\u2019s total trade in commercial services.\u00a0<a href=\"https:\/\/www.wto.org\/english\/res_e\/statis_e\/its2014_e\/its2014_e.pdf\" target=\"_blank\" rel=\"noopener noreferrer nofollow noindex\">(Source)<\/a><!--more--><\/p>\n<p>Openness to trade and investment is an important driver of growth and poverty reduction \u2013 including in developing countries. A 10 percentage point increase in trade openness translates into 4% increase in per capita income.<\/p>\n<p>Treaties set out the basics for international sales, arbitration, patents, trademarks, transport and other issues. Ratifying them sends a signal that the country is adopting an internationally-recognized, safe legal context in which to conduct trade.\u00a0The UN treaty section alone contains over 40,000 treaties published in over 1,900 hard-copy volumes. The most important trade treaties signed in the last 50 years, however, number about 200. \u00a0(Source: Tradeforum.org).<\/p>\n<p>On the export side, liner trade is dominated by countries in East Asia. Liner exports are also highly concentrated, with the top ten exporting nations accounting for more than two-thirds of the total liner export value, and Greater China (including mainland China, Hong Kong S.A.R. and Taiwan, China) account for 28 percent of the value of liner exports and 30 percent of the global volume of containerized exports. (Source)<\/p>\n<p>The evidence is getting stronger that global capital flows likewise raise GDP. One estimate indicates that a 1 percentage point increase in the ratio of the foreign direct investment stock to GDP raises GDP in emerging nations by 0.7 percent. The gains from foreign portfolio equity holdings are equally robust. Hufbauer and Dobson, World Capital Markets: Challenge to the G-10, Institute for International Economics, 2001.<\/p>\n<p>Try it for yourself: \u00a0<a href=\"http:\/\/www.imf.org\/external\/np\/exr\/center\/students\/trade\/traders.aspx?u=B39385F7\" target=\"_blank\" rel=\"noopener noreferrer nofollow noindex\">IMF&#8217;s Trading Around the World\u00a0game<\/a><\/p>\n<h2>More trade statistics:<\/h2>\n<p><span id=\"ctl00_PageContent_Answer1_7\">UN Comtrade: <a href=\"http:\/\/comtrade.un.org\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow noindex\">comtrade.un.org\/<\/a><br \/>\nEurostat: <a href=\"http:\/\/epp.eurostat.ec.europa.eu\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow noindex\">epp.eurostat.ec.europa.eu<\/a><br \/>\nWorld Trade Atlas: <a href=\"http:\/\/www.gtis.com\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow noindex\">www.gtis.com<\/a><br \/>\nUnited States International Trade Commission: <a href=\"http:\/\/www.usitc.gov\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow noindex\">www.usitc.gov<\/a><br \/>\nIntegrated Trade Intelligence Portal (World Trade Organization): <a href=\"http:\/\/i-tip.wto.org\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow noindex\">http:\/\/i-tip.wto.org<\/a><br \/>\nFAO Stat: http:\/\/faostat3.fao.org\/faostat-gateway\/go\/to\/home\/F<br \/>\nWorld Bank WITS: <a href=\"http:\/\/wits.worldbank.org\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow noindex\">http:\/\/wits.worldbank.org\/<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Every man lives by exchanging.&#8221; ~Adam Smith On average, almost everyone has witnessed the birth of two nations [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":3198,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43,259],"tags":[14,17,26,210],"class_list":["post-1344","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-quality-control","tag-manufacturing","tag-quality","tag-sourcing","tag-trade"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>World Trade Month - Fun Facts &amp; Resources - Pro QC Blog<\/title>\n<meta name=\"description\" content=\"Fun facts during Sources at World Trade Month, details about increasing countries, shipment industry, merchant traders and more.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/proqc.com\/blog\/world-trade-month-fun-facts-resources\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World Trade Month - Fun Facts &amp; 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