DIRECTION OF WORLD TRADE:EMERGING AND DEVELOPING
COUNTRIES AND DEVELOPING ASIA
--Dr.Debesh Bhowmik
The Emerging and the Developing countries were able
to increase its trade to the world as a whole including all regions like,
Advanced Countries,Emerging and Developing countries, Developing Asia, Europe,
SubSaharan Africa and Western Asia.Emerging and Developing countries exported
7146.69 billion dollar in 2011 which increased to 7436.54 billion dollar in
2012 and imported 6775.77 billion dollar in 2011 that enhanced to 7436.54
billion dollar in 2012 although surplus trade balance marginally reduced. Of
this trade major shares went to advanced and emerging economies. Their export
to advanced countries stepped up to 4284.58 billion dollar in 2012 from 4197.01
billion dollar in 2011 in comparison to
imports 3492.6 billion dollar in 2011 to 3550.52 billion dollar in 2012 ie a
clearly an increased trade balance surplus. Its intra-trade increased to in
both exports and imports including a reduction of negative trade balance. The
trade to other regions given above, both the exports and imports increased with
an increased negative trade balance, ie a gain from international trade.
The developing Asia enhanced their exports and imports
to the world from 2011 to 2012.Their export was 3110.34 billion dollar in
2011which rose to 3265.04 billion dollar in 2012 and import increased from 1665.81
billion dollar in 2011 to 1666.24 billion dollar in 2012 including increment in
trade surplus. The same trends were observed in the regions of Europe,
SubSaharan Africa and Western Hemisphere but facing increased trade deficit. The
intra-trade of the Developing Asia has flourished too with the decreased in
trade surplus. The major share of trade of the developing Asia went to the
advanced countries but trade with emerging and developing countries has
increased too with about equal share followed by the European share.
Therefore, it is clear that the developing countries
were able to increase their international trade to the sufficient level in
comparison to the developed countries. This is the transition as result of the
crisis.
(see Table,source-IMF)
|
|
Emerging
and Developing countries(USbillion dollar)
|
|||||
|
|
Export
|
Import
|
Export
|
Import
|
Export
|
Import
|
|
|
2010
|
2011
|
2012
|
|||
|
World
|
5718.79
|
5460.10
|
7146.69
|
6775.77
|
7436.54
|
7117.07
|
|
Advanced
Economies
|
3444.31
|
2934.45
|
4197.01
|
3492.6
|
4284.58
|
3550.52
|
|
Emerging
and Developing countries
|
902.81
|
990.64
|
1173.02
|
1251.59
|
1277.36
|
1343.43
|
|
Developing
Asia
|
404.04
|
428.27
|
530.11
|
559.95
|
554.21
|
610.09
|
|
Europe
|
351.23
|
448.14
|
428.84
|
601.78
|
471.75
|
647.62
|
|
Sub-Saharan
Africa
|
136.46
|
143.12
|
173.57
|
192.05
|
187.74
|
222.71
|
|
Western
Hemisphere
|
323.82
|
356.55
|
410.62
|
452.91
|
427.75
|
476.01
|
|
|
Developing
Asia
|
|||||
|
World
|
25
60.58
|
2508.2
|
3110.34
|
3153.55
|
3265.04
|
3311.63
|
|
Advanced
Economies
|
1662.64
|
1365.24
|
1968.53
|
1665.81
|
2051.04
|
1666.24
|
|
Emerging
and Developing countries
|
882.65
|
1007.43
|
1111.7
|
1348.09
|
1195.45
|
1471.47
|
|
Developing
Asia
|
114.83
|
77.48
|
144.00
|
109.56
|
151.89
|
120.02
|
|
Europe
|
154.63
|
258.18
|
188.91
|
356.23
|
204.41
|
397.75
|
|
Sub-Saharan
Africa
|
68.06
|
81.15
|
89.97
|
119.22
|
100.10
|
146.95
|
|
Western
Hemisphere
|
115.58
|
118.89
|
15
2 .46
|
154.34
|
167.55
|
174.12
|
