In October 2009, January 2010 and June 2010, ITC released three Trade Map Factsheets entitled "Developing Country Exports Decline in 2009", "LDC Trade Recovery in 2009" and "LDCs Terms of Trade during Crisis and Recovery", monitoring the export performance during the quarters of 2009 compared to 2008, on developing countries and Least Developed Countries, in particular.
The first brief, released in October 2009, aims to provide a qualitative review of ITC Trade Map data available for the first 2 quarters of 2009. This includes establishing the impact of the decline in global trade on the exports of various groups of developing countries (e.g. least developed countries, small island developing states, etc), the composition of this decline with respect to changing commodity prices versus trade volumes, the significance of selected OECD and emerging economies in the decline and their significance to future export development in developing countries. Finally, the brief explores the importance of intra-regional trade to these developing economy groups.
The second brief, released in January 2010, aims to detail the recovery, in both value and volume terms, and related explanatory variables. First, it presents an overview of the extent of decline, based on ITC Trade Map data and confirmed by other, independent research efforts, followed by the extent of recovery to date. Second, trade performance in 2009 is analyzed at a disaggregated level, focusing on the most important product groups and trade partners. Third, potential explanatory variables for varying levels of export performance during the decline and recovery are explored.
While earlier Trade Map Factsheets have focused primarily on LDCs’ export performance before,
during and after the financial crisis, it is also necessary to assess overall trade performance to
understand more fully the impact of the crisis on LDCs.
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