Syndicate content

Trade

WITS Trade Data Site: Five New Features

Siddhesh Kaushik's picture

Where can you find the top trading partners for your country? Where can you find the top products exported to and imported from Indonesia? Where can you find just about any type of trade data?

The answers to these questions (and more) are available at our recently revamped World Integrated Trade Solution (WITS) site: wits.worldbank.org.  In previous versions of the site, users needed to login and query the data themselves. You still can.  And many still do to conduct much more detailed and sophisticated research and analysis on trade. But if you want to quickly look up or browse trade statistics like total exports, tariffs applied, top export, and import partners, the data has been pre-calculated and made available as Open Data.

“Thanks to the data I found on WITS, I successfully completed my PhD.  Really easy-to-use site and great upgrades.”
                              – User in India

We have tried to make the new site more intuitive and accessible to the site’s users.  Our team – the Development Data Group (DECDG), the Poverty Reduction and Economic Management Network (PREM), and other World Bank units – worked in consultation with partners, including the United Nations Conference on Trade and Development (UNCTAD), the United Nations Statistics Division (UNSD) and others, to produce this site.  We hope you find the new site as useful as we do.

What does World Development Indicators tell us about South-South trade?

Wendy Ven-dee Huang's picture

Merchandise trade has become an increasingly important contributor to a country’s gross domestic product (GDP), particularly for developing countries. Before the global financial crisis hit in 2008, merchandise trade as a percent of GDP for low- and middle-income economies was 57 percent, about 5% higher than for high-income economies. This is very evident in Europe and Central Asia (ECA) where merchandise trade accounts for 73 percent of the developing region’s GDP.  Many ECA countries including Hungary, Belarus, and Bulgaria have merchandise trade to GDP ratios above 100 percent (155, 136, and 114 percent respectively in 2011), meaning merchandise exports are a large contributor to their overall economy.