The newest edition of an important yearly statistical compilation was released recently by the United Nations. The work is listed fully in the source note below. The statistics in this work help quantify the term globalization, so often heard but not, perhaps, fully understood for the transformative impact that it is having on world trade.
Today’s market size is the size of all exports worldwide as valued in dollars. Total exports in 2000, as well as 2010, are provided and the 133% increase is noteworthy. The peak year in this decade was 2008.
Geographic reference: World
Year: 2000 and 2010
Market size: $6,337,820 and $14,784,130 million respectively
Source: “World Exports by Provenance and Destination (TableD)”, 2010 International Trade Statistics Yearbook, Vol. 1—Trade by Country, June 16, 2011, available online here.
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