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International trade as an engine for development

Note: 2017 partly estimated, 2018-2019 forecasts

World merchandise trade volume is expected to grow 4.4% in 2018, accompanied by GDP growth of 3.2% at market exchange rates.

Developing countries’ share in world exports (imports) in goods remain stable at around 44 percent (42 percent). As for trade in services, developing countries remain net importers of services.

LDCs’ trade deficit remains significant and has been expanding in the case of trade in goods.