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    • Trade Statistics
      A brief analysis of the trade statistics of ECO Member Countries for the year 2017 is as follows:

      Five year (2013 to 2017) trade statistics reveals that initially, global trade of the ECO countries witnessed a decline, going down to US $ 649 billion in 2015. However, since 2016, there has been a recovery and the global trade now stood at US $ 733 billion in 2017. As compared to 2016, this shows an increase of 9.8%. Details are shown in the table below:

      All values US $ Billion
      Year
      Imports
      Exports
      Total Trade
      Trade Balance
      % Change in Trade
      2013
      457.73
      376.92
      834.65
      -80.81

      2014
      453.59
      373.75
      827.34
      -79.84
      -0.88
      2015
      366.51
      282.61
      649.12
      -83.9
      -27.46
      2016
      350.58
      310.45
      661.03
      -40.13
      1.80
      2017
      406.97
      326.31
      733.28
      -80.66
      9.85
      Source: UNCTAD


      Furthermore, the share of the ECO region's trade in the global trade (2017) of US$ 35.138 trillion is still around 2 percent compared to ECO region’s population of 6.2 percent in the world population.

      For 2017, Intra-regional trade accounts for 7.26 percent of the global trade of the ECO. Although a part of this decrease is due to slow down in the international trade fall in oil prices, it is still far below than its potential. This shows that ECO region is the least integrated one in terms of economic integration. These figures are shown in table below:

      Intra-ECO Trade
      All values US $ Billion
      Year
      Imports
      Exports
      Total Trade
      Trade Balance
      % Change in Trade
      2013
      35.67
      39.31
      74.98
      3.64

      2014
      35.05
      38.71
      73.76
      3.66
      -1.63
      2015
      27.99
      29.7
      57.69
      1.71
      -21.79
      2016
      25.34
      28.86
      54.20
      3.52
      -6.05
      2017
      26.68
      26.57
      53.25
      -0.11
      -1.75
      Source: UNCTAD

      The Shares of intra ECO Import and export in Intra-ECO Trade (Column 1 & 2) and Share of intra-ECO trade in ECO trade with the rest of the world (Column 3) are shown in table below:

      Year
      Imports share in Intra ECO Trade
      (1)
      Exports share in Intra ECO Trade
      (2)
      Intra-ECO share in Global ECO Trade
      (3)
      2013
      47.57%
      52.43%
      8.98%
      2014
      47.52%
      52.48%
      8.92%
      2015
      48.52%
      51.48%
      8.89%
      2016
      46.75%
      53.25%
      8.20%
      2017
      50.10%
      49.90%
      7.26%
      Source: UNCTAD


      Based on the figures for 2017, the Top Ten markets for the exports of the ECO are shown in the table below, along with the value and share in ECO’s total exports.


      Imports from ECO US $ Billion
      Share in ECO Exports 2017
      China
      37.54
      11.50%
      Italy
      27.08
      8.30%
      Germany
      18.44
      5.65%
      France
      13.24
      4.06%
      United States of America
      12.93
      3.96%
      United Kingdom
      12.51
      3.83%
      Turkey
      10.88
      3.33%
      Spain
      10.84
      3.32%
      United Arab Emirates
      10.64
      3.26%
      India
      10.32
      3.16%
      Source: UNCTAD


      Based on the figures for 2017, the Top Ten Suppliers for the imports of the ECO are shown in the table below, along with the value and share in ECO’s total imports.


      Exports to ECO US $ Billion
      Share in ECO Global Imports 2017
      China
      68.97
      16.95%
      Russian Federation
      39.59
      9.73%
      Germany
      29.05
      7.14%
      United States of America
      18.06
      4.44%
      Italy
      15.47
      3.80%
      Korea, Republic of
      13.58
      3.34%
      United Arab Emirates
      13.16
      3.23%
      France
      11.31
      2.78%
      India
      10.82
      2.66%
      United Kingdom
      8.38
      2.06%
      Source: UNCTAD





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