The Syrian Civil War is the largest ongoing military conflict in the world, already claiming a total of at least 167,000 lives* since civil unrest first erupted in March 2011 on the heels of the Arab Spring. Human life is one measure of a wars devastation. Today, we examine the devastation of war from an economic perspective: international trade. The disruption in Syrian trade has already lowered its ranking globally from the 88th largest exporter in 2011 to the 141st in 2015.
Humanitarian aid has partially offset some of Syria’s loss in merchandise imports. Amounting to roughly $4.5 billion in 2015, aid was almost equal to Syria's total merchandise imports that same year. These numbers should be used and considered with due caution given reporting lapses and losses that go hand-in-hand with a country in civil war.
Learn more about Syria’s trade profile and arms and ammunition trade below in today’s Viz of the Day.
To date in 2017, the United States has averaged more than 900,000 barrels per day (b/d) of crude oil exports while sustaining an average import volume of 8.1 million b/d. From 1975 until late 2015, a ban on the export of US crude oil severely restricted crude oil exports from the US to all countries except Canada. In the years leading up to the US shale oil boom in the early years of this decade, the US exported less than 30,000 b/d to Canada. While Canada remains the predominant destination for US crude oil, the repeal of the crude oil ban allowed US exporters to expand to nearly 30 countries last year and an export total of 591,000 b/d. In...
2 digits, 4 digits, 6 digits products
The WTO General Council meets as the Trade Policy Review Body to undertake trade policy reviews of Members under the TPRM and to consider the Director-General's regular reports on trade policy developement. The TPRB is thus open to all WTO Members. The current chair is Ms. Irene B. K. YOUNG (Hong Kong, China). Event Holder: World Trade Organization Source of data: Merchandise trade matrix, imports and exports of total all products, annual, 1995-2014, WTO statistical data sets, 1948-2014
Trade Policy Reviews are an exercise, mandated in the WTO agreements, in which member countries' trade and related policies are examined and evaluated at regular intervals. Significant developments that may have an impact on the global trading system are also monitored. All WTO members are subject to review, with the frequency of review depending on the country's size. Date: 20-22 February 2018 Event holder: World Trade Organization