New Sectoral Profiles Offer Insights into Trade Linkages Within Manufacturing Industries
Geneva, 25 November 2024 – The World Trade Organization (WTO) today launched a new series of sectoral profiles that provide detailed insights into the trade linkages within manufacturing industries. The profiles cover a wide range of sectors, including automotive, chemicals, electronics, and food and beverages.
The profiles are based on data from the WTO’s Trade in Value Added (TiVA) database, which tracks the value added by each country to global trade. The data shows that manufacturing industries are highly interconnected, with a significant portion of trade occurring between countries that are at different stages of the production process.
For example, the automotive sector is characterized by a complex global supply chain, with countries specializing in different parts and components. The United States is a major exporter of automotive parts, while China is a major exporter of finished vehicles.
The chemical sector is another example of a highly interconnected industry. The United States is a major exporter of petrochemicals, while China is a major exporter of specialty chemicals.
The electronics sector is characterized by a high degree of vertical specialization, with countries specializing in different stages of the production process. Japan is a major exporter of electronic components, while China is a major exporter of finished electronic products.
The food and beverage sector is a more fragmented industry, with a significant portion of trade occurring between countries that are at similar stages of development. The United States is a major exporter of agricultural products, while China is a major exporter of processed foods.
The new sectoral profiles provide valuable insights into the trade linkages within manufacturing industries. The data can be used to identify opportunities for trade liberalization and to develop policies that support the growth of manufacturing industries.
The profiles are available on the WTO website at: www.wto.org/english/res_e/statis_e/miwi24_e.htm
New sectoral profiles offer insights into trade linkages within manufacturing industries
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