Are you looking to add Global Trade Management to your arsenal of tools? Maybe for your business or personal use only, whatever it is – it’s always a good idea to know more about the most important Global Trade Management statistics of 2024.
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On this page, you’ll learn about the following:
Best Global Trade Management Statistics
☰ Use “CTRL+F” to quickly find statistics. There are total 31 Global Trade Management Statistics on this page 🙂Global Trade Management Market Statistics
- The global trade management market size to grow from USD 0.9 billion in 2021 to USD 1.5 billion by 2026, at a Compound Annual Growth Rate of 10.0% from 2021 to 2026. [0]
- The global trade management market size to grow from USD 0.9 billion in 2021 to USD 1.5 billion by 2026, at a Compound Annual Growth Rate of 10.0% from 2021 to 2026.. [0]
- In this approach for market estimation, MarketsandMarkets identified key companies that offer the trade management solutions, such as Infor, SAP, Oracle, Thomson Reuters, and E2open, which contribute almost 60% to the trade management market. [0]
- The collective revenue of key companies that offer trade management solutions comprised 60–65% of the market, which was further confirmed through primary interviews with industry experts. [0]
Global Trade Management Latest Statistics
- In 2020, the nation’s international related party trade accounted for 42.6 percent of total goods trade. [1]
- A mere 21% of global reported landings were species specific, with mangrove red snapper. [2]
- The overwhelming bulk (79%) of global Lutjanid production was, however, reported only to the genus . [2]
- This country accounted for 97% of reported snapper imports for 2006–2013, and when combined with domestic production, had the world’s largest snapper supply. [2]
- USdestined exports from Brazil, Honduras, and Trinidad and Tobago for 2006–2013 were approximately 50% lower than US reported imports from these countries. [2]
- The asymmetry in Indonesian exports can likely be attributed to the lack of reported trade data for the country for 2006–2011. [2]
- Thus, by reconstructing trade totals and adding discrepant mirror volumes, we show that snapper imports and exports reported to the FAO for 2006–2013 are underestimated by up to 40% and 73%, respectively. [2]
- Nonetheless, the FAO database does not contain disaggregated data for snapper ‘fillets and other meat’, corresponding to HS heading 0304, which likely leads to underestimations in the FAO’s snapper trade totals. [2]
- 80% of fortune 2000 companies rely on our research to identify new revenue sources. [0]
- As businesses adjust to new normal, according to World Trade Organization, trade in goods saw a recovery of one percent compared to 2019 last quarter months. [0]
- But compared to 2019, WTO gave a statistic where 12% degrowth has been confirmed. [0]
- The COVID19 pandemic led to merchandise trade declining by 8% and trade in commercial services contracting by 21 per cent yearon. [0]
- Services declined by 30% in the second quarter of 2020 compared with a fall of 23% for goods in the same period. [0]
- Most traded export products[edit]Largest countries by total international trade[edit]The following table is a list of the 21 largest trading states according to the World Trade Organization.[5]RankStateInternational trade ofgoods . [3]
- According to the 2024 IPCC report on climate change, that in international trade net Carbon emissions has reduced between 2006 and 2016. [3]
- The following table is a list of the 21 largest trading states according to the World Trade Organization.[5] RankStateInternational trade ofgoods. [3]
- World Wide Technology at 100% Compliance. [4]
- 100% Savings on Taxes and Duties. [5]
- 70% Cut in Fines and Penalties. [5]
- Global merchandise trade exceeds preCOVID19 level, but services recovery falls short UNCTAD nowcasts show that trade in services has not yet reached its pre pandemic level, while merchandise trade is projected to have surpassed it by 15%. [6]
- Together, the European Union’s members account for 16% of world imports and exports. [7]
- More than 70% of imports enter the EU at zero or reduced tariffs. [7]
- Both the region’s exports and imports rose with respect to 2016 with export growth outstripping the global average (+12.8% vs. +10.1%) and imports expanding at a slower pace than the global average (+8.7% vs. +11.2%). [8]
- In addition to improved prices for petroleum producers, the prices of aluminum, copper, lead, coal, iron ore, and zinc all rose by over 25%. [8]
- In 2017, 20.1% of Latin American and Caribbean exports were sold to Asia, up from 18.1% the year before. [8]
- Intra regional trade grew 10.4% in 2017 and accounted for 16.0% of the region’s exports to the world (excluding Mexico it was 21.7%). [8]
- Although having grown in absolute terms in comparison to 2016, intraregional trade as a percentage of total trade continues to fall in each subregion of Latin America and the Caribbean. [8]
I know you want to use Global Trade Management Software, thus we made this list of best Global Trade Management Software. We also wrote about how to learn Global Trade Management Software and how to install Global Trade Management Software. Recently we wrote how to uninstall Global Trade Management Software for newbie users. Don’t forgot to check latest Global Trade Management statistics of 2024.
Reference
- marketsandmarkets – https://www.marketsandmarkets.com/Market-Reports/trade-management-market-70680100.html.
- census – https://www.census.gov/foreign-trade/.
- nature – https://www.nature.com/articles/s41598-017-12301-x.
- wikipedia – https://en.wikipedia.org/wiki/International_trade.
- oracle – https://www.oracle.com/in/scm/logistics/global-trade-management/.
- e2open – https://www.e2open.com/intelligent-applications/global-trade-management/.
- unctad – https://unctad.org/statistics.
- europa – https://ec.europa.eu/trade/policy/eu-position-in-world-trade/.
- cepal – https://www.cepal.org/en/publications/type/boletin-estadistico-comercio-exterior-bienes-america-latina-caribe/statistical-bulletin-international-trade-goods-latin-america-and-caribbean.
How Useful is Global Trade Management
One of the key advantages of implementing Global Trade Management practices is the ability to streamline cross-border trade operations. By automating and centralizing trade compliance processes, businesses can ensure smooth and efficient movement of goods across borders while remaining compliant with a myriad of regulations and requirements. This not only reduces the risk of penalties and fines but also enhances supply chain visibility and agility.
Furthermore, GTM enables companies to make data-driven decisions based on real-time information about market conditions, trade policies, and geopolitical developments. This allows businesses to mitigate risks, capitalize on opportunities, and gain a competitive edge in the global marketplace. By leveraging advanced analytics and predictive modeling tools, organizations can optimize their supply chain processes, forecast demand more accurately, and identify cost-saving opportunities.
Another significant benefit of Global Trade Management is its role in fostering collaboration and integration across internal departments as well as external stakeholders. By breaking down silos and promoting cross-functional cooperation, businesses can achieve greater operational efficiency and responsiveness to market dynamics. Collaboration with customs authorities, regulatory agencies, and trade partners allows for faster clearance of goods, reduced transit times, and lower transportation costs.
Moreover, Global Trade Management helps businesses navigate the complexities of international trade agreements, tariff schedules, and trade compliance requirements. By staying informed about changes in regulations and adapting their processes accordingly, companies can minimize disruptions to their supply chains and ensure continuity of operations. This is especially crucial in times of uncertainty, such as during trade wars or geopolitical tensions, when regulatory changes can have far-reaching impacts on global trade flows.
In conclusion, Global Trade Management plays a vital role in helping businesses navigate the complexities of global trade and achieve greater efficiency, compliance, and competitiveness in the international marketplace. By embracing best practices in trade compliance, leveraging technology and analytics, fostering collaboration, and staying abreast of regulatory changes, organizations can unlock the full potential of their global supply chains. As businesses continue to expand their footprint across borders and embrace digitalization, the importance of Global Trade Management will only grow in significance. It is imperative for companies to invest in robust GTM strategies to future-proof their operations and stay ahead of the curve in the ever-evolving global economy.
In Conclusion
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