«Arab Criticism»: came contrary to the expectations of international organizations
The commodity trade of the Arab countries grows to 1.84 trillion dollars
The Arab Monetary Fund announced that the total merchandise trade volume of Arab countries has increased to $1.848 trillion in 2021, compared to about $1.501 trillion in 2020, a growth of 23.1%.
The Fund indicated, in the Unified Arab Economic Report, that the performance of Arab commodity trade was the opposite of international organizations' expectations that growth would be modest due to the repercussions of the "Covid-19" pandemic.
The report pointed out that the effects of recovery have appeared in particular on the foreign trade sector since the end of 2020, despite the continuing repercussions of other crises, such as the high cost of international shipping, and the slowdown in supply chains.
The report indicated that total Arab exports increased to reach $1.038 trillion in 2021, compared to $755.6 billion in 2020, achieving an increase of 37.4%, which affected the weight of total Arab exports out of total world exports, reaching about 4.9% in in 2021, compared to 4.3% in the previous year.
He added that the performance of total merchandise imports increased by 8.6%, jumping from $746.3 billion in 2020 to $810.4 billion in 2021. However, their percentage of global imports decreased to 3.7% in 2021, compared to 4.2% in 2020.
As for the commodity structure of Arab trade, the “fuel and minerals” category still accounts for the largest share in total Arab exports, reaching about 62.7% in 2021, compared to about 55% in 2020, with a decline in favor of other sectors. It accounted for 26.8%, while “agricultural commodities” accounted for 7.1% of total exports.
The report added: “With regard to imports, the data indicates that (manufactured products) maintained the largest proportion of Arab imports at a rate of 60.2% in 2021, while (agricultural commodities) recorded 20.1% of total Arab imports, and the category (fuel and minerals). ) rate of 14.4%.
The report indicated that intra-Arab commodity trade also witnessed an improvement during the year 2021, as a result of the relative easing of restrictions imposed to overcome the “pandemic” and the rise in oil and commodity prices in global markets.
world Trade
The report revealed that the value of global trade reached $28.5 trillion at the end of 2021, which represents an increase of 25% over 2020, and a 13% increase compared to 2019 before the outbreak of the “pandemic.”
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