ACP Trade in Merchandise and Commercial Services 2000-2007 |
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2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
| Merchandise Exports |
112.9 |
107.3 |
112.2 |
136.6 |
181.5 |
226.7 |
269.7 |
320.8 |
| Merchandise Imports |
113.7 |
117 |
115.3 |
141.3 |
176.6 |
216.7 |
252.3 |
301.1 |
| Commercial Service Exports |
33.5 |
35.7 |
36.9 |
42.5 |
51.4 |
60.7 |
71.5 |
87.6 |
| * In $ Billions |
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| * All figures taken from the International Trade Statistics Report from the World Trade Organisation |
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ACP-EU Trade in Merchandise 2000 – 2007 |
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2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
| Merchandise Exports (ACP) |
112.9 |
107.3 |
112.2 |
136.6 |
181.5 |
226.7 |
269.7 |
320.8 |
| Merchandise Imports (ACP) |
113.7 |
117 |
115.3 |
141.3 |
176.6 |
216.7 |
252.3 |
301.1 |
| Merchandise Exports (EU 27) |
2452.6 |
2469.6 |
2637.6 |
3148.9 |
3762.4 |
4065.9 |
4590.2 |
5319.7 |
| Merchandise Imports (EU 27) |
2578.9 |
2549.9 |
2672.1 |
3214.2 |
3854.5 |
4222.3 |
4829.9 |
5573.9 |
| * In $ Billions |
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| * All figures taken from the International Trade Statistics Report from the World Trade Organisation |
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This graph and table shows the difference between total ACP trade and total EU 27 trade in merchandise over the period 2000 – 2007. In terms of global trade in merchandise in 2007, the ACP accounted for 2.23% in global exports, and 2.11% in global imports. This is compared to the EU 27 accounting for 38.13% in global exports, and 39.13% in global imports.
This shows that the ACP is drastically uncompetitive with regards to the EU, however, it also shows the benefits and opportunities for trade with the EU, as well as certain inherent risks in terms of capacity and production abilities.
In terms of the ACP, the vast majority of its membership is comprised of African states, and when one looks at figures comparing intra-African trade with those of intra-European trade, Africa is vastly under-trading with its counterparts, whereas the EU has somewhat of a stable balance between internal and external trade.
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ACP-EU Trade in Commercial Services 2000 – 2007 |
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2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
| Commercial Sercive Exports (ACP) |
29.2 |
29.1 |
30.5 |
37.2 |
42,5 |
49.5 |
54.4 |
63.8 |
| Commercial Sercive Imports (ACP) |
33.5 |
35.7 |
36.9 |
42.5 |
51.4 |
60.7 |
71.5 |
87.6 |
| Commercial Sercive Exports (EU 27) |
642.3 |
666.1 |
734.6 |
878.4 |
1057.2 |
1161.8 |
1294.8 |
1549.7 |
| Commercial Sercive Imports (EU 27) |
615.7 |
637.4 |
690.7 |
823.2 |
961.7 |
1047.4 |
1149.5 |
1361 |
| * In $ Billions |
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| * All figures taken from the International Trade Statistics Report from the World Trade Organisation |
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This graph and table shows the difference between total ACP trade and total EU 27 trade in commercial services over the period 2000 – 2007. In terms of global trade in commercial services in 2007, the ACP accounted for1.94% in global exports, and 2.84% in global imports. This is compared to the EU 27 accounting for 47.1% in global exports, and 44.1% in global imports.
Through this data, one can see that the EU makes up almost 50% of global trade in commercial services, even outstripping the US and NAFTA. This indicates that the ACP would be able to benefit from the knowledge and experience of the EU, as well as in areas of skills transfer.
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