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World Trade Summary

1988

World exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR WORLD 1988

Overall Exports and Imports for World 1988

Exports and imports of World in 1988 are below, along with number of countries and products

  • The total value of exports (FoB) was 785,243 million.
  • The total value of imports (CIF) was 671,216 million.
  • At the HS6 digit level, 5,032 products were exported to 200 countries and 5,035 products were imported from 199 countries.

World top 5 Export and Import partners 1988

Top five countries to which World exported in 1988 are below, along with the percent of total exports that went to that country:

  1. World exports to United States worth US$ 149,911 million, with a partner share of 19.09 percent.
  2. World exports to France worth US$ 55,842 million, with a partner share of 7.11 percent.
  3. World exports to United Kingdom worth US$ 53,699 million, with a partner share of 6.84 percent.
  4. World exports to Italy worth US$ 40,265 million, with a partner share of 5.13 percent.
  5. World exports to Netherlands worth US$ 37,607 million, with a partner share of 4.79 percent.

Top five countries from which World imported goods in 1988 are below, along with percent of total imports that came from the country :

  1. World imports from United States worth US$ 89,425 million, with a partner share of 13.32 percent.
  2. World imports from Japan worth US$ 52,129 million, with a partner share of 7.77 percent.
  3. World imports from France worth US$ 47,463 million, with a partner share of 7.07 percent.
  4. World imports from Germany worth US$ 41,497 million, with a partner share of 6.18 percent.
  5. World imports from Italy worth US$ 38,205 million, with a partner share of 5.69 percent.

World Top 5 Productsexports imports at HS 6 digit level 1988

The top five exported HS 6 digit level products to world by World along with trade value are:

  1. World exported Automobiles with reciprocating piston engine di , worth US$ 49,787,927.89 million.
  2. World exported Automobiles with reciprocating piston engine di , worth US$ 12,031,222.63 million.
  3. World exported Monolithic integrated circuits, digital , worth US$ 8,585,587.68 million.
  4. World exported Parts and accessories of automatic data process , worth US$ 8,101,937.08 million.
  5. World exported Video recording or reproducing apparatus magnet , worth US$ 7,915,174.61 million.

The top five imported HS 6 digit level products from world by World along with trade value are

  1. World imported Petroleum oils and oils obtained from bituminou , worth US$ 36,830,726.16 million.
  2. World imported Automobiles with reciprocating piston engine di , worth US$ 12,367,111.90 million.
  3. World imported Aircraft nes of an unladen weight exceeding 15, , worth US$ 7,298,057.96 million.
  4. World imported Petroleum oils, etc, (excl. crude); preparation , worth US$ 7,259,579.78 million.
  5. World imported Parts and accessories of automatic data process , worth US$ 6,846,764.37 million.

Exports and Imports of Product Groups 1988

Exports and imports of products by stages of processing in 1988 are below along with their corresponding Product Share as percent of total export or import

Tariffs 1988

Tariffs imposed by World in 1988 are below

  • The maximum rate of tariff in percentage on any product was 3,000 percent.
  • The simple average tariff across all products was 9.59 percent.
  • The trade weighted average tariff was 7.66 .
  • The total duty free imports in thousands of US dollars were 1,485,566.44 and duty free tariff line items share was 39.42 percent.

Development Indicators 1988

Key Development Indicators of World in 1988 are below

  • World GDP in current US dollar was 19,394,023 million.
  • GNI per capita, Atlas method (current US$) was 3,939.23 .
  • World Trade balance: as % of GDP was -0.27.
  • Trade balance in current US$ was -52,699.00 million.
  • Trade as percentage of GDP was 36.37 .
  • Trade in services as percentage of GDP was 7.09 .

Trade Indicators 1988

Trade Indicators for World in 1988 are below

  • Hirschman Herfindahl market concentration index was 0.16.
  • Index of export market penetration was 16.45.
  • World Growth in percentage was not available and World Country Growth was not available .