Innovations In International Trade

Share of Products Exported across the Globe &ndash; Past Four Decades from 1980 to 2020.

Share of Products Exported across the Globe – Past Four Decades from 1980 to 2020

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The vast majority of goods travel by sea through maritime shipping to lower cost, but some also travel overland or by air. Some estimates put maritime at up to 90% of overall global trade, in terms of volume; while air cargo constitutes the least at approximately 0.2%. However, in terms of value, air cargo comprises less than 18%. Rail ranks 2nd in terms of volume, handling 7% of freight and the remaining in land transportation.

International Trade Volumes by Channel

Manufactured Goods, Hydrocarbon and Mining, and Agriculutural Products&nbsp;are the popular world exports. Manufactured goods currently comprise around 70% 
of all goods exported across the globe followed by hydrocarbon and mining products. With China, Germany, and the United States as the top 3 exporters.

Share of Products Exported across the Globe, 1980 to 2020

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