The APEC Regional Trends Analysis (ARTA) is a semi-annual report produced by the APEC Policy Support Unit. Each instalment has two parts: (1) a thematic chapter about a subject of relevance to the region and (2) an update on current economic and trade trends. For its May 2022 issue, ARTA tackles:
I. Trade Costs and Facilitating Supply Chain Networks
II. Sustainable Recovery amid Uncertainty
This section displays some of the data highlights in the paper.
Note: Based on the methodology described in Appendix B. Global average trade costs are represented by 42 economies: Brazil, Bulgaria, China, Croatia, the Czech Republic, Estonia, Hungary, India, Indonesia, Latvia, Lithuania, Korea, Malta, Mexico, Russia, Turkey, Romania, Poland, Slovakia. Also included are the following high-income economies: Australia, Canada, Cyprus, the EU15 economies, Japan, Norway, Slovenia, Switzerland, and the US.
Source: UN Comtrade data; APEC PSU staff calculations.
Note: (1) Node sizes reflect total export values: bigger nodes represent large exporting economies; node shades reflect (betweenness) centrality: darker nodes represent more central/hub economies; edges (the lines between the nodes) reflect bilateral export values: darker and thicker edges represent higher export values.
Source: CEPII-BACI data; APEC PSU staff calculations.
Source: Member-economy sources; APEC PSU staff calculations.
Source: Member-economy sources; IMF World Economic Outlook (April 2022); APEC PSU staff calculations.
Tackling Trade Costs and Facilitating Supply Chain Networks was prepared by PSU's Akhmad Bayhaqi (senior analyst), Nguyen Thu Quynh (researcher) and Emmanuel A. San Andres (senior analyst). The cyclical chapter, Sustainable Recovery amid Uncertainty, was prepared by Rhea Crisologo Hernando, a PSU senior researcher.