The Syrian Civil War is the largest ongoing military conflict in the world, already claiming a total of at least 167,000 lives* since civil unrest first erupted in March 2011 on the heels of the Arab Spring. Human life is one measure of a wars devastation. Today, we examine the devastation of war from an economic perspective: international trade. The disruption in Syrian trade has already lowered its ranking globally from the 88th largest exporter in 2011 to the 141st in 2015.
Humanitarian aid has partially offset some of Syria’s loss in merchandise imports. Amounting to roughly $4.5 billion in 2015, aid was almost equal to Syria's total merchandise imports that same year. These numbers should be used and considered with due caution given reporting lapses and losses that go hand-in-hand with a country in civil war.
Learn more about Syria’s trade profile and arms and ammunition trade below in today’s Viz of the Day.
Trade Policy Reviews are an exercise, mandated in the WTO agreements, in which member countries' trade and related policies are examined and evaluated at regular intervals. Significant developments that may have an impact on the global trading system are also monitored. All WTO members are subject to review, with the frequency of review depending on the country's size. Event holder: World Trade Organization
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Constantly increasing globalization and integration of the world, often emphasized in the modern times, is carried out mostly through merchandise trade. Nowadays, wide variety of goods are involved in merchandise trade, but traditional ones, such as fuels, mining products, machinery and transport still remain most tradable. International trade of services, including transport, tourism and financial services, is also gaining momentum headed by the US as the world leader in exports and imports of services. The data on these and other indicators covering the framework of foreign trade is presented in the below datasets and visualizations. See...