About the book
This annual publication monitors the trends of international trade in goods and services in the medium term. The series is part of a larger effort by UNCTAD to analyse trade-related issues of particular importance for developing countries. The recovery in international trade in the last two years was in part due to nominal factors and in part to increase in volumes. In particular, the price of commodities regained ground and the United States dollar depreciated in real terms against a basket of currencies. Stronger global output growth and investment also played a role.