Commodity exports constitute a large share of world merchandise trade for many developing and developed countries.
In 2019, of the US$18.9 trillion merchandise trade, around one third comprised commodities – 25 per cent and 30 per cent for developed and developing countries, respectively. Out of the 102 commodity-dependent developing countries (CDDCs) in the world, 31 are Commonwealth countries, representing 60 of its membership.
The COVID-19 pandemic has led to a steep decline in commodities exports and created several macroeconomic challenges for these countries.
This webinar will discuss the findings of a recent study by the Commonwealth Secretariat and the United Nations Conference on Trade and Development (UNCTAD). It will: