Academic Scientific JournalsWorld and Polish gross trade and value-added trade: Comparative analysis
Keywords:
gross trade, value-added trade, world trade, Poland’s foreign tradeAbstract
The study is aimed at answering the question of whether, and if so how much, world and Polish gross trade differ from value-added trade. Gross trade and value-added trade are similar up to a point, but there are also some crucial differences between them. On the one hand, world top three exporters and importers are the same despite of different measures (gross and valueadded); on the other hand, there are differences in the order among these groups of exporters and importers – for example the ranking of China. During period of 1995–2011, world and Polish trade grew by several times and the increase of gross trade was higher than the growth of value-added trade. Due to the world crisis, there were falls in gross and value-added trade in 2009 and the decrease in gross trade was stronger than in the case of value-added trade. Additionally, the proportion between value-added trade and gross trade during the period of 1995–2011 dropped. In the case of Poland this fall was higher than in the case of world trade.
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