The World’s Import Bill
Imports reached US$18,345 billion globally in 2013, a 31% increase since 2007. As developed economies emerge from recession, their imports are not increasing substantially. Emerging markets’ exposure to imports however is growing. In 2013, 39% of the world’s import bill was destined for emerging markets, compared to 31% in 2007. For those with weak or vulnerable currencies the import bill will become an increasing burden.
by Sarah Boumphrey