International trade statistics Firms scanning the world market for opportunities to diversify products, markets and suppliers, and trade support institutions TSIs setting priorities in terms of trade promotion, sectoral performance, partner countries and trade development strategies must have detailed statistical information on international trade flows in order to utilize resources effectively. ECONOMIC World Bank Economic Integration in the GCC Office of the Chief Economist Middle East and North Africa Region The World Bank WORLD BANK MIDDLE EAST AND NORTH AFRICA REGION European Union, Trade in goods with GCC European Commission Directorate General for Trade Units A G European Union, Trade with GCC Total goods EU Trade flows and balance, annual data Source Eurostat Comext Statistical regime Total goods EU Trade flows and balance Source Eurostat Comext Statistical regime Period Imports Exports Balance Total trade Trade Trade involves the transfer of goods or services from one person or entity to another, often in exchange for money.A system or network that allows trade is called a market. An early form of trade, barter, saw the direct exchange of goods and services for other goods and services need quotation to verify Barter involves trading things without the use of money. Gravity model of trade The gravity model of international trade in international economics is a model that, in its traditional form, predicts bilateral trade flows based on the economic sizes often using GDP measurements and distance between two units. The model was first introduced in economics world by Walter Isard in The basic model for trade between two countries i and j takes the form of United States Trade European Commission The European Union and the United States have the largest bilateral trade and investment relationship and enjoy the most integrated economic relationship in the world. World Trade Organization Home page Global trade Global trade The World Trade Organization WTO deals with the global rules of trade between nations Its main function is to ensure that global trade flows resourcetrade.earth Chatham House Explore the dynamics of trade in natural resources, the sustainability implications of such trade, and the interdependencies between importers and exporters. StatsAPEC Data for the Asia Pacific region economic Key Indicators Database Over economic, social and environmental indicators for all APEC members WTO International trade and tariff data STATISTICS Trade and tariff data The WTO provides quantitative information in relation to economic and trade policy issues Its data bases and publications provide access to data on trade flows, tariffs, non tariff measures NTMs and trade in value added.