posts_gdocs: 1DtDZ0SvPon_d7o_U3rw-K45ylW00pPpEVAmW41fkrg8

This table contains the GDocs posts. A lot of interesting data is the content column which is a json blob containing, among other things, the archieml as parsed json. For easy searching etc, a markdown copy of the content is available in the markdown column. If you want to query all posts (both wordpress and gdocs), use the posts_unified table or the posts_unified_with_content view.

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id slug type content published createdAt publishedAt updatedAt publicationContext revisionId breadcrumbs markdown title
1DtDZ0SvPon_d7o_U3rw-K45ylW00pPpEVAmW41fkrg8 in-2022-the-sum-of-imports-and-exports-across-countries-amounted-to-63-of-global-gdp data-insight 
{
    "body": [
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            "size": "narrow",
            "type": "image",
            "filename": "trade-index-DI-v2.png",
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                    "text": "According to the latest trade statistics from the World Bank\u2019s World Development Indicators, the sum of exports and imports across countries amounted to 63% of global GDP in 2022, the most recent year available.",
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            "value": [
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                    "text": "This metric, also known as the ",
                    "spanType": "span-simple-text"
                },
                {
                    "id": "trade-openness-index",
                    "children": [
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                            "text": "trade openness index",
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                },
                {
                    "text": ", represents the ratio of total trade (exports plus imports) to global output. The higher this ratio, the greater the influence of international trade transactions on global economic activity.",
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                    "text": "The chart shows the trade openness trend since 1970. After a decade of ups and downs, with a noticeable dip in 2020, trade rebounded above pre-pandemic levels in 2022.",
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            "value": [
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                    "text": "In fact, from a long-run perspective, the 63% observed in 2022 was historically unprecedented.",
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                    "text": "Economic historians estimate that in 1912, at the peak of the \u201cfirst wave of globalization\u201d, the trade openness index ",
                    "spanType": "span-simple-text"
                },
                {
                    "url": "https://ourworldindata.org/grapher/globalization-over-5-centuries",
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                            "text": "reached 30%",
                            "spanType": "span-simple-text"
                        }
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                    "text": ". Global trade declined substantially during the First and Second World Wars, then increased again with the onset of the \u201csecond wave of globalization\u201d, exceeding 50% of GDP at the beginning of the 21st century.",
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                    "text": "The fact that global trade openness was higher in 2022 than ever before may seem surprising, given that several countries that followed different trajectories received considerable attention in the media. For example, imports and exports peaked at 65% of GDP in China ",
                    "spanType": "span-simple-text"
                },
                {
                    "url": "https://ourworldindata.org/grapher/trade-as-share-of-gdp?tab=chart&country=~CHN",
                    "children": [
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                            "text": "in 2006",
                            "spanType": "span-simple-text"
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                    ],
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                    "text": " but have since declined to 38% in 2022.",
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            "type": "text",
            "value": [
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                    "url": "https://ourworldindata.org/trade-and-globalization#trade-expanded-in-two-waves",
                    "children": [
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                            "text": "Read more about the first and second waves of globalization",
                            "spanType": "span-simple-text"
                        }
                    ],
                    "spanType": "span-link"
                },
                {
                    "text": " \u2192",
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    "type": "data-insight",
    "title": "In 2022, the sum of imports and exports across countries amounted to 63% of global GDP",
    "authors": [
        "Esteban Ortiz-Ospina"
    ],
    "approved-by": "Max Roser",
    "grapher-url": "https://ourworldindata.org/grapher/trade-as-share-of-gdp?tab=chart&country=~OWID_WRL"
}
 1 2024-06-27 17:43:59 2024-08-01 05:00:00 2024-07-19 10:27:02 unlisted ALBJ4LtjG-zyAeRR8NHI31mRx_MN_9wk893hPWC_ynlEQnv21TnWKG3hXCJxC7BLiT-Web5YJM3mSvYU7cb0TQ   <Image filename="trade-index-DI-v2.png"/> According to the latest trade statistics from the World Bank’s World Development Indicators, the sum of exports and imports across countries amounted to 63% of global GDP in 2022, the most recent year available. This metric, also known as the trade openness index, represents the ratio of total trade (exports plus imports) to global output. The higher this ratio, the greater the influence of international trade transactions on global economic activity. The chart shows the trade openness trend since 1970. After a decade of ups and downs, with a noticeable dip in 2020, trade rebounded above pre-pandemic levels in 2022. In fact, from a long-run perspective, the 63% observed in 2022 was historically unprecedented. Economic historians estimate that in 1912, at the peak of the “first wave of globalization”, the trade openness index [reached 30%](https://ourworldindata.org/grapher/globalization-over-5-centuries). Global trade declined substantially during the First and Second World Wars, then increased again with the onset of the “second wave of globalization”, exceeding 50% of GDP at the beginning of the 21st century. The fact that global trade openness was higher in 2022 than ever before may seem surprising, given that several countries that followed different trajectories received considerable attention in the media. For example, imports and exports peaked at 65% of GDP in China [in 2006](https://ourworldindata.org/grapher/trade-as-share-of-gdp?tab=chart&country=~CHN) but have since declined to 38% in 2022. [Read more about the first and second waves of globalization](https://ourworldindata.org/trade-and-globalization#trade-expanded-in-two-waves) → In 2022, the sum of imports and exports across countries amounted to 63% of global GDP

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