931 Special transactions and commodities not classified according to kind Since 2004, the value (in current prices) of exports of special transactions and commodities not classified according to kind (SITC group 931) increased on average by 14.6 percent each year and amounted to US$576.1 bln in 2008 (table 2). Graph 1 shows that in 2008, its exports increased by 18 percent, compared to 21.7 percent for world exports of commodities and transactions not classified elsewhere in SITC (SITC section 9) and 15.3 percent for total world exports. It accounted for 84.5 percent of world exports of commodities and transactions not classified elsewhere in SITC (SITC section 9) and 3.6 percent of total world exports (table 1). In 2008, Germany, Netherlands and United Arab Emirates were the top exporting countries (table 2). They accounted respectively for 16.8, 15.2 and 8.1 percent of world exports. Top destinations were Germany, USA and Netherlands (table 3). By MDG regions (graph 2), Developed Europe accounted for a majority of exports and a large share of imports of special transactions and commodities not classified according to kind (SITC group 931). In 2008, its exports and imports were valued respectively at US$310 bln and US$299.3 bln, resulting in a trade surplus of US$10.7 bln. Larger trade surpluses were recorded by Developed Asia-Pacific (US$+31.1 bln), South-Eastern Asia (US$+ 25.9 bln) and Commonwealth of Independent States (US$+22.5 bln). Top trade deficits were recorded by Southern Asia (US$-54.2 bln), Developed North America (US$-18.1 bln) and Sub-Saharan Africa (US$-10.3 bln). Table 1: Imports (Imp.) and exports (Exp.), 1994-2008, in current prices 1994 1995 110.2 111.7 82.1 85.1 2.6 2.6 Values in Bln US$ Imp. Exp. As a percentage of Imp. SITC section (%) Exp. As a percentage of Imp. world trade (%) Exp. 1996 136.9 146.4 83.9 87.0 2.7 2.9 1997 130.9 129.2 81.6 82.3 2.4 2.5 1998 136.8 133.4 79.8 82.7 2.5 2.4 1999 124.0 117.5 78.7 79.3 2.3 2.2 138.4 124.1 84.0 85.4 2.4 2.2 Graph 1: Annual growth rates of exports, 1994−2008 (In percentage by year) SITC code 931 ● SITC, Section 9 ● 2000 233.1 223.7 90.4 91.0 3.6 3.5 2001 211.1 222.4 89.0 91.3 3.4 3.6 2002 218.3 236.6 89.4 91.2 3.3 3.7 2003 244.4 285.5 88.5 89.6 3.2 3.8 Country or area ● 70% ● 60% 50% 40% ● ● 20% ● ● ● ● ● ● ● 00 01 ● ● ● ● ● −10% ● ● ● ● ● ● ● 0% 98 99 10% ● ● ● ● ● ● ● ● 08 ● ● 06 07 30% ● ● ● Exports World.................................... Germany................................ Netherlands.......................... United Arab Emirates........... Russian Federation............... USA....................................... Japan.................................... Singapore.............................. United Kingdom.................... Malaysia............................... Canada.................................. Italy....................................... France................................... Sweden................................. Belgium................................. Hungary................................. Trade balance World.................................... Germany................................ USA....................................... Netherlands.......................... Iran........................................ Italy....................................... United Kingdom.................... United Arab Emirates........... Iraq........................................ Turkey................................... Russian Federation............... Malaysia............................... Hungary................................. Japan.................................... India...................................... Singapore.............................. Developed Europe Developed N. America South−eastern Europe CIS Northern Africa Sub−Saharan Africa Latin Am, Caribbean Eastern Asia Southern Asia South−eastern Asia Western Asia 0 50 10 0 15 0 20 0 25 0 30 0 35 0 0 −5 00 50 −1 −1 00 −2 −2 50 Oceania 00 420.7 428.1 87.4 87.4 3.5 3.6 2007 504.1 488.1 87.5 87.1 3.6 3.5 2008 582.1 576.1 85.5 84.5 3.6 3.6 Avg. Growth Growth World share % (%) (%) (million US$) 04-08 07-08 Cum. 576 144.5 96 989.7 87 788.9 46 774.4 37 800.4 37 392.8 36 873.3 25 479.4 25 275.8 22 626.0 16 547.2 15 043.4 13 605.5 11 314.7 11 108.0 7 925.4 14.6 10.0 19.4 11.9 17.9 8.0 11.8 42.6 6.4 96.6 1.8 11.8 12.9 14.4 8.8 119.1 18.0 100.0 9.6 16.8 46.7 15.2 33.9 8.1 36.6 6.6 -0.9 6.5 3.6 6.4 38.9 4.4 0.6 4.4 956.8 3.9 0.5 2.9 19.1 2.6 11.5 2.4 11.3 2.0 20.1 1.9 14.3 1.4 16.8 32.1 40.2 46.8 53.2 59.6 64.1 68.5 72.4 75.2 77.9 80.2 82.2 84.1 85.5 Avg. Growth Growth World share % (%) (%) (million US$) 04-08 07-08 Cum. Value Country or area Developed Asia−Pacific −3 2006 Table 3: Top importing countries or areas in 2008 Graph 2: Trade Balance by MDG regions 2008 Imports 300.4 342.2 86.0 90.1 2.8 3.3 20 20 20 04 05 20 20 02 03 20 20 20 20 19 19 96 97 19 19 19 19 94 95 −20% (Bln US$) 2005 Value 90% 80% 289.5 334.0 86.6 89.6 3.1 3.7 Table 2: Top exporting countries or areas in 2008 Total ● 2004 Source: UN Comtrade 582 087.2 105 918.6 64 319.2 64 251.0 43 967.0 43 725.9 29 737.4 21 482.5 17 259.3 16 443.5 13 454.9 12 971.5 12 448.5 11 949.4 11 505.0 9 148.6 19.1 11.1 6.2 20.0 117.7 22.4 7.2 6.3 25.4 45.3 17.8 59.6 113.7 14.5 98.4 56.0 15.5 100.0 7.9 18.2 5.1 11.0 40.9 11.0 27.2 7.6 40.2 7.5 9.4 5.1 0.8 3.7 20.3 3.0 50.5 2.8 21.1 2.3 376.6 2.2 82.6 2.1 16.9 2.1 367.1 2.0 31.8 1.6 18.2 29.2 40.3 47.8 55.3 60.5 64.1 67.1 69.9 72.3 74.5 76.6 78.7 80.6 82.2