Trade (2364137e-f900-4e87-96f4-00f7f4c3bab8)

In 1990, the aggregate value of world international export trade in mineral commodities was estimated at more than $64 billion in current (1990) dollars, about 8.4% higher than that in 1989, but still 8.7% below the record high set in 1980. Table 8 provides a data series for the estimated value of world export trade in all mineral commodities from 1979 through 1990, as well as a breakdown of this total into fuel and nonfuel commodities. It is noteworthy that for this 1990 edition, trade data for the year of review were available in time for inclusion, whereas in previous editions, the latest available global trade data were for the year prior to the year of review. Hence, as regards trade, this edition of Minerals in the World Economy updates the 1989 edition by 2 years rather than by only 1. For this reason, it is appropriate to note that the 1989 global total value for inter-national export trade in mineral commodities was almost $596 billion, 11.1 % above the revised 1988 level of more than $536 billion, both figures expressed in current dollars for the appropriate year. Despite the considerable increase in the dollar value of mineral commodity exports, their share of total export merchandise trade declined to 19.1 % in 1990 from 19.7% in 1989. At 19.1%, this share was very near the recent year record low of 19.0% reached in 1988. The year 1990 was the fourth in a row in which the total value of world mineral commodity export trade increased.