I fear you have misunderstood those graphs.
The falls are in the value of traded goods and services, not the volume.
You’ll find these falls in value correlate well with the inverse of the dollar strength.
That is, you are looking at exchange rate effects.
Richard Murphy says:
February 22 2017 at 1:51 pm
Nit what the WB says…
February 22 2017 at 1:57 pm
It’s exactly what the WB says. Read the graphs again.
Trade has only “fallen” in terms of dollar values, due to the strength of the dollar. Trade volume is up.
He’s a professor you know….